Bloomberg News

Carlyle Said to Be Seeking to Raise $510 Million CLO Fund

March 05, 2012

Carlyle Group is seeking a $510 million collateralized loan obligation to be arranged by Wells Fargo & Co. (WFC) and Mitsubishi UFJ Financial Group Inc., according to three people with knowledge of the deal.

The CLO may include a $320 million slice rated AAA by Standard & Poor’s, said the people, who declined to be identified because the terms are private.

CLOs are a type of collateralized debt obligation that pool high-yield, high-risk loans and slice them into securities of varying risk and return.

To contact the reporters on this story: Kristen Haunss in New York at khaunss@bloomberg.net; Sarah Mulholland in New York at smulholland3@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net


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