The Institute hosted a luncheon meeting on December 6, 2005 to discuss the new and growing role of private equity capital in the global financial system and the world economy more broadly. Guest speaker David Rubenstein, Co-Founder and Managing Director of the Carlyle Group, one of the leading and largest private equity firms in the world, addressed the topic "Is America's Burgeoning Export of Private Equity Capital a Plus or Minus for the Global Economy?" He focused in particular on the concerns over private equity flows and increasing incidents of "private equity protectionism" that are arising in political and business circles in a number of countries.
David Rubenstein co-founded Carlyle, which now manages more than $30 billion from 24 offices around the world, in 1987. He was Deputy Assistant to the President for Domestic Policy throughout the Carter Administration (1977-81) and has practiced law at major firms in New York and Washington. He is a member of the Boards of Directors of the Institute, Council on Foreign Relations, Center for Strategic and International Studies, and Duke and Johns Hopkins Universities.