Carlyle Group is moving to a ‘one vote, one share’ model. The investment giant said it will abandon its existing partnership structure and become a corporation with a single class of shares.
This model will give shareholders a bigger say in how it’s run.
Private equity firms that have gone public have typically done so as partnerships, which saved on taxes but precluded them from being included in major stock indexes like FTSE Russell’s and the S&P 500. Carlyle’s private equity peers KKR, Blackstone, Ares Management Corp, and Apollo Global Management have already made the switch to so-called C-corporations.
