Keep pulling the thread on David Rubenstein.
The NFL recently changed its ownership rules to allow private equity firms to acquire up to a 10% passive stake in a team.
A core part of The Carlyle Group's early strategy was to leverage its Washington D.C. location to invest in companies heavily affected by the federal government, such as in the defense and telecommunications sectors.
To bolster its government-focused investment strategy, The Carlyle Group brought in high-profile former officials like Secretary of State Jim Baker and Secretary of Defense Frank Carlucci.
The Carlyle Group's growth was driven by a strategy of brand extension, creating multiple investment funds across different asset classes like buyouts, venture capital, and growth capital, similar to a mutual fund company.
A key growth strategy for The Carlyle Group was globalization, establishing dedicated investment arms and funds in Europe, Asia, Japan, Africa, Latin America, and the Middle East.
In 1978, the U.S. Department of Labor under the Carter administration changed its interpretation of the "prudent man rule," allowing ERISA pension funds to invest in private equity for the first time.
The Carlyle Group, a global private equity firm, manages over $440 billion in assets across three different business segments.
The Carlyle Group's second fund targeted a size of $1 billion, a significant increase from its first $100 million fund.
David Rubenstein has donated $120 million to the Kennedy Center over the years, making him its largest donor.
David Rubenstein provided the private funding to repair the Washington Monument after it was damaged in an earthquake.
Cigna is the second-largest health insurance company in the United States.
CalPERS was one of The Carlyle Group's first institutional private equity investors.