Carlyle woos women to male-dominated buyout world

JAPAN-ECONOMY/Carlyle –at one time famous for having former presidents and prime ministers on its payroll– is taking a step to attract more women and minorities into the male-dominated world of private equity.

“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.

Investment bank in hiring shock

Barclays Capital is thinking big. As Reuters banking correspondent Steve Slater wrote earlier:

“Barclays Capital, the investment bank arm of Britain’s Barclays Plc (BARC.L), will hire more than 750 staff this year as part of its plan to win leading positions in equities and M&A advisory, a top executive said.

“The bank, which bought the U.S. business of Lehman Brothers in September, is now expanding in Europe and Asia. It is also targeting a top three spot in prime services to take advantage of a retreat by rivals servicing hedge funds, he said.