Global alternative asset manager The Carlyle Group announced the closing of a Collateralized Loan Obligation (CLO) fund in the U.S. totaling approximately $610 million. The CLO, arranged by Citigroup, is the firm’s second of 2017 in the United States. Carlyle US CLO 2017-2, Ltd will invest predominantly in senior secured leveraged loans.

With its latest CLO, Carlyle’s structured credit/CLO business has approximately $19.1 billion in assets under management. Carlyle’s global credit businesses include: Loans & Structured Credit, Opportunistic Credit, Private Credit, Energy Credit and Distressed Credit. The global credit businesses have more than 100 investment professionals in New York, Washington, DC, Los Angeles, Chicago, Hong Kong, and London.