Financial Wire

Market Chatter: Carlyle Asset-Backed Income Fund Raises $1.5 Billion in First Round

-- Carlyle Group (CG) has attracted $1.5 billion in the first round of fundraising for its Carlyle Asset-Backed Income Fund from pension funds, sovereign wealth funds, and other institutional investors, Bloomberg reported Tuesday, citing a source familiar with the matter.

The fund does not have a preset end date unlike most credit vehicles, the source said.

Carlyle did not immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $50.28, Change: $+1.08, Percent Change: +2.18%

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