Carlyle Group Prepares First Public Offering
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.