Carlyle Embraces ABS as the 'New Wave of Private Credit'
Carlyle Group has built its asset-backed financing business to about $7 billion, taking advantage of banks' eagerness to offload some loans and investor demand for new private-credit products, according to Akhil Bansal, who leads ABF strategy at the firm. "This is the new wave of private credit," he tells Sonali Basak on "Bloomberg Markets."