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Carlyle co-founder David Rubenstein predicts further insitutionalisation of private equity

David Rubenstein, co-founder of private equity giant The Carlyle Group, has predicted that firms like his will may go public, a further institutionalisation of the private equity industry, by founding partners attempting to manage succession issues.

‘These firms tend to be founded by people who often think they're immortal,' he told Bloomberg. ‘Some private equity firms may go public down the road.'

But Rubenstein refused to comment on whether or not he was speaking about Carlyle itself. ‘We plan over a number of years to gradually have some kind of transition,' he said.

Speaking at the SuperReturns conference in Munich, Rubenstein also warned of the possibility of new government-enforced regulation, following the imposition of regulation after the collapse of public corporates such as Tyco and Enron.

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