Carlyle Capital Corporation said on Monday it had requested a standstill agreement with its lenders after some of them liquidated almost a quarter of the Amsterdam-listed fund’s $21bn of residential mortgage-backed securities.

The Carlyle Group’s ill-judged foray into the public markets to launch CCC, a heavily-leveraged fund that invested in AAA-rated mortgage securities, is hanging in the balance after it received $400m more margin calls from lenders.