Recall that there was a debate recently about whether the Carlyle Group will be the next major alternative investment giant to go public. Turns out that the powerhouse firm did consider the idea. Is anyone not? But it has decided apparently to list only a single fund, comprising mainly mortgage-backed securities, on Euronext. Business Week Online notes that Carlyle could raise up to $1 billion via the offering. Former Bank of America vice chairman James Hance Jr., a Carlyle executive since 2005, will serve as non-executive chairman, while John Stomber has been tapped as CEO. So this ends the mystery for now. But you have to wonder if anyone else will really follow the footsteps of The Blackstone Group and list its entire business as a partnership or some other entity. We'll see.

For more:
- here's the Business Week Online item