The Long Awaited Carlyle IPO

The Carlyle Group is moving along on its plans to go public. The firm has filed for a $100 million IPO (expect the actual total offering amount to be different) with J.P. Morgan, Citigroup and Credit Suisse acting as joint book-running managers. Carlyle plans to use the net proceeds to repay indebtedness and for general corporate purposes. Carlyle will be joining its peers like The Blackstone Group (NYSE: BX) and Kohlberg Kravis Roberts (NYSE: KKR) by going public.