Carlyle Capital shares take a tumble

Carlyle group's David Rubenstein looks to help investors that suffered losses.
MAR 14, 2008
Following Carlyle Group affiliate Carlyle Capital Corp. defaulting on $16.6 billion of debt, the company’s co-founder David Rubenstein is looking for ways to assist investors that suffered losses, according to published reports. The Washington-based Carlyle Group is working with commercial banks and exploring legal options to try and recover some of losses, Mr. Rubenstein said in published reports. After Carlyle Group was unsuccessful in reaching an agreement with banks, shares of Carlyle Capital tumbled 70% on March 13 text(InvestmentNews March 13). The Carlyle Group manages $81.1 billion in 60 investment funds across the globe.

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