Rubenstein: Fundraising lacks dealmakers' social status in private equity
David Rubenstein · Private Equity Masters 4: David Rubenstein – Carlyle Group (Capital Allocators, EP.203) · Jul 12, 2021 · at 15:24
David Rubenstein, co-founder of The Carlyle Group, reflects on the cultural hierarchy and perception of capital raising within private equity firms.
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“I do think that fundraising is something that doesn't have the social status that maybe dealmakers have accorded themselves. In other words, if you look at the totem pole of people in the private equity world or in the investment world, people generally don't say, well, I'm really proud to tell you I'm a fundraiser, even though I don't think there's anything wrong with it, but people just certainly often will say, I don't like to ask for money.”
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