Private equity giant Carlyle Group is planning an IPO to build capital to fund more buyouts.

"There will be significant advantages to having a lot more capital," CEO William Conway told Bloomberg Businessweek. "Investors are reducing commitments to funds and making economic terms much less attractive."

The company is planning to file papers in late 2011, with the IPO taking place the following year.

Private equity companies are struggling to raise funds for buyouts as the financial crisis has made investors more risk averse. Buyout firms raised $71 billion from investors through the third quarter, putting them on track to have their worst fund-raising year since 2004, Bloomberg Businessweek said.

Carlyle has been considering an IPO since at least June 2007, when Blackstone Group (BX) sold shares. When the financial crisis hit, Carlyle put the IPO plans on hold and sold a 7.5% stake to Mubadala Development Co., an arm of the Abu Dhabi government.

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johndson

The Carlyle Group?? You mean the company funded by $11 billion from the UAE? The company that hired George H.W. Bush as it's Chairman when his son was president, and then magically became the 9th largest US defense contractor? The same Carlyle Group that buys stuff in the US for their UAE investors because the UAE is not allowed to own things in the US, because they support the destruction of Isreal, allow terriorists groups to use their banking system and protect their identy and whereabouts? The same Carlyle Group that George Bush wanted to "police" our port security? THAT Carlyle Group?? Why not have the IPO in Iran? Or let them continue to operate with UAE money? I think this company should be hauled into court for war profiteering, aiding and abeting terriorists, treason, and posing as a front for terriorists who want to own US property. Screw the Carlyle Group!

December 06 2010 at 11:02 AM Report abuse +1 rate up rate down Reply