Carlyle set to go public despite market turmoil

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 USā€ˆmarket.

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.