Carlyle Group Founders to Sell $62 Million Stake in the Company

Jun 2 2015 | 9:56am ET

Carlyle Group co-founders Bill Conway and Dan D’Aniello both plan to sell roughly 2% of their company stakes in the investment firm.

The two private-equity leaders will earn roughly $31 million each, or 1 million shares, from the sale of partnership units, according to a report by Bloomberg. Each own roughly 45 million shares of Carlyle. The firm's third founder, co-chief executive David M. Rubenstein, will not be selling shares.

In addition, the world’s second largest private equity manager said it will be selling 7 million shares to the public. The roughly $217 million in capital raised will be used to repurchase partnership units from executive officers and directors.

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