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Calpers Plans To Sell Entire 4% Stake In Carlyle Group LP-Reuters

Monday, 3 Jun 2013 10:26am EDT 

Reuters reported that The California Public Employees' Retirement System (Calpers) plans to sell its entire 4% stake in Carlyle Group LP as the U.S. public pension fund plans its exit from the private equity manager after 12 years. The sale of the stake in Carlyle valued at $373.3 million as of the end of stock market trading on, comes 13 months after Carlyle's initial public offering. Its shares have risen 34% since then. Alternative asset managers such as Carlyle and Apollo Global. 

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