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Carlyle to seek $8 billion in stock float - report

The Carlyle Group, a global asset manager that oversees some $150 billion in investments, aims to raise up to $8 billion in its upcoming share offer.

The firm has yet to announce a date for its initial public offering.

The New York Times cited an unnamed source as saying that Carlyle was aiming to raise $7.5-$8 billion from the listing of a 10% stake.

Carlyle announced plans for its IPO in September after an original move in 2007 but its plans were derailed by the global financial crisis.

With its IPO, Carlyle will join an array of private-equity giants that have listed on the stock market in recent years, including Blackstone, KKR, Fortress Investment Group and Apollo Global Management.

Founded in 1987, Carlyle has expanded beyond its roots as a private-equity firm to encompass real estate funds, hedge funds and other kinds of investment vehicles. It now boasts more than 1,400 investors from 72 countries.