Carlyle Secured Lending(CGBD) - 2023 Q1 - Quarterly Report

On November 3, 2020, we and Cliffwater Corporate Lending Fund ("CCLF") entered into a limited liability company agreement to comanage Credit Fund II, a Delaware limited liability company that is not consolidated in our consolidated financial statements. Credit Fund II is managed by a four-member board, on which we and CCLF have equal representation. We and CCLF have 84.13% and 15.87% economic ownership of Credit Fund II, respectively. By virtue of our respective membership interests, we and CCLF each indire ...