(Corrects paragraph 4 to shares in Apollo, not Carlyle, as
NEW YORK, June 3 The California Public
Employees' Retirement System registered to sell its 4 percent
stake in Carlyle Group LP on Monday, one month after it
moved to sell a quarter of its 8 percent stake in Apollo Global
The sale of Calpers's stake in Carlyle - valued at $373.3
million as of the end of stock market trading on Monday - comes
13 months after Carlyle's initial public offering. Its shares
have risen 34 percent since then.
Calpers, which is the biggest U.S. public pension fund and
is also an investor in many of Carlyle's funds, acquired a 5.5
percent stake in Carlyle in 2001 for $175 million.
Last month Calpers joined Abu Dhabi Investment Authority and
two of Apollo's founders in selling some of its shares in New
Founded in 1987 by David Rubenstein, William Conway and
Daniel D'Aniello, Carlyle had total assets under management of
$176.3 billion as of the end of March, including in private
equity, corporate credit and hedge funds.
Citigroup, Credit Suisse and JPMorgan will serve as the
book-running managers for Calpers's offering.
(Reporting by Greg Roumeliotis in New York; Editing by Leslie