Anatomy of a Carlyle Collapse
Posted March 15, 2008 
Comments(1)
Comments(1) Interesting article in the WaPo on Friday concerning the final last gasps of the hedge fund known as Carlyle Capital. Just further evidence that this is not the best time to be highly leverage.
Pressure on Banks Left an Ailing Fund Exposed
“I thought we were going to come to a restructuring arrangement where we would invest $400 or $500 million to make it work,” Rubenstein said in an interview yesterday. “We had asked them to freeze . . . for a year, giving us a breathing period, and we would put up a lot of money.”
Then the phones started ringing again.
I was just now looking for information about this when I came upon your blog post. I’m just stopping by to say that I really liked seeing this post, it’s very clear and well written. Are you planning towrite more about this? It seems like there is more depth here for future posts.