The Carlyle Group Completes Acquisition of 11 CLO Management Contracts from Stanfield Capital Partners, Increasing Carlyle’s Credit AUM to $16.8 Billion

New York – Global alternative asset manager The Carlyle Group today announced it has completed the purchase of the management contracts on $4.2 billion in CLO assets from Stanfield Capital Partners LLC, a fixed income asset manager based in New York. Financial terms were not disclosed. The purchase agreement was first announced in April and was subject to investor consent, which has been received.

The transaction, part of a broader strategy to expand the scope and depth of Carlyle’s global credit alternatives business, increases Carlyle’s credit AUM to $16.8 billion. The 11 CLOs are invested primarily in non-investment grade corporate loans.

Mitch Petrick, Carlyle Managing Director and Head of the Global Credit Alternatives and Capital Markets Group, said, “Linda Pace and her team have done an extraordinary job of swiftly closing all of these contracts. With this consolidation, Carlyle is now one of the world’s largest structured credit managers and we continue to make scale and diversity the hallmark of our product offerings.”

Linda Pace, Managing Director and Head of Portfolio Management for Carlyle’s structured funds, said, “We are pleased with how smoothly the consent process went. By working together with Stanfield, we closed on all 11 funds ahead of schedule and with overwhelming support from debt and equity investors. With a focus on risk management and client service, we will strive to maximize returns and protect investors’ capital.”

Carlyle's global credit alternatives business comprises an array of structured credit, mezzanine and distressed products – now with 34 funds with $16.8 billion in assets managed by 53 investment professionals.

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Stanfield Capital Partners LLC
Stanfield Capital Partners LLC is a leading asset manager of alternative fixed income strategies concentrating on non-investment grade loans. Founded in 1998, Stanfield's Managing Partners have worked together since 1992 and managed one of the first independently managed loan portfolios. Stanfield has one of the longest institutional track records in the corporate loan and structured credit business. Stanfield has $5.1 billion in assets under management.

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