Debevoise & Plimpton LLP has advised Carlyle (NASDAQ: CG) in the formation of its second Carlyle Credit Opportunities Fund (“CCOF II”), a $4.6 billion fund focused on providing capital solutions to companies seeking an alternative to traditional capital markets or private equity. CCOF II hit its hard cap, exceeding its $3.5 billion target and attracting almost double the amount raised for its predecessor fund.  For more information, please see the company’s press release.

The Debevoise team was led by investment management partner Jonathan Adler and tax partner Erin Cleary and included investment management associates Nicholas Cruz, Luke Eldridge, Michael Pan and Gabriel Pollack and law clerk Ilana Madorsky, tax partner Peter Schuur and associates Jay Evans and David Rock, corporate staff attorney Natasha Alexis and senior corporate transactions manager Elizabeth Pena.