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WASHINGTON (AP) - Private-equity firm the Carlyle Group LP will for the first time sell shares to the public in one of its investment funds, a person familiar with the matter said Friday.
After a planned initial public offering of stock in June or July, the Carlyle Capital Corp. Ltd. fund, could have up to $1 billion to invest, the source said, speaking on condition of anonymity. The fund, which will focus on mortgage-backed securities, has already raised private capital.
Carlyle plans to list the fund on the Euronext Amsterdam exchange.
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