Carlyle Group

The Carlyle Group is an international private investment fund with offices in 21 countries worldwide. The company has four main divisions, pursuing investments in leveraged buyouts, venture capitalism, real estate and leveraged finance.

In March of 2008, Carlyle subsidiary Carlyle Capital defaulted in $16.6 billion of debt due to the ongoing subprime mortgage crisis. The rest of the Carlyle family was largely unaffected by the fund's obligation, save a $150 million revolving line of credit.Bloomberg.com: Carlyle Capital Nears Collapse as Rescue Talks Fail (March 13, 2008)

• Official Site: The Carlyle Group Media Room
• Topix.net: Carlyle Group
• Google News: Carlyle Group
• Reuters: Carlyle Capital in default, on brink of collapse (March 13, 2008)
• Bloomberg.com: Treasuries Gain as Carlyle Group Fails to Reach Lender Accord (March 13, 2008)

• Associated Press: Banks to Seize Carlyle Capital Assets (March 13, 2008)
  • About $5.7 billion of the $16.6 billion total debt has been sold off, but the company is not saying what will be done with the rest. The stock, which was available initially in July at $19 a share, has dropped to 18 cents on the Euronext exchange.

• WashingtonPost.com: Carlyle Founders Consider Cash Infusion (March 11, 2008)