Monday, November 28, 2022

Carlyle to Be Your Debt Supplier?

The Carlyle Group plans to raise its third credit opportunities fund.  Yahoo Finance reported:

It’s set to have a broad mandate, with the ability to invest in distressed and performing private debt, as well as special situations. The private credit market is increasingly becoming the only option for companies looking for debt financing in Europe and the United States

Carlyle snatched Brintons away from its founding family in a credit opportunity.  It got Mrs. Fields in a similar move.  

Former CEO Kewsong Lee steered Carlyle deeper into packaged credit.   Carlyle generally avoids putting good money after bad for stressed affiliates (Semgroup, Synagro, ManorCare).  It remains to be seen if they extend loans to affiliates with the money.