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Capital Allocators – Inside the Institutional Investment Industry

Private Equity Masters 4: David Rubenstein – Carlyle Group (Capital Allocators, EP.203)

Capital Allocators – Inside the Institutional Investment Industry

Ted Seides – Allocator and Asset Management Expert

Investing, Capitalallocation, Business

4.8806 Ratings

🗓️ 12 July 2021

⏱️ 63 minutes

🧾️ Download transcript

Summary

David Rubenstein is the Co-Founder and Co-Chairman of The Carlyle Group. Founded back in 1987, Carlyle is one of the world’s largest and most diversified global investment firms with $260 billion in asset under management across three business segments and twenty-nine offices around the world.
 
Our conversation covers David’s start in private equity, growing Carlyle from the early days, raising capital skillfully, recruiting talent globally, and managing a public company. We then turn to David’s outlook for the industry, advice for CIOs, and his recent activity across his family office, writing, philanthropy, and interviewing.

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Transcript

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0:00.0

Capital Allocators is brought to you by Ten East, an investment platform for sophisticated investors to access private markets.

0:10.5

Ten East brings benefits of having your own family office without the cost and headaches of doing so.

0:16.8

It's founded and led by Michael LaFelle, former deputy executive managing member of Davidson Kempner.

0:24.2

Michael and his investment team offer members the opportunity to co-invest by offering at their

0:29.1

discretion. Michael and his team source, diligence, and commit material personal capital to each

0:35.3

investment. The opportunities shared on the Ten East platform

0:38.9

offer exposure to private credit, real estate, niche venture and private equity, and other

0:44.5

idiosyncratic investments that typically aren't available through traditional channels.

0:49.2

The principles have over a decade track record of investing in these types of exposures

0:53.5

across more than 350

0:55.7

transactions. Post-investment, the Tennis team conducts ongoing monitoring and reporting,

1:01.8

just as you'd expect from an institutional investment organization. I've known Michael for about a

1:07.0

decade, and after becoming impressed by the quality of 10 East offerings, its research

1:11.6

process, and high-quality investment team, I became an advisor to the organization, an investor

1:17.1

in multiple offerings. You can learn more and join me as a member at 10-east.com. That's the number 10,

1:25.4

east.co.

1:34.8

Private Equity Masters is brought to you by Ilpa, the Institutional Limited Partners Association.

1:41.4

Ilpa is dedicated to engaging, empowering, and connecting limited partners to maximize their performance on an individual, institutional, and collective basis.

1:46.4

It also hosts Voices of Private Equity, a podcast featuring leading voices from private markets

1:52.6

that delves into the most pressing issues facing investors today. In its first season,

1:58.4

the podcast held candid conversations that revealed each guest's personal journey

2:02.9

in the industry. Rate, review, and subscribe to voices of private equity today.

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