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.