Prediction Held up AI assessment confidence: 90% certainty 3/5 debate potential 2/5

Rubenstein: Large family offices will increasingly compete against PE firms

David Rubenstein · Private Equity Masters 4: David Rubenstein – Carlyle Group (Capital Allocators, EP.203) · Jul 12, 2021 · at 41:50

Carlyle Group co-founder David Rubenstein discusses emerging competitive pressures and structural shifts within the private equity industry.

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“As we go forward, I suspect you'll see more and more competition from family offices that are large and they will do deals competing with private equity firms.”

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Disclosure
Rubenstein's family office backs an enormous number of first-time funds
“In my family office, I invest an enormous number of first funds because I think they're smaller and they probably need me more and I can probably pay more attention to what they're doing and there'll be more co-investment opportunities and so forth”
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