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.
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-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.
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, 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.
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.