PRIVATE equity giant Carlyle Group will launch its long-awaited US flotation once market turbulence calms.
City A.M. understands Carlyle wants to raise hundreds of millions, rather than billions, of dollars from the initial public offering. The figure of $100m listed with the Securities and Exchange Commission is merely a placeholding figure.
Carlyle, which declined to comment, expects the regulatory procedures to take between three and six months and will then make a decision about the date of the IPO, depending on the US market.
Investors’ appetite could be hit by the poor performance of Blackstone, the private equity house whose shares have dropped by a third since late April, but industry insiders expect the stock to rebound based on the returns from its investments.