The Carlyle Group Closes $623 Million C.L.O.

The Carlyle Group, the publicly traded asset manager, has closed a $623 million C.L.O. fund (typically a collection of large loans made by banks to corporations with higher amounts of leverage). It's the firm’s second new-issue CLO of the year. Carlyle Global Market Strategies CLO 2013-2 will invest in corporate leveraged loans and high yield bonds. Morgan Stanley arranged the transaction.

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