Carlyle Group Plans Public Offering
SEC filing will give an unprecedented look at the tight-lipped company's finances.
| Posted Tuesday, Sept. 6, 2011, at 12:28 PM ET
The Carlyle Group, the Washington, D.C.-based private equity firm, filed paperwork with federal regulators on Tuesday indicating the company's plans to make an initial public stock offering. The firm, which is famous for its secrecy, manages about $150 billion in assets, the Washington Post reports.
The Securities and Exchange Commission filing did not indicate when the company plans to go public, but the move sets in motion a series of mandated disclosures Carlyle must make if it wishes to become a public company. The disclosures, which the SEC requires for its public offering review process, will provide investors with an unprecedented look at the tight-lipped company's finances.
Carlyle's plans for a public offering follows similar transitions by other major American private equity firms, including the Blackstone Group and Kohlberg Kravis & Roberts.
Through its business holdings around the world, the firm has more than 500,000 employees. Carlyle's investment portfolio includes 270 companies and properties worldwide.
