The Carlyle Group presented recently at the Future of Financials conference hosted by Bank of America Merrill Lynch. The private equity underwriter (PEU) had a slide on core drivers of their performance. I adapted the slide to show how billionaire PEU founders achieved their outsized wealth (pictured above).
Another slide showed Carlyle serves 1,750 investors from over 82 countries. It is these people Carlyle co-founder David Rubenstein has in mind when he meets with President Trump, just as he met with Presidents George H. W. Bush, Bill Clinton, George W. Bush and Barack Obama. Carlyle's pervasive political influence is not mobilized on behalf of the average citizen. It is steered toward the international billionaire class.
Politicians Red and Blue love PEU. That'sbecause the greed and leverage boys may be their next employer. That's the world we live in.
