{"id":92582,"date":"2025-02-03T07:58:58","date_gmt":"2025-02-03T07:58:58","guid":{"rendered":"https:\/\/adamfayed.com\/?p=92582"},"modified":"2025-02-03T07:58:58","modified_gmt":"2025-02-03T07:58:58","slug":"carlyle-tactical-private-credit-fund-review","status":"publish","type":"post","link":"https:\/\/adamfayed.com\/es\/review-articles\/carlyle-tactical-private-credit-fund-review\/","title":{"rendered":"An\u00e1lisis del fondo Carlyle Tactical Private Credit Fund"},"content":{"rendered":"<p>Carlyle Tactical Private Credit Fund\u00a0is an interval fund that targets consistent profit, so it invests in private loans and other <a href=\"https:\/\/adamfayed.com\/es\/investment-options\/fixed-income\/\">renta fija<\/a> assets.<\/p>\n\n\n\n<p>The Global Credit platform of the&nbsp;Carlyle Group&nbsp;is in charge of managing the closed-end investment business.<\/p>\n\n\n\n<p>The Carlyle CTAC fund highlights the value of private credit as a mainstay in diverse investment baskets.<\/p>\n\n\n\n<p>Si desea invertir como expatriado o particular con un elevado patrimonio neto, que es en lo que estoy especializado, puede enviarme un correo electr\u00f3nico (advice@adamfayed.com) o WhatsApp (+44-7393-450-837).<\/p>\n\n\n\n<p>Tambi\u00e9n si busca alternativas o una segunda opini\u00f3n.<\/p>\n\n\n\n<p>Algunos de los hechos podr\u00edan cambiar desde el momento de la redacci\u00f3n, y nada de lo aqu\u00ed escrito constituye asesoramiento formal. Por lo tanto, los inversores potenciales no deben invertir o decidir no invertir bas\u00e1ndose en esto. <a class=\"wpil_keyword_link\" href=\"https:\/\/adamfayed.com\/es\/category\/review-articles\/\" title=\"revise\" data-wpil-keyword-link=\"linked\" data-wpil-monitor-id=\"1418\">revise<\/a> solo.<\/p>\n\n\n\n<p>Si desea orientaci\u00f3n actualizada, p\u00f3ngase en contacto conmigo.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"512\" height=\"341\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-Group-512x341.jpg\" alt=\"What is Carlyle Group\" class=\"wp-image-92922\" style=\"width:473px;height:auto\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-Group-512x341.jpg 512w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-Group-300x200.jpg 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-Group-768x512.jpg 768w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-Group-scaled.jpg 825w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><figcaption class=\"wp-element-caption\"><sub><sup>image by Burst<\/sup><\/sub><\/figcaption><\/figure>\n\n\n\n<p>This post will discuss an overview of the Carlyle Group, the firm behind the investment opportunity, CTAC Private Credit\u2019s features, performance, and other significant information.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is Carlyle Group?<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.carlyle.com\/\" target=\"_blank\" rel=\"noopener\">Carlyle<\/a> is a global investment company founded in Washington, D.C. in 1987.<\/p>\n\n\n\n<p>Currently, Carlyle oversees 612 financial vehicles&nbsp;and three business units&nbsp;with roughly&nbsp;$447 billion worth of&nbsp;assets.<\/p>\n\n\n\n<p>The business has 29 offices spread over four continents.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"440\" height=\"95\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/The-Carlyle-Group.svg_.png\" alt=\"The Carlyle Group logo\" class=\"wp-image-92928\" style=\"width:412px;height:auto\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/The-Carlyle-Group.svg_.png 440w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/The-Carlyle-Group.svg_-300x65.png 300w\" sizes=\"(max-width: 440px) 100vw, 440px\" \/><figcaption class=\"wp-element-caption\">     <\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Carlyle Tactical Private Credit Fund Overview<\/h2>\n\n\n\n<p>The Carlyle Tactical Private Credit Fund (CTAC) was kicked off in June 2018.<\/p>\n\n\n\n<p>As of end-November 2024, the fund managed roughly $5.22 billion worth of assets.<\/p>\n\n\n\n<p>A $10,000 minimum commitment is required for CTAC subscriptions, which are accessible on a daily basis. At least 5% of the Fund&#8217;s net assets will be repurchased every quarter.<\/p>\n\n\n\n<p>The asset allocation by strategy includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>35% in direct lending,<\/li>\n\n\n\n<li>29% in opportunistic credit,<\/li>\n\n\n\n<li>17% in structured credit,<\/li>\n\n\n\n<li>15% in liquid credit,<\/li>\n\n\n\n<li>4% in real assets credit.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Geographically, 80% of assets are allocated to North America, while 19.2% is spread across South America, Europe, and Australia.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"512\" height=\"341\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-Tactical-Private-Credit-Fund-geographic-allocation-512x341.jpg\" alt=\"Carlyle Tactical Private Credit Fund north america allocation\" class=\"wp-image-92931\" style=\"width:467px;height:auto\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-Tactical-Private-Credit-Fund-geographic-allocation-512x341.jpg 512w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-Tactical-Private-Credit-Fund-geographic-allocation-300x200.jpg 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-Tactical-Private-Credit-Fund-geographic-allocation-768x512.jpg 768w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-Tactical-Private-Credit-Fund-geographic-allocation-scaled.jpg 825w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><figcaption class=\"wp-element-caption\"><sup><sub>image by RDNE Stock project<\/sub><\/sup><\/figcaption><\/figure>\n\n\n\n<p>Among the top 10 holdings by industry:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>12.3% in software<\/li>\n\n\n\n<li>6.8% in diversified investment vehicles<\/li>\n\n\n\n<li>6.7% in <a href=\"https:\/\/adamfayed.com\/es\/offshore-investment\/offshore-banking\/\">banca<\/a>, <a href=\"https:\/\/adamfayed.com\/es\/finance\/\">finanzas<\/a>, <a href=\"https:\/\/adamfayed.com\/es\/insurance\/\">seguro<\/a>, y <a href=\"https:\/\/adamfayed.com\/es\/investment-options\/real-estate\/\">inmobiliario<\/a><\/li>\n<\/ul>\n\n\n\n<p>88% of the assets\u2019 interest rates are floating; 12% are fixed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Carlyle Tactical Private Credit Fund Performance<\/h2>\n\n\n\n<figure class=\"wp-block-image alignright size-medium\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/01\/Carlyle-Tactical-Private-Credit-Fund-Performance-300x300.webp\" alt=\"Carlyle Tactical Private Credit Fund Performance\" class=\"wp-image-92584\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/01\/Carlyle-Tactical-Private-Credit-Fund-Performance-300x300.webp 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/01\/Carlyle-Tactical-Private-Credit-Fund-Performance-512x512.webp 512w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/01\/Carlyle-Tactical-Private-Credit-Fund-Performance-150x150.webp 150w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/01\/Carlyle-Tactical-Private-Credit-Fund-Performance-768x768.webp 768w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/01\/Carlyle-Tactical-Private-Credit-Fund-Performance-scaled.webp 825w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption class=\"wp-element-caption\">    <\/figcaption><\/figure>\n\n\n\n<p>The CTAC private credit offering logged the following outcomes as per available data as of Jan. 21, 2025:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Carlyle CTAC Fund Class A Shares<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Without sales load<\/strong><\/li>\n<\/ul>\n\n\n\n<p>The fund&#8217;s monthly, quarterly, and year-to-date returns are 0.61%, and its net asset value is $8.52.<\/p>\n\n\n\n<p>The cumulative gain for the fund&#8217;s inception-to-date period is 43.31%; the yearly ITD yield is 5.57%.<\/p>\n\n\n\n<p>The return for the last year is 10.23%, while the annualized return over the last three years is 7.43%.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>With sales load (3%)<\/strong><\/li>\n<\/ul>\n\n\n\n<p>In this case, the initial investment in the fund is trimmed&nbsp;by a 3% sales load that is taken out at the outset.<\/p>\n\n\n\n<p>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%.<\/p>\n\n\n\n<p>The annualized ITD profit is 5.01%, while the cumulative ITD earning is 38.30%.<\/p>\n\n\n\n<p>The three-year annualized return is 6.34%, and the one-year return is 6.92%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Class I Shares<\/h3>\n\n\n\n<p>The NAV is $8.56, slightly higher than the A shares.<\/p>\n\n\n\n<p>The gains from month-, quarter-, and year-to-date all hit 0.64%, indicating steady short-term performance.<\/p>\n\n\n\n<p>Inception-to-date cumulative profit is an impressive 49.06%.&nbsp;This translates into a 6.44% annualized ITD return.<\/p>\n\n\n\n<p>Annualized yield is 7.90% over three years, while one-year profit is 10.69%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Class L Shares<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Without Sales Load<\/strong><\/li>\n<\/ul>\n\n\n\n<p>The fund&#8217;s NAV is $8.52, with consistent MTD, QTD, and YTD gains of 0.73%.<\/p>\n\n\n\n<p>With an annualized ITD return of 5.84%, the fund&#8217;s cumulative return during the ITD&nbsp;term is 43.78%.<\/p>\n\n\n\n<p>Short-term performance remains strong with an annualized yield&nbsp;of 7.32% over three years and a one-year return of 10.07%.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>With Sales Load (3.5%)<\/strong><\/li>\n<\/ul>\n\n\n\n<p>The NAV is also $8.52, but the MTD, QTD, and YTD returns drop to -2.80%.<\/p>\n\n\n\n<p>An annualized ITD payout of 5.25% and a cumulative ITD earning&nbsp;of 38.75% are lower than those of the no-load option.<\/p>\n\n\n\n<p>The annualized return for three years and the return for one year slide to 6.06% and 6.22%, respectively.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"512\" height=\"512\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-Tactical-Private-Credit-Fund-Review-512x512.webp\" alt=\"Carlyle Tactical Private Credit Fund performance\" class=\"wp-image-92937\" style=\"width:310px;height:auto\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-Tactical-Private-Credit-Fund-Review-512x512.webp 512w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-Tactical-Private-Credit-Fund-Review-300x300.webp 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-Tactical-Private-Credit-Fund-Review-150x150.webp 150w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-Tactical-Private-Credit-Fund-Review.webp 600w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><figcaption class=\"wp-element-caption\">   <\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Class M Shares<\/h3>\n\n\n\n<p>The fund\u2019s net asset value is $8.56.<\/p>\n\n\n\n<p>The MTD, QTD, and YTD returns each stood at 0.59%.<\/p>\n\n\n\n<p>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%.<\/p>\n\n\n\n<p>The annualized return over three years is 7.12%, and the return over one year is 9.96%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Class N Shares<\/h3>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>The fund has recorded a 6.82% annualized ITD return and 46.33% cumulative ITD&nbsp;return.<\/p>\n\n\n\n<p>These shares logged a three-year annualized return of&nbsp;8.01% and a profit&nbsp;of 10.77% over one year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Class U Shares<\/h3>\n\n\n\n<p>The NAV of the fund is $8.57.<\/p>\n\n\n\n<p>The year-to-date, quarter-to-date, and month-to-date returns all reached 0.71%.<\/p>\n\n\n\n<p>Inception-to-date gains are 25.87% cumulatively and 10.10% yearly.<\/p>\n\n\n\n<p>The fund had a 9.96% return over the last year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Class Y Shares<\/h3>\n\n\n\n<p>The fund\u2019s NAV is $8.52.<\/p>\n\n\n\n<p>It has 0.62% MTD, QTD, and YTD returns.<\/p>\n\n\n\n<p>The annualized ITD return is 6.13%, and the cumulative ITD return is 46.28%.<\/p>\n\n\n\n<p>The fund&#8217;s one-year return hit 10.18%, and its three-year annualized return reached 7.60%.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"512\" height=\"341\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-CTAC-Private-Credit-Fees-512x341.jpg\" alt=\"Carlyle CTAC Private Credit fees\" class=\"wp-image-92940\" style=\"width:462px;height:auto\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-CTAC-Private-Credit-Fees-512x341.jpg 512w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-CTAC-Private-Credit-Fees-300x200.jpg 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-CTAC-Private-Credit-Fees-768x511.jpg 768w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/02\/Carlyle-CTAC-Private-Credit-Fees-scaled.jpg 825w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><figcaption class=\"wp-element-caption\"><sub><sup>image by Johannes Plenio<\/sup><\/sub><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Carlyle CTAC Private Credit Fees<\/h2>\n\n\n\n<p>The fund&#8217;s managed assets are subject to a management charge of 1%.<\/p>\n\n\n\n<p>Also, after expenses are subtracted, only investment income is subject to a 15% incentive fee.<\/p>\n\n\n\n<p>A 6% performance fee with a 100% catch-up provision will only be assessed if the hurdle rate is reached.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Pros and cons of Carlyle Tactical Private Credit Fund<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The fund has so far had a track record of regular payouts.<\/li>\n\n\n\n<li>Investors can access the private credit market through CTAC, which often offers greater rates vs public markets.<\/li>\n\n\n\n<li>However, CTAC could not have as much liquidity as publicly listed funds because it is an interval fund.<\/li>\n\n\n\n<li>Compared to ordinary investments, private credit investments may be riskier due to their complicated nature, which includes interest rate changes and possible defaults.<\/li>\n\n\n\n<li>Investors should give serious thought to the fees since they may affect total returns.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>\u00bfLe duele la indecisi\u00f3n financiera? <\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"512\" height=\"288\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-512x288.jpg\" alt=\"\" class=\"wp-image-117505\" style=\"width:683px;height:auto\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-512x288.jpg 512w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-300x169.jpg 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-768x432.jpg 768w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-scaled.jpg 825w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/figure>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/es\/become-adams-client\/\">Convi\u00e9rtase en mi cliente<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/es\/good-match-quiz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Realice el cuestionario de elegibilidad de clientes<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/es\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">P\u00f3ngase en contacto con<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Adam es un autor reconocido internacionalmente en temas financieros, con m\u00e1s de 830 millones de respuestas en Quora, un libro muy vendido en Amazon y colaborador de Forbes.<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Carlyle Tactical Private Credit Fund ha tenido un historial de pagos regulares y los inversores pueden acceder al mercado de cr\u00e9dito privado. Sin embargo, CTAC, un fondo a intervalos, podr\u00eda no tener tanta liquidez como los fondos que cotizan en bolsa. Las inversiones en cr\u00e9dito privado pueden ser m\u00e1s arriesgadas que otras opciones.<\/p>","protected":false},"author":14,"featured_media":92945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10166176115445471_100883565069113":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[11534],"tags":[31807,31804,31806,31805],"class_list":["post-92582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-review-articles","tag-carlyle-group","tag-carlyle-tactical-private-credit-fund","tag-ctac","tag-ctac-fund"],"_links":{"self":[{"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/posts\/92582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/comments?post=92582"}],"version-history":[{"count":3,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/posts\/92582\/revisions"}],"predecessor-version":[{"id":92947,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/posts\/92582\/revisions\/92947"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/media\/92945"}],"wp:attachment":[{"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/media?parent=92582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/categories?post=92582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/tags?post=92582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}