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I've got something a little different for you today. I was browsing YouTube when I came across this fantastic in-depth interview with Carlyle Group co-founder and CEO David Rubenstein on Reuters' Impact Players series.

It's a little over a month old, so a small portion of the politics talk is dated, but there is some real meat in this half-hour long conversation. Some highlights:

  • Rubenstein passed on a chance to be one of the first investors in Facebook. His daughter dated a friend of Zuckerberg, but he didn't think it was a good investment
  • Carlyle has closed 20 deals over the past year, spending about $15 billion
  • He doesn't feel the same pressure to invest his LPs money as Aaron Ross Sorkin and I might have you believe

He also gives some insight into why Carlyle went public and how it's affected its management philosophy along with some interesting thoughts on geographical regions he's bullish on.

Read on to watch the interview.

In case there are issues with the embedded video, here's the URL:
http://www.youtube.com/watch?v=g75WA75rEao&feature...

Comments (5)

  • prospie's picture

    TheKing:
    He also gives some insight into why Carlyle went public...
    Can't really watch this right now, but I assume his answer was, "To get rich"?

  • In reply to prospie
    TheKing's picture

    prospie:
    TheKing:
    He also gives some insight into why Carlyle went public...
    Can't really watch this right now, but I assume his answer was, "To get rich"?

    lol, no it was more to do with a combination of:

    --multiple competitors doing so
    --More funds to put to work on deals (more deals, bigger deals.)

    Makes some level of sense since they're massively global. He gives some interesting insight on the global nature of Carlyle as well. Really solid interview.

  • BTbanker's picture

    Can you tell me why BX has 16x the market cap that CG has, yet revenue, AUM, and total assets are comparable; CG doing a bit better. Is CG that under priced trading at 2x earnings, or am I missing something about valuing PE firms? (The latter being more likely)

  • In reply to BTbanker
    TheKing's picture

    BTbanker:
    Can you tell me why BX has 16x the market cap that CG has, yet revenue, AUM, and total assets are comparable; CG doing a bit better. Is CG that under priced trading at 2x earnings, or am I missing something about valuing PE firms? (The latter being more likely)

    Tough to say. Could be in part because BX is more diversified than Carlyle via their banking / restructuring / etc.

  • SanityCheck's picture

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