Deals·October 19, 2026 at 5:16 AM EDT·1 source
Carlyle to acquire $7.7bn Truist personal loan portfolio
TFC +0.0%
TFC · last 30 trading days+2.9% since the news
News
acquisition, log scale$7.7B
$100M$1B$10B$100B
What happened
- Carlyle agreed to acquire an approximately $7.7bn portfolio of unsecured personal loans from Truist Financial.
- The portfolio primarily comprises seasoned, fixed-rate loans to prime and super-prime borrowers, with balances amortising over time.
- Completion is expected in the fourth quarter of 2026, subject to customary closing conditions.
Portfolio value
approximately $7.7bn
Carlyle Global Credit assets under management
approximately $211bn
Expected completion
fourth quarter of 2026
Why it matters
The transaction highlights private capital’s growing role in bank balance-sheet management and expands Carlyle’s asset-backed finance exposure to consumer credit. It is relevant to private-credit and financial-services professionals evaluating loan-portfolio opportunities.
What to watch. Completion in the fourth quarter of 2026, subject to customary closing conditions.
Deal terms
acquisition
Carlyle → Truist Financial personal loan portfolio
Value
$7.7B
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Timeline
- EarlierOct 16Carlyle Buys $7.7 Billion in Consumer Loans as Truist Revamps
- EarlierOct 16Truist Financial Corp.: Results of operations
- EarlierOct 16Truist Financial Corp.: Executive or director change
- First reported by Private Equity WireOct 19Carlyle to acquire $7.7bn Truist personal loan portfolio
Who is involved
acquiringCarlyle to acquire $7.7bn Truist personal loan portfolioTruist Financial personal loan portfolioTFC · targetCarlylebuyerAkhil Bansal
CompanyPersonThe deal
Sources (1)
- Private Equity WireOct 19Carlyle to acquire $7.7bn Truist personal loan portfolio
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