Carlyle to Sell Shares as Calpers Seeks to Exit 4% Stake
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Carlyle Group LP is losing one of its oldest and biggest shareholders as the California Public Employees’ Retirement System plans to exit its 4.1 percent stake.
Carlyle yesterday filed to sell as many as 12.7 million shares, including an over-allotment option of 1.66 million shares, to allow Calpers to exit its stake. Calpers bought 5.5 percent in Carlyle in 2001 for $175 million, according to a person familiar with the deal, before the stake was diluted by share sales.