Know your BFEE: The Carlyle Group

[Octafish]

22. Did Carlyle Group ever sell a 10-percent stake to the Chinese?

From DU2:

Carlyle in talks to sell 9.9% management stake to Chinese

Source: Times Online (UK)

Carlyle Group is in talks to sell up to 9.9 per cent of itself to China’s Social Security Fund in a move that would make it the latest American buyout firm to sell a stake in its management company to the Chinese.

The talks, which began over the summer, emerged five months after Blackstone Group, a key rival, sold a 10 per cent stake in itself to the Chinese Government and floated on the New York Stock Exchange.

<snip>

The Social Security Fund, which has about $62 billion of assets, is thought to be keen to tap the vast profits that private equity firms have made in recent years and is said to have also spoken to other suitors.

A deal with the Chinese fund would mark the third sale of a management stake by Carlyle. Previously it has sold small stakes to the California Public Employees’ Retirement System (Calpers) and the Mubadala arm of the Abu Dhabi Government.

Read more: http://business.timesonline.co.uk/tol/business/industry...

Original DU2 thread: http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3047190

Can't get the original due to pay wall and the Waybac won't go there. Odd how this story seems to have dropped off the face of the totalitarian earth.