Tuesday, October 20, 2009

Carlyle's Rubenstein Donates to Duke's Public Policy, Not Business School

Carlyle Group co-founder David Rubenstein knows the critical role government's play in structuring markets and contracting out programs. He moved The Carlyle Group to Washington, D.C. to mine the fertile federal vault. Uncle Sam did not disappoint and Mr. Rubenstein has booty to share:

David Rubenstein donated $5.75 million to Duke University’s Sanford School of Public Policy.

The money will be used to endow the school’s environmental and energy policy program, to fund a speaker series and to provide internship support for the school’s public policy master’s degree students.

One might expect a private equity underwriter (PEU) to fund Duke's business schools. Mr. Rubenstein knows public policy is the tax payer funded water on which billionaires walk. He made his donation appropriately.