Carlyle Group has raised $1.5bn in the initial fundraising round for a new asset-backed finance vehicle, the Carlyle Asset-Backed Income Fund, as the firm continues to expand its credit platform, according to a report by Bloomberg.
The report cites an unnamed source familiar with the matter as revealing that the fund has attracted commitments from a range of institutional investors, including pension funds and sovereign wealth funds. Unlike traditional closed-end credit vehicles, the fund is str...
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