David Rubenstein, William Conway Jr. and Daniel D’Aniello co-founded the Carlyle Group, one of the world’s top private equity firms, in 1987. Rubenstein and Conway serve as the Carlyle Group’s co-CEOs, while D’Aniello is its chairman. They are worth about $2.8B apiece.
Rubenstein had served as a domestic policy adviser to President Jimmy Carter prior to that. He is a signatory to The Giving Pledge, a collection of wealthy individuals who have agreed they will give away at least half of their personal wealth. Conway has pledged to give away $1B of his personal wealth. In 2014, D’Aniello gave a $20M donation to the conservative think tank the American Enterprise Institute.
This June, Carlyle Group made headlines when it relinquished control of HCR ManorCare, one of the largest nursing home care providers in the country. The Toledo, Ohio-based company is under federal investigation for submitting false claims to Medicare for patient rehabilitation services.
Carlyle Group has about $158B in assets under management with around $15B of it in real estate. It recently raised a fund that is targeting $5B in real estate acquisitions. — Scott Klocksin
