BOT vice chair’s company to go public

A company co-founded by one of Duke’s most generous alumni is en route to becoming a publically traded company.

The Carlyle Group, a private equity firm managing more than $150 billion in assets, has filed documents with the federal government in order to proceed with a public offering, The Washington Post reported Tuesday.

David Rubenstein, co-vice chair of the Board of Trustees and Trinity ’70, is the co-founder and managing director of the Carlyle Group.

According to the filing, the initial public offering could be worth up to $100 million. The Carlyle Group’s portfolio includes more than 200 portfolio companies.

Details have not been released about how many shares the Carlyle Group plans to sell or when it plans to go public, though it could be at least six months before the IPO proceeds.

Rubenstein was elected co-vice chair of the Board in May, and serves with Jack Bovender Jr., Trinity ’67 and Graduate School ’69.

Rubenstein has also made substantial donations to the University recently. The University announced in August a $13.6 million gift from Rubenstein to the Rare Book, Manuscript and Special Collections Library. The library will be renamed the David M. Rubenstein Rare Book and Manuscript Library, pending Board of Trustees approval. In 2002, he contributed $5 million toward the completion of Sanford’s Rubenstein Hall, for which he is the namesake.