Does anyone know why they have a DC office, instead of just a NY one like most other PE firms? How does the relationship between their NYC and DC office work? Does DC specialize in a specific vertical? How big is the DC office?
Also a question that's slightly off topic - do Carlyle associates have to go to B school if they want to continue climbing up the ladder in the company, or is Carlyle one of those PE firms that does not emphasize B school as much?
Thanks!
One of the firm's five founders, David Rubenstein, began his career in law at Paul Weiss, one of the white-shoe BigLaw firms in New York. He moved to D.C. and spent time in private practice and in the Carter administration.
Although one of the five founders exited the partnership very promptly after founding (within the first year or two, if I recall correctly), the firm has steadily grown and had a very cosy relationship with the public sector. Numerous senior public officials joined the firm across its history, either as senior executive or advisor. The firm has also done a ton of work in the aerospace and defense industries, and it also has strong connections to the House of Saud, the ruling oligarchy in Saudi Arabia.
Given all that, it's pretty clear that a while a New York office is necessary for obvious reasons, a D.C. office also is.
APAE, where are you getting this information? Is this first hand experience/knowledge, or did you read this somewhere?
Do you know also how Carlyle's culture may be different from other PE MF's? (I know that "culture" is a stupid term, but are the people who work there more jocky, or nerdy, or something else? Does Carlyle recruit heavily from some specific groups or banks?)
Thanks a lot for all the information you've provided!
It's what I know from years in the industry, speaking with people, reading, and interviewing. I haven't worked there, but people from both the group I interned in and the one I went to for full-time have accepted jobs there and I have several friends currently there.
Don't know too much about the culture, but it's well-known how siloed it is. Their industry groups recruit independently from each other. It's possible to wind up with offers from more than one group there. From what I could tell, the culture varied between groups. Consumer was very different from A&D, for instance.
They recruit from the usual suspects. MS M&A and CRG; GS FIG, TMT, NRG, CRG (no idea how it works since they merged Healthcare in); BX. There's a smattering of other firms obviously, but it seemed dominated by the groups that dominate all recruiting.
Thanks! Do you have any further details one how the different industry groups differ when it comes to culture? (I was wondering specifically about their Consumer, Aerospace, and Industrial groups)
Thanks a lot for the help, all the information you've provided has been very useful.
I watched a documentary on YouTube about Carlyle and it gave an explanation as to why they started in D.C. But I can't remember now, search on YouTube.
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