Carlyle pushes into wealth market with semi-liquid European private credit fund
The strategy will invest directly in deals originated by the firm’s $188bn global credit platform, which offers borrowers bespoke solutions across the entire capital structure.
The Carlyle European Tactical Private Credit (ETAC) fund is a European credit strategy structured as an open-ended, semi-liquid fund offering monthly subscriptions and quarterly redemptions.
The strategy will invest directly in deals originated by the firm's $188bn global credit platform, which offers borrowers bespoke solutions across the entire capital structure.
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It is designed to generate income with a focus on downside protection by tactically allocating assets to a wide range of private credit strategies, such as direct lending, opportunistic credit, and real assets credit.
Under normal circumstances, the fund will target investing at least 70% of its assets in private fixed income securities and credit instruments, primarily in senior secured and floating rate debt.
«We believe private credit is a fundamental constituent within a well-diversified investment portfolio, and can provide investors enhanced yields through market cycles,» said Taj Sidhu, head of European and Asian private credit at Carlyle.
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Shane Clifford, head of Carlyle wealth strategy, added: «The launch of ETAC represents a significant milestone in Carlyle's drive to provide individuals access to private markets, particularly in Europe.
»Private credit has unique benefits and considerations in a portfolio, beyond traditional asset classes. ETAC offers flexibility and access to investment opportunities historically only available to
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