Private Equity

Carlyle Group to abandon partnership structure

Single class of shares could help with inclusion in broad stock indexes

Wednesday 31 July 2019 at 15:53

Carlyle Group said Wednesday it would abandon its partnership structure and become a corporation with a single class of shares, going a step further than private-equity peers that have already converted.

Each of the new Carlyle shares will have one vote, giving greater say to the roughly 30% of shareholders who aren’t insiders at the firm.