Carlyle launches private credit fund for Europe’s wealthy
US-based alternative asset manager Carlyle has become the latest firm to launch a semi-liquid private credit fund to attract wealthy individuals in Europe.
The firm has launched the European Private Credit Strategy, which will offer monthly subscriptions and quarterly redemptions to investors. It will aim to invest at least 70 per cent of its assets in private fixed income securities and credit instruments.
“We believe private credit is a fundamental constituent within a well-diversified investment portfolio, and can provide investors enhanced yields through market cycles,” commented Taj Sidhu, head of European and Asian private credit at Carlyle.
“In launching this European Private Credit strategy for individuals, we are providing a single point of access to highly differentiated opportunities to an increasingly important investor base, enabling them to benefit from Carlyle Global Credit’s breadth of capabilities, scale of capital and integrated global platform.”
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The European fund follows the launch of Carlyle Tactical Private Credit fund, which was set up in North America to provide individual investors with access to private credit markets.
Carlyle’s global credit platform has $188bn (£148bn) in assets under management. The group, along with its peers like Blackstone and Ares Management, has been accelerating its push into the private wealth channel more recently.
Since inception, Carlyle has raised nearly $50bn of wealth assets, according to the firm’s latest earnings call.
With this fund launch, the firm joins the likes of Blackstone aiming to raise capital from individuals in Europe.
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