Bloomberg News

Carlyle Said to Return Record $15 Billion Ahead of Going Public

December 28, 2011

Dec. 27 (Bloomberg) -- Carlyle Group LP, the Washington- based private-equity firm planning to go public next year, returned $15 billion to its limited partners during the first three quarters of 2011, the most the firm has ever distributed over a nine-month period, according to an investor.

The amount includes equity plus gains on the capital, said the investor, who asked not to be identified because the information is private. Carlyle deployed $8.2 billion of capital in the first three quarters, the investor said.

Carlyle’s distribution tops the $5.6 billion New York rival KKR & Co. returned to investors in the same period. Carlyle has exited investments including Insight Communications Co., which it agreed to sell to Time Warner Cable Inc. in August for $3 billion, and Kinder Morgan Inc., which raised $2.9 billion in an initial public offering in February.

Carlyle, which was founded in 1987 and oversaw $148 billion in assets as of Sept. 30, is planning to go public next year in what may be the biggest IPO by a private-equity manager since Blackstone Group LP raised $4.75 billion in 2007.

Carlyle’s distribution amount was reported earlier today by the Financial Times.

--Editors: Christian Baumgaertel, Josh Friedman

To contact the reporter on this story: Devin Banerjee in New York at dbanerjee2@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net


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