Carlyle Tactical Private Credit Fund is an interval fund that targets consistent profit, so it invests in private loans and other fixed-income assets.
The Global Credit platform of the Carlyle Group is in charge of managing the closed-end investment business.
The Carlyle CTAC fund highlights the value of private credit as a mainstay in diverse investment baskets.
If you are looking to invest as an expat or high-net-worth individual, which is what I specialize in, you can email me (advice@adamfayed.com) or WhatsApp (+44-7393-450-837).
This includes if you are looking for alternatives or a second opinion.
Some of the facts might change from the time of writing, and nothing written here is formal advice. So, potential investors shouldn’t invest or decide not to invest based on this review alone.
For updated guidance, please contact me.
This post will discuss an overview of the Carlyle Group, the firm behind the investment opportunity, CTAC Private Credit’s features, performance, and other significant information.
Carlyle is a global investment company founded in Washington, D.C. in 1987.
Currently, Carlyle oversees 612 financial vehicles and three business units with roughly $447 billion worth of assets.
The business has 29 offices spread over four continents.
The Carlyle Tactical Private Credit Fund (CTAC) was kicked off in June 2018.
As of end-November 2024, the fund managed roughly $5.22 billion worth of assets.
A $10,000 minimum commitment is required for CTAC subscriptions, which are accessible on a daily basis. At least 5% of the Fund’s net assets will be repurchased every quarter.
The asset allocation by strategy includes:
Geographically, 80% of assets are allocated to North America, while 19.2% is spread across South America, Europe, and Australia.
Among the top 10 holdings by industry:
88% of the assets’ interest rates are floating; 12% are fixed.
The CTAC private credit offering logged the following outcomes as per available data as of Jan. 21, 2025:
The fund’s monthly, quarterly, and year-to-date returns are 0.61%, and its net asset value is $8.52.
The cumulative gain for the fund’s inception-to-date period is 43.31%; the yearly ITD yield is 5.57%.
The return for the last year is 10.23%, while the annualized return over the last three years is 7.43%.
In this case, the initial investment in the fund is trimmed by a 3% sales load that is taken out at the outset.
The NAV stays at $8.52 as a result of this deduction, but the impact of the load causes the monthly, quarterly, and year-to-date returns to fall to -2.41%.
The annualized ITD profit is 5.01%, while the cumulative ITD earning is 38.30%.
The three-year annualized return is 6.34%, and the one-year return is 6.92%.
The NAV is $8.56, slightly higher than the A shares.
The gains from month-, quarter-, and year-to-date all hit 0.64%, indicating steady short-term performance.
Inception-to-date cumulative profit is an impressive 49.06%. This translates into a 6.44% annualized ITD return.
Annualized yield is 7.90% over three years, while one-year profit is 10.69%.
The fund’s NAV is $8.52, with consistent MTD, QTD, and YTD gains of 0.73%.
With an annualized ITD return of 5.84%, the fund’s cumulative return during the ITD term is 43.78%.
Short-term performance remains strong with an annualized yield of 7.32% over three years and a one-year return of 10.07%.
The NAV is also $8.52, but the MTD, QTD, and YTD returns drop to -2.80%.
An annualized ITD payout of 5.25% and a cumulative ITD earning of 38.75% are lower than those of the no-load option.
The annualized return for three years and the return for one year slide to 6.06% and 6.22%, respectively.
The fund’s net asset value is $8.56.
The MTD, QTD, and YTD returns each stood at 0.59%.
The M shares have grown significantly since their launch, as seen by their remarkable cumulative return of 63.58%. The ITD annualized gain is 11.06%.
The annualized return over three years is 7.12%, and the return over one year is 9.96%.
The fund has a net asset value of $8.52 and gains of 0.76% on a month-to-date, quarter-to-date, and year-to-date basis.
The fund has recorded a 6.82% annualized ITD return and 46.33% cumulative ITD return.
These shares logged a three-year annualized return of 8.01% and a profit of 10.77% over one year.
The NAV of the fund is $8.57.
The year-to-date, quarter-to-date, and month-to-date returns all reached 0.71%.
Inception-to-date gains are 25.87% cumulatively and 10.10% yearly.
The fund had a 9.96% return over the last year.
The fund’s NAV is $8.52.
It has 0.62% MTD, QTD, and YTD returns.
The annualized ITD return is 6.13%, and the cumulative ITD return is 46.28%.
The fund’s one-year return hit 10.18%, and its three-year annualized return reached 7.60%.
The fund’s managed assets are subject to a management charge of 1%.
Also, after expenses are subtracted, only investment income is subject to a 15% incentive fee.
A 6% performance fee with a 100% catch-up provision will only be assessed if the hurdle rate is reached.