Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced it has closed a U.S. Collateralized Loan Obligation (CLO) fund totaling $612 million. The CLO, arranged by JP Morgan Chase, is the firm’s third new-issue to close in the U.S. in 2018. Carlyle US CLO 2018-2, Ltd will invest predominantly in senior secured leveraged loans.

With its latest CLO, Carlyle’s structured credit/CLO business has approximately $23.6 billion in assets under management. Carlyle’s global credit businesses include: Loans & Structured Credit, Opportunistic Credit, Private Credit, Energy Credit and Distressed Credit. The global credit businesses have more than 100 investment professionals in New York, Washington, DC, Los Angeles, Chicago, Hong Kong, and London.