David Rubenstein, Private Equity Titan, Passes the Torch
ByIt started with a series of meetings at the Carlyle Hotel in New York, and grew to become one of the world’s most ambitious and well-connected private equity firms. Its Rolodex was unrivaled, and its advisers included the first President George Bush and John Major, the former British prime minister.
All along the way, David M. Rubenstein has been the face of the Carlyle Group, which he co-founded 30 years ago. He has raised billions of dollars for investments, struck deals with brands including Dunkin’ Donuts and Beats Electronics, and lobbied Congress to protect a tax arrangement that made the private equity business so tremendously lucrative…