Carlyle to acquire $7.7bn consumer loan portfolio from Truist
Friday, October 16, 2026 · first reported by Alternative Credit Investor
Truist is selling Carlyle a pool of unsecured consumer loans valued at $7.7bn (£5.8bn). Carlyle's asset-backed finance (ABF) business is expanding through the purchase. Most of the loans carry fixed rates, amortise fully and were made to prime and super-prime borrowers.
The deal is being run by the ABF team within Carlyle's Global Credit platform. Akhil Bansal, partner and head of ABF, said banks increasingly use private capital to manage their balance sheets. Completion is expected in the fourth quarter of 2026.
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