Carlyle Raises $7.1B for Its Largest Ever Credit Fund

Global investment firm Carlyle has held the final close of its third Carlyle Credit Opportunities Fund with $7.1 billion in capital, making it the firm’s largest credit fundraise to date. The raise includes $5.7 billion from institutional investors and available leverage.

CCOF III is nearly 30% larger than its predecessor fund and brings total investable capital across the opportunistic credit strategy to approximately $17 billion. The fund has already deployed or committed $2.4 billion across 25 investments spanning North America, Europe, and Asia Pacific.

The fund focuses on structured financing solutions to family-owned, founder-led and management-owned companies, as well as sponsor-backed firms and special situations.

“Private credit continues to play a vital role in the global capital markets, and we see tremendous opportunity to put capital to work in this asset class,” said Mark Jenkins, head of global credit at Carlyle.

Since 2017, Carlyle’s Credit Opportunities strategy has deployed nearly $22 billion, targeting industry verticals including sports, media and entertainment, residential real estate, software, technology, and financial services.

The strategy is part of Carlyle’s Global Credit platform, which has emerged as the firm’s fastest-growing business segment over the past five years, managing $194 billion in assets as of September 30.