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."


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...