FX.co ★ Carlyle, KKR Partnerships To Acquire Approx. $10.1 Bln Prime Student Loan Portfolio From Discover

Carlyle (CG) and KKR (KKR) have jointly announced the formation of a strategic partnership involving funds and accounts managed by their respective credit businesses. This partnership has agreed to acquire a portfolio of prime student loans valued at approximately $10.1 billion from Discover Financial Services (DFS).

Carlyle's investment in this portfolio is spearheaded by its Credit Strategic Solutions team, which operates within its Global Credit division. On the other hand, KKR's investment is primarily drawn from its asset-based finance strategy along with other credit vehicles and accounts.