By Benjamin Horney (April 6, 2022, 11:40 a.m. EDT) — The Carlyle Group said Wednesday it had closed its second fund of credit opportunities after securing $4.6 billion from limited partners, with plans to providing loans to upper-middle market businesses, primarily in North America and Europe.

The fund, called Carlyle Credit Opportunities Fund II, or CCOF II, exceeded its original target of $3.5 billion and closed at the cap, Carlyle said in a statement. Including available leverage, the fund has approximately $6 billion of investable capital.

The new fund has already deployed approximately $3.8 billion of its available capital across 22 companies in North America and…

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