(Bloomberg)—Carlyle Group Inc. is trying to increase about $2 billion for a fund that may give attention to high-yield non-public debt for infrastructure initiatives, in response to folks acquainted with the matter, as various lenders look exterior of their conventional domains to different asset courses.
The Carlyle Infrastructure Credit score Fund II is ready to put money into the senior and junior debt items of instantly originated financings for initiatives primarily in vitality transition alternatives. That features sectors reminiscent of renewable vitality, digital infrastructure and social infrastructure, stated the folks, who declined to be recognized as the main points are non-public. The funds can even goal infrastructure property exterior of vitality transition.
World Head of Carlyle Infrastructure Credit score Erik Savi and Deputy World Head of Carlyle Infrastructure Credit score Manish Taneja are amongst these concerned within the advertising and marketing efforts, the folks stated.
A Carlyle consultant declined to remark.
Infrastructure initiatives have lengthy been certainly one of various lenders’ most well-liked investments, in response to an Ellington Administration Group report seen by Bloomberg, which discusses alternatives in industrial actual property. Infrastructure initiatives, reminiscent of airport constructions, utilities or roads, are usually extra cashflow-stable and fewer risky than different asset courses.
Carlyle raised a previous model of the fund in 2020 however for only a fraction of this newest spherical: round $600 million, an individual stated. On this spherical, the Washington, D.C.-based agency is telling traders the fund will goal internet returns of 9% in unlevered offers, rising to a variety of 10% to 12% for levered transactions, the folks stated. Carlyle is advertising and marketing its newest model of the infrastructure fund as a means to assist institutional traders reminiscent of pension funds and insurance coverage corporations scale back publicity within the forthcoming anticipated recession.
Carlyle Group is a world asset supervisor investing throughout credit score, actual property and personal fairness, and has been concerned in giant infrastructure initiatives such because the New Terminal One at JFK airport in New York.
–With help from Daybreak Lim.
To contact the reporter on this story: Carmen Arroyo in New York at [email protected]
To contact the editors liable for this story: Nina Trentmann at [email protected]
Andrew Kostic, Allan Lopez.
© 2023 Bloomberg L.P.
(Bloomberg)—Carlyle Group Inc. is trying to increase about $2 billion for a fund that may give attention to high-yield non-public debt for infrastructure initiatives, in response to folks acquainted with the matter, as various lenders look exterior of their conventional domains to different asset courses.
The Carlyle Infrastructure Credit score Fund II is ready to put money into the senior and junior debt items of instantly originated financings for initiatives primarily in vitality transition alternatives. That features sectors reminiscent of renewable vitality, digital infrastructure and social infrastructure, stated the folks, who declined to be recognized as the main points are non-public. The funds can even goal infrastructure property exterior of vitality transition.
World Head of Carlyle Infrastructure Credit score Erik Savi and Deputy World Head of Carlyle Infrastructure Credit score Manish Taneja are amongst these concerned within the advertising and marketing efforts, the folks stated.
A Carlyle consultant declined to remark.
Infrastructure initiatives have lengthy been certainly one of various lenders’ most well-liked investments, in response to an Ellington Administration Group report seen by Bloomberg, which discusses alternatives in industrial actual property. Infrastructure initiatives, reminiscent of airport constructions, utilities or roads, are usually extra cashflow-stable and fewer risky than different asset courses.
Carlyle raised a previous model of the fund in 2020 however for only a fraction of this newest spherical: round $600 million, an individual stated. On this spherical, the Washington, D.C.-based agency is telling traders the fund will goal internet returns of 9% in unlevered offers, rising to a variety of 10% to 12% for levered transactions, the folks stated. Carlyle is advertising and marketing its newest model of the infrastructure fund as a means to assist institutional traders reminiscent of pension funds and insurance coverage corporations scale back publicity within the forthcoming anticipated recession.
Carlyle Group is a world asset supervisor investing throughout credit score, actual property and personal fairness, and has been concerned in giant infrastructure initiatives such because the New Terminal One at JFK airport in New York.
–With help from Daybreak Lim.
To contact the reporter on this story: Carmen Arroyo in New York at [email protected]
To contact the editors liable for this story: Nina Trentmann at [email protected]
Andrew Kostic, Allan Lopez.
© 2023 Bloomberg L.P.