Market Chatter: Carlyle Group, KKR Top Bidders for Discover Financial's $10 Billion US Student Loan Portfolio

MT Newswires Live06-20

Carlyle Group (CG) and KKR (KKR) are the top bidders for Discover Financial's (DFS) $10 billion US student loan portfolio, the Financial Times reported on Thursday, citing people familiar with the matter.

The two private equity firms collaborating on their bid reflects these firms' interest to expand their appetite for credit, the report said.

Other private equity firms, including Ares, Blackstone, Brookfield, Fortress, and Oaktree, also considered bidding on the portfolio, the report added.

Carlyle, Discover Financial and KKR did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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