Carlyle Raises Buyout Fund, MBIA Blames BofA: Financial Business Report

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Carlyle Group (NYSE:CG) is raising $1.1 billion for a United States middle-market buyout fund which will aim at investments of between $25 million and $150 million. Already, the firm has invested in excess of $200 million of the cash, including the acquisition of Sunoco’s 330,000 barrels per day Philadelphia refinery.

MBIA (NYSE:MBI) third quarter earnings are being blamed upon deterioration in its commercial real estate exposures, and also “losses on insured RMBS transactions from ineligible mortgages”. The latter has to do with Bank of America Corporation (NYSE:BAC) not buying back bad paper, in particular. However, the firm remains “confident” it will settle the BofA litigation, and collect the put-back recoverables.

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