Carlyle Group Expands into Student Loan Market with $415 Million Portfolio Acquisition

Carlyle Group has acquired a $415 million student loan portfolio from Truist Bank, expanding into the student loan market. This acquisition follows Carlyle's investment in student loan firm Monogram. Traditional lenders have been reducing their lending to families for financing higher education, creating an opportunity for private markets to fill the gap. Carlyle aims to partner with Monogram to manage student loans from private lenders.