Carlyle Group Raises $1.5 Billion for New Asset-Backed Investment Fund

Carlyle Group has successfully raised $1.5 billion in the first round of funding for its newly established asset-backed investment fund, according to BlockBeats. This move is part of the private equity giant's ongoing expansion of its credit business. Sources familiar with the matter revealed that pension funds, sovereign wealth funds, and other institutional investors participated in the Carlyle Asset-Backed Income Fund. Unlike most credit funds with fixed terms, this fund will adopt a 'perpetual' structure, meaning it will not have a set expiration date. Due to the sensitivity of the information, the sources requested anonymity.