updated 6/27/2007 7:55:12 AM ET 2007-06-27T11:55:12

U.S. private equity firm Carlyle Group LLC is considering going public, potentially following the footsteps of Blackstone Group LP, a managing director of the group said Wednesday.

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"The Blackstone IPO was highly successful. We are certainly evaluating that option as well," Jason Lee, Carlyle's managing director and head of the group's real estate division in Asia, told Dow Jones Newswires.

"No decisions have been made, and we will do what we believe is best for our investors," Lee said on the sidelines of a real estate conference in Singapore.

Blackstone's $4.13 billion initial public offering last week has been closely watched by other firms, and reports have recently surfaced that another giant buyout group, Kohlberg Kravis Roberts & Co., is planning its own IPO.

"Clearly we have to consider (an IPO) in order to be competitive," Lee said. "Our peers are obviously going to be accessing a huge amount of capital in the public market."

Lee said the Washington, D.C.-based firm has not set a timeline for a potential IPO.

The Carlyle Group currently manages $58.5 billion in 51 different funds, according to its Web site, investing in everything from aerospace and defense to energy and infrastructure.

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