Relevant:
- Carlyle to Shutter Blue Wave Hedge Fund After Losses
- Carlyle Capital Assets Fall 24% Amid Debt Selloff
- Banks call time as Carlyle Capital fails margin calls
- Carlyle hit with suit over collapsed mortgage fund
- Mortgage applications in the U.S. fell 2.8 percent last week, led by the biggest drop in purchases since January.
2008-04-07 — ft.com
Carlyle Group isn’t standing still. Moving on from the “biggest embarrassment in its 20-year history†as the WSJ says, the private equity house has just closed a $1.35bn fund to capitalise on other firms’ financial embarrassments.
...
The new fund, Carlyle Strategic Partners II, will do everything from investing in publicly traded bonds and bank loans to purchasing ailing companies outright. It is the first Carlyle vehicle to close since the collapse of Carlyle Capital Corp., a fund also managed by Carlyle Group.
By the way, "close" here means "open".
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