Carlyle chief’s call over fundraising

Private equity fundraising has hardly changed in 40 years, Carlyle Group’s co-founder told the BVCA. David M Rubenstein, managing director, said the influence of sovereign wealth funds had increased and high-net worth individuals were using feeder funds more often. “The only thing that has really not changed in the entire universe is private equity fundraising.”

Rubenstein also called for the speed of fundraisings to be quickened and suggested using a standard questionnaire.