When founding Carlyle Group in 1987, the term 'private equity' had not yet been invented; the industry was called 'leverage buyout firms' or similar names, indicating rapid domain evolution and rebranding.
factualpending
Speaker
David RubinsteinEvidence Quote
“the phrase private Equity really hadn't even been invented at that time we were called Leverage buyout firms”
Source
David Rubenstein, Billionaire Investor Who Hired Jay Powell, On What Makes A Great Investor— Forward GuidanceCreated: 8/11/2026, 12:59:58 AM
My Notes
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