Carlyle raises $450 million to buy corporate debt

04/22/2008 | Washington Post, The

After the high-profile collapse of one of The Carlyle Group's European funds last month, the private-equity firm has announced that it has created a fund to buy corporate debt sold at a discount by banks. Carlyle's $450 million CCP Financing I Ltd. is expected to capitalize on the credit-market turmoil and buy senior secured bank loans and finance them with 12-year debt.

View Full Article in:

Washington Post, The

Published in Brief: