Sunday, 24 May 2015
Last updated 2 days ago
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."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…