Global alternative asset manager The Carlyle Group L.P. (CG) said the prior announced underwritten public offering of 11.06 million units to be sold by CalPERS has been priced at $27.00 per unit. CalPERS has granted the underwriters a 30-day option to buy up to an additional 1.66 million units.
The sale by CalPERS of the offered common units and the common units subject to the underwriters' option would represent the complete disposition by CalPERS of its 2001 investment in Carlyle. Carlyle would not receive any proceeds from the offering, while CalPERS would receive all of the proceeds. The offering may close on June 11, 2013.
Citigroup, Credit Suisse and J.P. Morgan are serving as the book-running managers for this offering.
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