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.
William Conway , the deal maker who helped build Carlyle Group into the world’s second-biggest private-equity firm, said the company is gearing up for a public share sale to amass permanent capital and contend with the growing challenge of raising money for buyout funds.
Oxford University’s investment chief attacked private-equity funds’ charges, saying firms such as Carlyle Group LP are more interested in collecting fees for managing money than generating top returns for their backers.
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.
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.
Secretary of State Hillary Clinton climbed to the top of a 20-foot cube made of 4,000 packs of Post-it notes Friday night to get a better look at the party in the National Portrait Gallery’s courtyard.