Carlyle Group and KKR win $10bn student loan portfolio auction from Discover Financial.
Carlyle Group and KKR have won a $10bn student loan portfolio auction from Discover Financial, beating a rival bid by Sixth Street, BlackRock, and Canada Pension Plan Investment Board. Discover Financial has been looking for a buyer for the business since last year and is set to be acquired by Capital One in a $35bn deal. The sale will allow Carlyle to originate loans backed by various collateral.
June 26, 2024
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