Carlyle To Ready IPO Next Year

Dec 7 2010 | 1:09am ET

The Carlyle Group will go public in 2012, according to published reports.

The private equity giant, which has nearly $100 billion in assets, plans to file for an initial public offering at the end of next year. The Washington, D.C.-based firm's shares would not begin trading until the following year.

"We have not made any decisions regarding if or when we might go public," spokesman Christopher Ullman told Reuters. Little over a year ago, Ullman said any IPO was "a long way off."

But while Ullman was reticent about a possible IPO, Carlyle co-founder William Conway seems quite certain. He told Bloomberg News that Carlyle plans to sell some sort of public shares to build up a kitty of permanent capital immune to the vicissitudes of fickle investors.

"There will be significant advantages to having a lot more capital," he said. "Investors are reducing commitments to funds and making economic terms much less attractive."

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