Carlyle Plans to Raise $8.5 Billion for New Illiquid Credit Fund
- New capital pool is part of firm’s illiquid credit platform
- Private markets are giving companies much-needed financing
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Carlyle Group Inc. plans to raise at least $8.5 billion for a new private credit fund, as it competes with rivals to snap up lending business abandoned by banks.
The Washington D.C.-based firm has held early discussions with investors about the new vehicle, dubbed Carlyle Credit Opportunities Fund III, ahead of its formal fundraising launch in 2023, according to people with knowledge of the matter, who requested anonymity because the information is private.