Global investment firm, Carlyle (NASDAQ: CG) today announced the acquisition of a
The Monogram platform provides a fully outsourced, end-to-end private student loan solution for lenders. The platform is designed to be flexible and helps lending partners target risk profiles that align with their portfolio objectives. Product offerings include customizable private-label programs, school sales and marketing support, active portfolio management, and loan loss protection. The Monogram management team has been in the private student loan business for more than 30 years, originating and managing over
“There is an opportunity for private markets to fill the gap left by traditional lenders reducing their lending to families to finance their higher education goals,” said
“Monogram has the data and analytics capabilities previously part of First Marblehead and Cognition Financial, and a management team with more than a century of expertise in the student loan industry,” said
“I started in this industry nearly three decades ago and I’ve never been more excited about our future than I am now. Demand for well-structured education finance products is as high as it has ever been,” said
This transaction was led by Carlyle’s Credit Strategic Solutions (“CSS”) team, a group within the Global Credit business focused on private fixed income and asset-backed investments. The highly experienced team leverages the knowledge, sourcing, structuring, and breadth of the entire Carlyle investment platform to deliver tailored asset-focused financing solutions to businesses, specialty finance companies, banks, asset managers, and other originators and owners of diversified pools of assets.
As of