Carlyle debt fund gets $100m loan after mortgage misery

The Carlyle Group, the US buyout firm, has put aside a $100m (€74m) loan to help ensure that the fixed income fund it floated less than two months ago can meet its margin calls after being hit by shockwaves from the US mortgage-backed debt crisis.

Carlyle Capital Corp, which raised roughly $300m in a cut-price and downsized flotation on Euronext early last month, revealed in a statement today that the fair value of its underlying assets "has declined due to diminished demand for these securities in the market".

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump