Carlyle starts investor meetings for swift euro CLO return
The Carlyle Group has begun meeting with prospective investors in its second European collateralized loan obligation this year — a €299m Citigroup-arranged deal called Carlyle Global Market Strategies Euro CLO 2013-2 — barely six weeks after pricing its first post-crisis Euro CLO.
This is the 11th European transaction to hit the market this year after Cairn Capital kickstarted the region’s CLO resurgence in February.
The collateral manager, CELF Advisors LLP, intends to retain a portion of the €36m subordinated tranche in order to comply with the Capital Requirements Directive’s 5%
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