Carlyle, a private equity firm, agreed to acquire CBAM, an alternative investment management, from Eldridge, a global investment firm, for $787m. "Acquiring these assets from CBAM adds scale to our already strong CLO business and creates shareholder value on day one by delivering a substantial and accretive increase in Fee Related Earnings. This transaction builds on our strong momentum as we continue growing the global credit platform in line with our strategic plan,” Mark Jenkins, Carlyle Head of Global Credit.