Carlyle Tactical Private Credit Fund
Name
As of 10/13/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$1.84 B
Holdings in Top 10
19.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 4.34%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 31.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$25,000
IRA
$25,000
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 10/13/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TAKNX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 6.65%
- Dividend Yield 10.4%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameCarlyle Tactical Private Credit Fund
-
Fund Family NameCarlyle Group
-
Inception DateAug 03, 2020
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLinda Pace
Fund Description
TAKNX - Performance
Return Ranking - Trailing
Period | TAKNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -13.8% | 8.2% | 7.74% |
1 Yr | N/A | -12.4% | 23.7% | 6.04% |
3 Yr | N/A* | -17.8% | 18.2% | 1.46% |
5 Yr | N/A* | -13.6% | 14.9% | N/A |
10 Yr | N/A* | -13.6% | 6.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | TAKNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -12.0% | 15.7% | 44.05% |
2022 | N/A | -31.8% | 18.4% | 25.99% |
2021 | N/A | -26.6% | 25.7% | 2.13% |
2020 | N/A | -49.2% | 18.7% | N/A |
2019 | N/A | -35.1% | 15.3% | N/A |
Total Return Ranking - Trailing
Period | TAKNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -13.8% | 8.2% | 7.74% |
1 Yr | N/A | -12.4% | 23.7% | 6.04% |
3 Yr | N/A* | -17.8% | 18.2% | 1.46% |
5 Yr | N/A* | -13.6% | 14.9% | N/A |
10 Yr | N/A* | -13.6% | 6.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | TAKNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -7.0% | 22.2% | 0.62% |
2022 | N/A | -31.8% | 21.1% | 9.03% |
2021 | N/A | -13.5% | 49.9% | 3.93% |
2020 | N/A | -28.6% | 24.1% | N/A |
2019 | N/A | -4.8% | 19.1% | N/A |
NAV & Total Return History
TAKNX - Holdings
Concentration Analysis
TAKNX | Category Low | Category High | TAKNX % Rank | |
---|---|---|---|---|
Net Assets | 1.84 B | 2.53 M | 143 B | 29.39% |
Number of Holdings | 617 | 4 | 9868 | 41.25% |
Net Assets in Top 10 | 355 M | -1.57 B | 65.8 B | 38.20% |
Weighting of Top 10 | 19.33% | 0.7% | 170.6% | 73.84% |
Top 10 Holdings
- Neptune Bidco US Inc 2nd Lien Term Loan 2.30%
- Rome Bidco Limited GBP Term Loan 2.27%
- STIF 2.23%
- RF International Sub 2 Limited GBP Mezzanine Term Loan 2.06%
- Tank Holding Corp. 2022 Term Loan 1.99%
- Kaseya Inc. 2022 Term Loan 1.90%
- PROPULSION (BC) PREFCO SARL 1.75%
- 11852604 Canada Inc. PIK Term Loan 1.74%
- ATHENA S.P.A. 1.61%
- Cordstrap Holding B.V EUR PIK Facility B 1.48%
Asset Allocation
Weighting | Return Low | Return High | TAKNX % Rank | |
---|---|---|---|---|
Bonds | 131.00% | -150.81% | 203.29% | 5.63% |
Preferred Stocks | 7.33% | 0.00% | 30.46% | 0.91% |
Cash | 2.23% | -94.66% | 258.91% | 63.77% |
Stocks | 0.48% | -1.60% | 99.88% | 47.79% |
Other | 0.21% | -62.91% | 100.00% | 67.43% |
Convertible Bonds | 0.00% | 0.00% | 33.50% | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | TAKNX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | N/A |
Technology | 0.00% | 0.00% | 28.30% | N/A |
Real Estate | 0.00% | 0.00% | 100.00% | N/A |
Industrials | 0.00% | 0.00% | 100.00% | N/A |
Healthcare | 0.00% | 0.00% | 18.60% | N/A |
Financial Services | 0.00% | 0.00% | 100.00% | N/A |
Energy | 0.00% | 0.00% | 100.00% | N/A |
Communication Services | 0.00% | 0.00% | 100.00% | N/A |
Consumer Defense | 0.00% | 0.00% | 99.97% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 89.95% | N/A |
Basic Materials | 0.00% | 0.00% | 100.00% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | TAKNX % Rank | |
---|---|---|---|---|
Non US | 0.24% | -0.13% | 17.73% | 8.07% |
US | 0.24% | -1.47% | 99.88% | 50.84% |
Bond Sector Breakdown
Weighting | Return Low | Return High | TAKNX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 2.23% | 0.00% | 88.14% | 53.74% |
Derivative | 0.21% | -62.91% | 37.37% | 30.08% |
Securitized | 0.00% | 0.00% | 99.65% | N/A |
Corporate | 0.00% | 0.00% | 96.66% | N/A |
Municipal | 0.00% | 0.00% | 54.26% | N/A |
Government | 0.00% | 0.00% | 99.43% | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | TAKNX % Rank | |
---|---|---|---|---|
US | 110.14% | -151.11% | 203.29% | 8.37% |
Non US | 20.86% | 0.00% | 67.77% | 19.18% |
TAKNX - Expenses
Operational Fees
TAKNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 4.34% | 0.01% | 20.67% | 1.97% |
Management Fee | 1.29% | 0.00% | 2.29% | 93.50% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
TAKNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
TAKNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
TAKNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 31.00% | 0.00% | 632.00% | 7.35% |
TAKNX - Distributions
Dividend Yield Analysis
TAKNX | Category Low | Category High | TAKNX % Rank | |
---|---|---|---|---|
Dividend Yield | 10.43% | 0.00% | 23.30% | 6.79% |
Dividend Distribution Analysis
TAKNX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
TAKNX | Category Low | Category High | TAKNX % Rank | |
---|---|---|---|---|
Net Income Ratio | 6.65% | -1.55% | 11.51% | 5.26% |
Capital Gain Distribution Analysis
TAKNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jan 02, 2024 | $0.219 | OrdinaryDividend |
Oct 03, 2023 | $0.225 | OrdinaryDividend |
Jul 05, 2023 | $0.220 | OrdinaryDividend |
Apr 04, 2023 | $0.226 | OrdinaryDividend |
Jan 04, 2023 | $0.215 | OrdinaryDividend |
Oct 04, 2022 | $0.182 | OrdinaryDividend |
Jul 05, 2022 | $0.156 | OrdinaryDividend |
Apr 04, 2022 | $0.156 | OrdinaryDividend |
Jan 04, 2022 | $0.165 | OrdinaryDividend |
Oct 04, 2021 | $0.161 | OrdinaryDividend |
Jul 02, 2021 | $0.159 | OrdinaryDividend |
TAKNX - Fund Manager Analysis
Managers
Linda Pace
Start Date
Tenure
Tenure Rank
May 15, 2020
2.04
2.0%
Linda Pace is a Managing Director of Carlyle and the Global Head of Loans & Structured Credit as well as the President of Direct Lending. She is a voting member of the PAAC. Previously, she was responsible for portfolio management for Carlyle High Yield Partners, deploying capital into the U.S. market in cash and synthetic form. Prior to joining Carlyle, Ms. Pace spent 10 years with BHF-Bank AG, where she was co-head of the bank’s Syndicated Loan group in New York. She invested in leveraged loans on behalf of the bank’s $2 billion on-balance sheet portfolio, as well as their $400 million Collateralized Loan Obligation funds. Prior to that, Ms. Pace worked at Société Générale as a Corporate Credit Analyst. Ms. Pace received her undergraduate degree in French from Douglass College and her M.B.A in finance from New York University.
Brian Marcus
Start Date
Tenure
Tenure Rank
May 15, 2020
2.04
2.0%
Brian Marcus is a Principal in Carlyle Global Credit. He is based in New York. Mr. Marcus is a Portfolio Manager for the Fund and also focuses on strategic growth opportunities for the Global Credit platform. He helped develop TCG Capital Markets, a SEC-registered broker/dealer affiliate of The Carlyle Group and has been involved in acquisitions of credit management platforms. Prior to coming to Carlyle, Mr. Marcus was with Morgan Stanley in the Principal Investments area, which used the firm’s capital in a diverse array of investments including private equity, distressed debt, and mezzanine. In this role, Mr. Marcus served as a director on a number of Boards. Previously, Mr. Marcus worked at Lehman Brothers in the mergers and acquisitions group. He received a B.S. in economics from the Wharton School of the University of Pennsylvania and currently holds Series 7, 55, and 63 licenses.
Justin Plouffe
Start Date
Tenure
Tenure Rank
May 15, 2020
2.04
2.0%
Justin Plouffe is a Managing Director and the Deputy Chief Investment Officer of Carlyle Global Credit. He is a Director of the Adviser and a voting member of the PAAC. Mr. Plouffe focuses on investing in Carlyle’s structured credit and opportunistic credit strategies, as well as capital formation and management of the overall credit platform. Since joining Carlyle in 2007, he has overseen CLO new issuance, led acquisitions of corporate credit management platforms, served as a portfolio manager for structured credit investments, developed proprietary portfolio management analytics and negotiated a wide variety of financing facilities. Prior to joining Carlyle, Mr. Plouffe was an attorney at Ropes & Gray LLP. He has also served as a clerk on the U.S. Court of Appeals for the First Circuit and as a legislative assistant to a U.S. Congressman. Mr. Plouffe received his undergraduate degree from Princeton University and his J.D. from Columbia Law School, where he was an editor of The Columbia Law Review. He is a CFA charterholder, holds Series 7, 24, 57, 63, 79 and 99 licenses, and is associated with TCG Capital Markets L.L.C., the SEC-registered broker/dealer affiliate of The Carlyle Group.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.72 | 3.19 |