The collision of global markets and social mood

Tuesday, September 6, 2011

Carlyle Pulls The Rip Cord

Bloomberg reports that the Carlyle Group just filed for an IPO. Hallelujah. You know you're as high as you're gonna get when Private Equity is trying to jump from the plane.

I bolded my favorite two things in this article.

"Carlyle co-founder William Conway told Bloomberg News last year that the firm was gearing up for a public share sale to amass permanent capital. The offering will also help create an exit for Carlyle’s co-founders and help it compete with Blackstone, whose assets have surged 43 percent year-over-year to a record $159 billion."

1) Only the Smartest Guys In The Room could come up with an idea as obtuse as "permanent capital"

2) When even the PE guys want to ensure their exit to safety, start looking for a crash


"The firm has been talking to analysts and investors since at least June to convince them that it is the right time to buy Carlyle stock."

I bet it has.

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