Global investment firm Carlyle has announced the final close of its third Carlyle Credit Opportunities Fund (CCOF III), securing $7.1 billion in investable capital. This marks Carlyle's largest credit fundraise to date, with commitments from a variety of global institutions, including both new and existing investors.

CCOF III is approximately 30% larger than its predecessor, bringing the total investable capital across Carlyle's opportunistic credit strategy to around $17 billion. The fund has already invested or committed over $2.4 billion in 25 investments spanning North America, Europe, and Asia Pacific.

Alex Popov, Head of Private Credit at Carlyle, stated: “We appreciate the ongoing support of our investors, many of whom were repeat investors from our previous funds. With the global economy in a period of prolonged transformation, our Credit Opportunities strategy is well-positioned to expand our reach and provide timely, strategic capital to companies navigating complex situations.”

Mark Jenkins, Head of Global Credit at Carlyle, added: “This fundraise is a milestone for our Global Credit platform and a testament to the caliber of our Opportunistic Credit team. Private credit continues to play a vital role in the global capital markets, and we see tremendous opportunity to put capital to work in this asset class."

Since 2017, Carlyle’s Credit Opportunities strategy has deployed nearly $22 billion by leveraging its expertise and market connectivity across various industry sectors such as sports, media and entertainment; residential real estate; software and technology; and financial services.

Carlyle's Global Credit platform has been its fastest-growing business segment over the past five years. As of September 30, 2024, it manages $194 billion in assets across diverse strategies including liquid credit and asset-backed finance.

Carlyle operates globally with more than 2,300 employees across four continents. It manages $447 billion in assets as of September 30, 2024.