Carlyle Group is seeking to launch an IPO in the first half of 2012, The Wall Street Journal reports. The private equity firm, which had $153 billion of assets under management as of the second quarter, will use the proceeds to repay debt and for general corporate purposes.

The firm has listed an offering size of $100 million, adds Reuters. In June, the offering was expected to be as large as $1 billion. J.P. Morgan, Citigroup and Credit Suisse are underwriters for the offering.

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