Global investment firm Carlyle has made the final close of its second Carlyle Credit Opportunities Fund (CCOF II) which raised USD4.6 billion, hitting its hard cap, exceeding its USD3.5 billion target, and attracting almost double the amount raised for its predecessor fund.
CCOF II has already committed approximately USD3.8 billion—or 6 per cent of investable capital—to 22 businesses in North America and Europe across industries. The team focuses on leveraging Carlyle’s areas of expertise and market connectivity to develop thematic views and proactively pursue investments in targeted industry verticals including media and entertainment; residential real estate and services; software and technology; financial and business services; and aerospace.
CCOF II’s predecessor fund, CCOF I, closed in 2019 with USD2.4 billion in total commitments.
Read more: Private Equity Wire
