Alternative money manager Ares Management filed a proposal Monday for an initial public offering to raise at least $100 million.
Ares, which has $74 billion in assets under management, according to the S-1 filing with the Securities and Exchange Commission, has yet to disclose the number of shares or the date it expects to start trading. The firm is working with J.P. Morgan Chase and Bank of America on the IPO.
It is expected to be the largest IPO of an alternative money manager since Carlyle Group went public in May 2012, selling 30.5 million shares at $22 each to raise $671 million.
Ares sold a 6.25% stake in the firm to Alleghany Corp. for $250 million last year, and the $773 billion Abu Dhabi Investment Authority bought a 20% stake for $375 million in 2007.
Ares spokesman Bill Mendel declined to provide further comment.
Bloomberg contributed to this story.