By Anthony Hughes and Olivia Oran
March 15 Carlyle Group LP shares were
sold in an unregistered block trade for $30.75 each late on
Thursday, a 5 percent discount to the closing price in regular
market trading, sources familiar with the matter said on
An unspecified Carlyle investor sold five million shares
through Deutsche Bank AG, the sources said.
California Public Employees' Retirement System (CalPERS)
held 12.7 million shares in Carlyle as of Dec. 31, according to
a regulatory filing. This represents 29.4 percent of Carlyle
Waddell & Reed Investment Management held 11.1 million
shares as of Dec. 31, which represents 25.7 percent of shares
The third largest outside shareholder, Baron Capital
Management, held 4.3 million shares as of Dec. 31.
CAlPERS declined to comment. Waddell & Reed and Baron
Capital Management did not respond to a request for comment.
A Carlyle spokesman declined to comment, while a Deutsche
Bank spokeswoman did not respond to a request for comment.
Stock market regulations do not allow Carlyle employees to
sell shares in the firm for up to one year after the firm's
initial public offering, which took place in May 2012.
On Friday, Carlyle said Michael Arpey, head of its fund
investor relations; David Marchick, head of global external
affairs; and Mitch Petrick, head of global market strategies,
had joined its management committee, expanding its membership
from six people to nine.
David Rubenstein, William Conway and Daniel D'Aniello, who
founded Washington, D.C.-based Carlyle in 1987 and are now in
their sixties, each own 15.4 percent of Carlyle. [ID:
Carlyle shares were down 6.5 percent at $30.27 in afternoon
trading in New York on Friday after closing at $32.37 on