Carlyle Group holding crisis talks in New York
Executives of the Washington, DC-based Carlyle Group are holding crisis talks in New York today over the fate of their Carlyle Capital Corp. affiliate, as pressure mounts from creditors over the company's investments in US mortgages.
Carlyle Group, the world's second- biggest buyout firm, sold another $1.8 billion of China Pacific Insurance Co. shares, continuing its exit from the five- year investment.