Deals·October 16, 2026 at 6:30 AM EDT·1 source
Carlyle Buys $7.7 Billion in Consumer Loans as Truist Revamps
TFC +0.0%
TFC · last 30 trading days+6.3% since the news
News
debt, log scale$7.7B
$100M$1B$10B$100B
What happened
- Carlyle agreed to buy $7.7 billion of unsecured personal loans from Truist Financial.
- The transaction is among Carlyle’s largest such deals as it expands into asset-backed credit.
- Truist is revamping its consumer-loan portfolio through the sale.
Loan portfolio value
$7.7 billion
Why it matters
The transaction highlights continued institutional demand for consumer credit assets and portfolio repositioning by banks. It is relevant to private-credit investors, sponsors and financial-sector professionals.
Deal terms
debt
Carlyle Group Inc. → Truist Financial Corp.’s unsecured personal loans
Value
$7.7B
Read more on YouBank
The Newsroom, ranked for your desk
About ninety free sources every ten minutes, one story per event, read for you: bankers, investors, operators and students each get their own desk. Free to start.
Who is involved
financingCarlyle Buys $7.7 Billion in Consumer Loans as Truist RevampsTruist Financial Corp.’s unsecured personal loansTFC · targetCarlyle Group Inc.buyer
CompanyThe deal
Sources (1)
Related
Read more on YouBank
The Newsroom, ranked for your desk
About ninety free sources every ten minutes, one story per event, read for you: bankers, investors, operators and students each get their own desk. Free to start.
- Why it matters to youEvery story matched to your watchlist, your contacts and your pipeline.
- Follow developing storiesAn alert, and a push, the moment a story you follow moves.
- Your briefing, read aloudA few minutes each morning with a chapter per story.
- Brief modeSwipe through the day, a 20-second card each.