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Primary strategy for Carlyle and KKR's student loan portfolio by end of 2024?
4
Resolution / Starting Odds
Refinancing • 25%
Restructuring • 25%
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Press releases and official statements from Carlyle Group and KKR
Story
Carlyle and KKR Beat Rivals to Win $10 Billion Discover Financial Student Loan Portfolio
Jun 27, 2024, 02:00 AM
Carlyle Group and KKR have successfully won an auction, beating rivals, to acquire a $10 billion student loan portfolio from Discover Financial Services. This acquisition marks one of the largest loan portfolio sales of the year. The portfolio primarily consists of student loans previously managed by Discover Financial Services. The two private equity firms are near a deal to take control of the portfolio.
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