Business · Companies · 1 hr ago
Carlyle agrees to buy $7.7 billion in Truist personal loans
Carlyle agreed to buy about $7.7 billion in loans from Truist Financial Corporation.
The portfolio is made up of unsecured personal loans, mainly fixed-rate loans that are paid off over time.
The loans are held by customers with excellent or very good credit histories.
The deal reflects a wider trend of banks turning to private investment firms to help manage their balance sheets.
The sale comes as Truist restructures its business; the bank also said consumer and small-business banking head Dontá Wilson will leave on December 31.
Truist said Steve Boland will join as a vice-president to support its strategy, but no timeline for completing the loan sale was given.
Carlyle agreed to acquire a portfolio of Truist personal loans valued at about $7.7 billion.
The portfolio consists mainly of fixed-rate, fully amortizing unsecured loans to customers with excellent or very good credit histories.
Carlyle said the portfolio is a consolidated group of consumer loans.
The announcement came as Truist was restructuring its business.
Truist also said consumer and small-business banking head Dontá Wilson would leave on December 31 and that Steve Boland would join as vice president.
- Who
- Carlyle and Truist Financial Corporation.
- What
- Carlyle agreed to acquire Truist’s unsecured personal-loan portfolio, valued at about $7.7 billion.
- When
- Friday, the 16th. The article was published on October 20, 2026.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Carlyle announced a definitive agreement to acquire Truist’s personal-loan portfolio.
Truist said Dontá Wilson would leave the bank on December 31 and that Steve Boland would join as vice president.
Dontá Wilson is due to leave Truist.
- Portfolio value
- Approximately $7.7 billion
- Loan type
- Unsecured personal loans
- Borrower credit
- Excellent or very good credit histories
- Wilson’s departure
- December 31
What people are saying
Banks are increasingly turning to private capital to help manage their balance sheets, and this transaction reflects the scale and specialized underwriting capabilities that Carlyle’s asset-based finance platform brings to these relationships