Carlyle acquired a $415M private student loan portfolio, and strategic investment into Monogram, a leading provider of finance solutions for students and their families. Led by the former management team of Cognition Financial and backed by Carlyle, Monogram will partner with Carlyle to originate, acquire, and manage high-quality third-party private student loan assets. The Monogram platform provides a fully outsourced, end-to-end private student loan solution for lenders. Monogram currently has more than $7B in private student loans under management.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CG:
- Carlyle Announces Acquisition of $415 Million Private Student Loan Portfolio and Strategic Investment in Monogram
- Carlyle downgraded to Neutral from Buy at Citi
- Carlyle price target raised to $36 from $31 at Jefferies
- Carlyle price target raised to $46 from $38 at Barclays
- Carlyle initiated with a Market Perform at TD Cowen
