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Carlyle Buys $7.7 Billion in Consumer Loans as Truist Revamps

Bloomberg Markets·October 16, 2026·1 min read

Carlyle Group Inc. agreed to buy $7.7 billion of unsecured personal loans from Truist Financial Corp., one of the asset manager's largest such deals as it expands into asset-backed credit. The transaction bolsters Carlyle's push into consumer lending, adding a substantial portfolio to its credit arm. Financial terms beyond the loan value were not disclosed.

Read at Bloomberg Markets
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