Carlyle Group is set to join the growing ranks of publicly traded private equity firms, filing an initial public offering worth up to $100m, although the amount of the offering is likely to change before the company's stock actually prices.

In a press release, the Washington firm said it will use the proceeds to repay indebtedness and for general corporate purposes, including general operational needs, growth initiatives, acquisitions and strategic investments and to fund capital commitments to, and other investments in and alongside of, its funds.