Why Carlyle is making big private credit investments in Hollywood companies like ‘Bohemian Rhapsody’ producer New Regency

Carlyle, the Washington DC-based private-equity and credit giant, closed a $175 million term loan this summer to New Regency, an independent production company whose library includes more than 100 films from “12 Years A Slave” and “Bohemian Rhapsody” to “Mr. & Mrs. Smith.”

The financing came from Carlyle’s global credit division, which managed $150 billion in assets last year and over the past five years has deployed some $3.6 billion in sports, media, and entertainment.