Carlyle to support board diversity via $4.1bn ESG-linked credit facility
The $246 billion investment firm The Carlyle Group has secured the largest ESG-linked private equity credit facility in the U.S. with $4.1 billion to support its Americas corporate private equity funds.
The structure of this first-of-its-kind revolving credit facility that was led by Bank of American and involved a consortium of financial institutions is tied to the Carlyle’s goal of having 30% diverse directors on the boards of Carlyle controlled companies within two years of ownership. Carlyle said it plans to continue its efforts to work closely with its portfolio . . .
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