Friday, October 23, 2009

Carlyle Woos Women to PEU World

Reuters reported on The Carlyle Group's efforts to recruit and retain women private equity underwriters (PEU's).

Carlyle –at one time famous for having former presidents and prime ministers on its payroll– is taking a step to attract more women and minorities into the male-dominated world of private equity.

“I’d say that private equity firms have been behind investment banks and law firms (in such hiring),” David Rubenstein, co-founder of Carlyle told Reuters.

“The industry… probably has fewer women partners and probably fewer minority partners than we probably should have.”

D.C.-based Carlyle is now looking to encourage women and minorities to break the glass ceiling to gain high positions in the firm.

How did women and minorities make out in Carlyle's recent downsizing? A Lana Axelrod worked for Carlyle last fall. She disappeared while William Harrison Frist, Jr. stayed.

Did Carlyle shift from hiring Presidents and Prime Ministers to employing advisers' offspring? What will Carlyle and company teach America's politically connected youth? Maybe, how justice or "just us" is bought?