Global private equity and venture capital news and research

Kuwaiti conglomerate sues Carlyle over debt fund collapse

1 Dec 2009

US private equity giant Carlyle is being sued by a Kuwaiti conglomerate which lost $50m in the collapse of the firm’s Carlyle Capital Corp debt fund. According to the Financial Times, the National Industries Group has alleged that Carlyle misrepresented the safety of the fund, which collapsed in March 2008 despite investing primarily in government-backed and AAA-rated mortgage securities.

Sorry, to get access to this you need to subscribe for free.

In order to view more content, sign-up to our free daily newsletter.

If you would like to read the premium stories, have complete access to our breaking news and Limited Partner magazine you need to become a Premium Subscriber.

Subscribe to AltAssets today

Login to AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016