Key Takeaways
- • Carlyle has agreed to acquire an approximately $7.7bn portfolio of unsecured personal loans from US bank Truist Financial, expanding its asset-backed finance activities.
- • The portfolio consists primarily of seasoned, fixed-rate loans to prime and super-prime borrowers, with repayments structured to amortise balances over time.
- • The transaction is led by Carlyle's Asset-Backed Finance team within its Global Credit platform, which managed approximately $211bn in assets as of 30 June 2026.
- • Completion is expected in the fourth quarter of 2026, subject to customary closing conditions.
Summary
Carlyle has agreed to acquire an approximately $7.7bn portfolio of unsecured personal loans from US bank Truist Financial, according to the publisher's report. The deal extends the private markets firm's asset-backed finance activities into consumer credit.
The portfolio comprises primarily seasoned, fixed-rate loans made to prime and super-prime borrowers. Repayments are structured to amortise the outstanding balances over time, a profile that the report presents as central to the transaction's credit characteristics.
Akhil Bansal, Partner and Head of Asset-Backed Finance at Carlyle, said that banks are increasingly turning to private capital to manage their balance sheets. He said the transaction reflects the scale and specialised underwriting capabilities of Carlyle's asset-backed finance platform, and that it underscores the firm's ability to commit capital and execute at scale, as well as its conviction in high-quality consumer credit.
The transaction will be led by Carlyle's Asset-Backed Finance team within its Global Credit platform, which managed approximately $211bn in assets as of 30 June 2026. The strategy provides financing solutions to businesses and financial institutions and acquires portfolios of loans and other financial assets. Completion is expected in the fourth quarter of 2026, subject to customary closing conditions.
The portfolio comprises primarily seasoned, fixed-rate loans made to prime and super-prime borrowers. Repayments are structured to amortise the outstanding balances over time, a profile that the report presents as central to the transaction's credit characteristics.
Akhil Bansal, Partner and Head of Asset-Backed Finance at Carlyle, said that banks are increasingly turning to private capital to manage their balance sheets. He said the transaction reflects the scale and specialised underwriting capabilities of Carlyle's asset-backed finance platform, and that it underscores the firm's ability to commit capital and execute at scale, as well as its conviction in high-quality consumer credit.
The transaction will be led by Carlyle's Asset-Backed Finance team within its Global Credit platform, which managed approximately $211bn in assets as of 30 June 2026. The strategy provides financing solutions to businesses and financial institutions and acquires portfolios of loans and other financial assets. Completion is expected in the fourth quarter of 2026, subject to customary closing conditions.
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