General Atlantic, a New York-based group, which manages $77bn in assets, has filed confidential paperwork with the US Securities and Exchange Commission for the public offering, according to a report by the Financial Times.
The report cites two unnamed people familiar with the matter as saying that this was a preliminary step and that any such decision could be a year away or more, and that the firm may decide not to go public.
General Atlantic has long considered a public listing as one way to broaden its investment operations beyond private equity investments. In April, it acquired credit manager Iron Park as it expanded into investments benefiting from higher interest rates, the report added.
Publicly listed competitors including KKR, Apollo and Ares have recently hit record highs, while Blackstone was recently included in the S&P 500 index.
