Carlyle Secured Lending to acquire Carlyle Secured Lending III.

Carlyle Secured Lending, an externally managed specialty finance company, agreed to acquire Carlyle Secured Lending III, a non-diversified closed-end management investment company. Financial terms were not disclosed. “We are excited to announce the merger of CGBD and CSL III, which is designed to have meaningful benefits for investors of both entities. Given substantial overlap in strategy and portfolio composition, combining CGBD and CSL III into a single, larger, and more liquid vehicle will result in significant stockholder value creation and an enhanced investor experience. We are confident in this transaction’s potential to drive greater trading volume, access to an expanded stockholder base, and lower operating and financing costs. There is strong momentum across our direct lending franchise, and we believe bringing CGBD and CSL III together will enable us to build on that momentum,” Justin Plouffe, Carlyle Secured Lending (CGBD) and Carlyle Secured Lending III (CSL III) CEO.