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In brief: Carlyle expands ESG-linked credit facility toolkit with €2.3bn line

This development means that approximately $10bn of Carlyle's finance has some sort of ESG consideration baked in.

Carlyle has added another ESG-linked credit facility to its fund finance stable. The global private markets manager said in a statement this morning that it had secured a €2.3 billion facility for its European private equity and real estate platforms. What do you need to know?

  • The facility’s cost will be linked to Carlyle’s 30 percent diverse boards target (as was the case with the firm’s previous, also very large, ESG-linked facility). It will also, however, be linked to the “accurate and comprehensive” measurement of greenhouse gas emissions and to the provision of “ESG-competent board training” to Carlyle board directors.
  • The facility was arranged by NatWest Markets as lead arranger. Crédit Agricole Corporate and Investment Bank acted as ESG coordinator and agent.
  • This development means that approximately $10 billion of Carlyle’s finance has some sort of ESG consideration baked in. Its subsidiary fund of funds and secondaries business, AlpInvest, arranged its first ESG-linked subscription credit facility in May.