Thursday, March 13, 2008

Carlyle Group asserts fund losses will not spread

"Carlyle Group, the U.S. private equity firm run by David Rubenstein, said Wednesday that losses at its $16 billion mortgage-bond fund would not hurt the company's 59 other private equity and venture capital funds.

The $150 million credit line Carlyle Group extended to Carlyle Capital Corp. was provided by the firm's executives, not investors in its private equity and venture capital funds, the Washington firm said. The partners own about 15 percent of Carlyle Capital, or CCC."

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