Eldridge, Carlyle AlpInvest Launch Credit Platform, Close First Fund

Eldridge and Carlyle AlpInvest have closed the inaugural fund in Eldridge's diversified credit platform, Eldridge Diversified Credit Fund I (EDCF I). Additionally, Carlyle AlpInvest and its co-investors have made an equity commitment to Eldridge managed vehicles.

BNP Paribas provided debt financing of up to approximately $1.5 billion in capital, the firms said in a press release. 

"We are pleased to partner with Eldridge on its first diversified credit fund and support this next phase of growth," said Mike Hacker, partner at Carlyle AlpInvest. "Eldridge's highly compelling ...