Rubenstein: Carlyle Group launched with four co-founders and $5M
David Rubenstein · Private Equity Masters 4: David Rubenstein – Carlyle Group (Capital Allocators, EP.203) · Jul 12, 2021 · at 8:59
David Rubenstein recounts the founding team and initial fundraise of The Carlyle Group in 1987.
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“We had four of us at the beginning. The person from Marriott, his name was Steve Norris, joined us. Then we went out, and he recruited, with my help, another guy from Marriott, Dan Daniello, and then we recruited Bill Conway, who was then the CFO of MCI. Those were the four of us, and then we went out to raise money, and we raised all of five million dollars, and that was what we had to start.”
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