Global investment firm Carlyle has agreed to acquire from CBAM Partners, an affiliate of Eldridge and investment management firm and SEC-registered investment adviser with $15 billion of AUM, a portfolio of assets using a combination of $615 million in cash from Carlyle’s balance sheet and about 4.2 million newly issued common shares.
CBAM’s $15 billion in assets under management, the majority of which are in collateralized loan obligation (CLO) funds, will be integrated into Carlyle’s Global Credit platform. The transaction will increase Carlyle’s CLO AUM to approximately $48 billion, making Carlyle the world’s largest CLO manager. Carlyle is also acquiring other CBAM assets across private credit that fit strategically into Carlyle’s Global Credit platform. The transaction will have an immediate and accretive impact to Fee Related Earnings and Distributable Earnings per common share.
“Acquiring these assets from CBAM adds scale to our already strong CLO
