“I’d say that private equity firms have been behind investment banks and law firms (in such hiring),” David Rubenstein, co-founder of Carlyle told Reuters.
“The industry… probably has fewer women partners and probably fewer minority partners than we probably should have.”
D.C.-based Carlyle is now looking to encourage women and minorities to break the glass ceiling to gain high positions in the firm. Carlyle, together with non-profit organization The Robert Toigo Foundation, said on Thursday they’re setting up a MBA fellowship which will include time spent working at Carlyle, its portfolio companies and with some of the firms’ investors.
Rubenstein said that hopefully, some will afterward want to work permanently at Carlyle or other private equity firms.