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To: Arran Yuan who wrote (93496)	10/31/2007 9:11:23 PM
From: Arran Yuan	Respond to of 306849

What's the move? This is a marriage of the most powerful with China. Carlyle in talks to sell 9.9% management stake to Chinese Tom Bawden in New York From The Times October 30, 2007 Carlyle Group is in talks to sell up to 9.9 per cent of itself to China’s Social Security Fund in a move that would make it the latest American buyout firm to sell a stake in its management company to the Chinese. The talks, which began over the summer, emerged five months after Blackstone Group, a key rival, sold a 10 per cent stake in itself to the Chinese Government and floated on the New York Stock Exchange. Kohlberg Kravis Roberts (KKR), the private equity firm, and Och Ziff, the hedge fund, have also announced intentions to float. The hedge fund also announced plans yesterday to sell a 9.9 per cent stake to Dubai International, the investment firm controlled by Sheikh Mohammed bin Rashid al-Maktoum, for $1.26 billion (£611 million). The Social Security Fund, which has about $62 billion of assets, is thought to be keen to tap the vast profits that private equity firms have made in recent years and is said to have also spoken to other suitors. More…