Carlyle Group LP, the world’s second-largest private-equity firm by assets, filed to register almost 264 million common units that could be issued to company executives in the future, according to a regulatory filing.
Carlyle Group LP’s three founders received at least $135 million each in 2012, almost all from dividends on their ownership stakes and distributions on personal investments made in Carlyle funds before the private- equity firm went public in May.
Carlyle Group LP, the world’s second-biggest private-equity firm by assets, is lowering the minimum a person can invest in a new buyout-focused fund as it seeks to expand its number of so-called limited partners.
As Carlyle Group LP’s management fanned out across the globe over the past two weeks to pitch its initial stock sale, the man whose business is critical to the firm’s success as a public company was at his desk in New York.
Carlyle Group, pressing ahead with plans for an initial public offering, is meeting privately with analysts to convince them the buyout firm is worth at least as much as its most richly valued competitor, Blackstone Group LP.
Carlyle Group LP is seeking to raise as much as $762.5 million in an initial public offering that would give the Washington-based private-equity firm less than half the market value of Blackstone Group LP.
David Rubenstein, co-chief executive officer of Carlyle Group LP, said a leveraged buyout of the size being considered for computer maker Dell Inc. is hard to make profitable and the track record of such deals isn’t good.
Carlyle Group LP, the Washington- based private-equity firm that went public this year, acquired a 47.5 percent revenue interest in energy investor NGP Energy Capital Management for $424 million as it builds its natural- resources business.