KKR Raises $1.5 Billion for New Investment Fund, Continuing to Expand Credit Business Footprint

BlockBeats News, April 15th, according to Bloomberg, The Carlyle Group has raised $1.5 billion in the first round of fundraising for its newly established asset-backed investment fund, as the private equity giant continues to expand its credit business footprint.

According to people familiar with the matter, pension funds, sovereign wealth funds, and other institutional investors participated in the fund - Carlyle Asset-Backed Income Fund. Unlike most credit funds with a fixed term, the fund will adopt a "perpetual" structure with no set maturity date. Due to the sensitive nature of the information involved, the individual requested anonymity.