Carlyle to acquire $7.7bn Truist personal loan portfolio
Carlyle has agreed to acquire an approximately $7.7bn portfolio of unsecured personal loans from US bank Truist Financial, expanding the private markets firm’s asset-backed finance activities.
Carlyle has reached an agreement to acquire a $7.7 billion portfolio of unsecured personal loans from US bank Truist Financial. This acquisition will bolster Carlyle's asset-backed finance operations. The loan portfolio primarily consists of seasoned, fixed-rate loans issued to prime and super-prime borrowers, with repayments structured to gradually pay off the outstanding balances.
According to Akhil Bansal, Partner and Head of Asset-Backed Finance at Carlyle, "Banks are increasingly turning to private capital to help manage their balance sheets, and this transaction reflects the scale and specialized underwriting capabilities that Carlyle's asset-backed finance platform brings to those relationships." The deal will be led by Carlyle's Asset-Backed Finance team under its Global Credit platform, which oversees assets valued at around $211 billion as of June 30, 2026.
Completion of the acquisition is anticipated in the fourth quarter of 2026, pending customary closing conditions.
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