Oaktree Capital Group’s public market debut yesterday won’t help fellow private equity peer, The Carlyle Group in its own quest to go public sometime in the next few weeks.

Oaktree's stock opened at $41 a share on the New York Stock Exchange, below the $43 offering price, the lower end of a $43 to $46 price range. The stock rebounded somewhat, to trade at around $42 apiece at midday.