09:54 AM EDT, 09/17/2024 (MT Newswires) -- Carlyle Group ( CG ) said Tuesday it has agreed to buy up to $300 million in equity sharing home loans from Unison and to make a strategic investment in the company.

Unison's new equity sharing home loan combines home loans with equity sharing agreements, allowing homeowners to convert home equity into cash with low monthly payments, Carlyle said.

Carlyle shares were 1.5% higher in recent trading.

Price: 41.00, Change: -0.08, Percent Change: -0.19