Carlyle’s co-founder Rubenstein says private equity is in good shape

[SINGAPORE] Despite mounting risks, the private equity business is in “pretty good shape”, claimed David Rubenstein, co-founder and co-chairman of global investment firm, The Carlyle Group – a leader in private equity.

Rubenstein thinks Carlyle, which has about US$500 billion of assets under management, can grow even bigger with its challenge being “continuing to get really good young people that want to be in this business and working with us”.

This can then ensure that “our investors, who have a lot of options, continue to see us as being a very good place in which to invest money”, he added.