Carlyle raises $300m for bank debt fund

Carlyle, the private equity firm, has extended its range of financing options by raising a $300m fund to target non-investment grade bank loans.

The primary purpose of the fund is to purchase loans from banks at discounted prices and deliver an attractive return for the fund's investors.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire