Court rules that buyout firm CCC’s collapse was caused by unforeseeable events

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Buyout firm Carlyle Group has won a Guernsey lawsuit that alleged it had 

 to save a financial crisis era bond fund.

In 2008, the company’s mortgage bond fund, Carlyle Capital Corp, or CCC, borrowed vast sums from banks to buy $23bn in bonds, then struggled to keep financing the bond portfolio when a deteriorating US housing market spooked its lenders. Investors in the fund lost their entire $945m in capital over CCC’s brief life.

Carlyle wins lawsuit over crisis-era bond fund

Margot Patrick

Carlyle Group

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