Carlyle Group Prepares First Public Offering

Associated Press
Saturday, May 12, 2007

Carlyle Group, a private-equity firm in the District, will for the first time sell shares to the public in one of its investment funds, a person familiar with the matter said yesterday.

After a planned initial public offering of stock in June or July, the Carlyle Capital Corp. Ltd. fund could have up to $1 billion to invest, the source said, speaking on condition of anonymity. The fund, which will focus on mortgage-backed securities, has already raised private capital.

Carlyle plans to list the fund on the Euronext Amsterdam exchange. The group manages $56 billion in 48 different funds.

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