Summit convenes representatives from the White House, U.S.
Military, Departments of Labor and Veterans Affairs, private equity
portfolio companies, and the First Lady Michelle Obama, to advance
veteran hiring, retention, and career development
Today Blackstone (NYSE:BX), KKR (NYSE:KKR), The Carlyle Group
(NASDAQ:CG) and TPG will jointly host the inaugural Veterans Initiative
Summit to support the hiring of American veterans across private equity
portfolio companies. The two-day summit will focus on how portfolio
companies held by investment funds sponsored by these companies can
attract, retain, and promote veterans, improve business operations and
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Investing on behalf of more than half of the public pensioners in the
United States, the private equity industry represents hundreds of
companies and millions of employees. The summit is designed to bring
these firms and their portfolio companies together to promote the
sharing of best practices, identify gaps and opportunities in veteran
hiring processes, and energize leaders across private equity firms and
portfolio companies as they continue to focus on these important issues.
In addition to human resources executives from across the partner firms'
collective 200+ U.S.-based portfolio companies representing more than
1.2 million domestic employees, the summit will feature dynamic and
informative speakers including First Lady Michelle Obama, Senator John
McCain, Joining Forces Executive Director Colonel Nicole Malachowski,
Carry The Load Co-Founder Clint Bruce, Deputy Under Secretary for
Economic Opportunity at the U.S. Department of Veterans Affairs Curtis
Coy, Army Vice Chief of Staff General Daniel B. Allyn, President of
Hiring Our Heroes and Vice President of the U.S. Chamber of Commerce
Eric Eversole, President and CEO of Taylor Morrison Home Corporation
Sheryl Palmer, Director of the Military Service Initiative at The Bush
Institute Colonel Miguel Howe, and Principal Deputy Assistant Secretary
of Defense at the U.S. Department of Defense Stephanie Barna.
Sessions at the summit will cover a wide range of topics, including an
overview of government initiatives that complement this effort, the role
of mentorship in ensuring a positive transition to civilian life, and
other challenges and opportunities that impact this initiative.
Additionally, the summit will feature small break-out discussions that
offer hiring executives the opportunity to leverage the collective
knowledge of leaders across the firms' portfolios of investments to
tackle issues and share best practices.
"We could not be more proud to partner with firms from across the
industry on this truly remarkable effort. We all have a responsibility
to do right by our nation's veterans - by working together, our industry
can make an important contribution," said Stephen A. Schwarzman,
Blackstone's Chairman, CEO, and Co-Founder. "Across our portfolio
companies we have found that veterans make outstanding employees, and we
are thrilled to continue this effort to ensure that those who have so
bravely served our country can develop meaningful and successful careers
when they transition to civilian life."
"Veterans can face significant challenges entering the civilian
workforce. The private equity industry, and the diversity of jobs
represented by our many companies can help be part of the solution,"
said Henry Kravis, Co-Chairman and Co-CEO of KKR. "Today, we are proud
not only of our firm's progress in hiring and retaining veterans across
our portfolio, but also of the spirit of partnership this summit has
fostered across our industry."
Daniel A. D'Aniello, Chairman of The Carlyle Group and a U.S. Navy
veteran, said, "We are grateful for our veterans' service and sacrifice.
Through this summit we hope to draw attention to the needs of our
military service members and their families as they transition to the
private sector. Private equity portfolio companies can be an effective
part of the solution in supporting veteran career development."
"Hiring our nation's veterans is the right thing to do - for them and
for our portfolio companies," said David Bonderman, co-founder of
TPG. "Veterans have invaluable skills, a strong sense of commitment and
a positive work ethic that can surely benefit any business."
The summit brings together 150 veterans hiring leaders from the firms'
portfolio companies to learn from each other and from more than 20
panelists and speakers. Following the summit, the firms will continue to
collaborate to provide support to help portfolio companies as they hire
veterans and promote veteran career development and integration in the
The event is OPEN PRESS. Registration is required by Wednesday, October
7th at 7:00p.m. and members of the press must arrive at the Grand Hyatt
Washington by 12:00p.m. on October 8th. To register for the event or to
inquire about press interviews with any of the participants please email MediaRegistration@inventivhealth.com.
Blackstone is one of the world's leading investment firms. We seek to
create positive economic impact and long-term value for our investors,
the companies in which we invest, and the communities in which we work.
We do this by using extraordinary people and flexible capital to help
companies solve problems. Our asset management businesses, with over
$330 billion in assets under management, include investment vehicles
focused on private equity, real estate, public debt and equity,
non-investment grade credit, real assets, and secondary funds, all on a
global basis. Further information is available at www.blackstone.com.
Follow us on Twitter @Blackstone.
About The Carlyle Group
The Carlyle Group (NASDAQ:CG) is a global alternative asset manager with
$193 billion of assets under management across 128 funds and 159 fund of
funds vehicles as of June 30, 2015. Carlyle's purpose is to invest
wisely and create value on behalf of its investors, many of whom are
public pensions. Carlyle invests across four segments - Corporate
Private Equity, Real Assets, Global Market Strategies and Investment
Solutions - in Africa, Asia, Australia, Europe, the Middle East, North
America and South America. Carlyle has expertise in various industries,
including: aerospace, defense & government services, consumer & retail,
energy, financial services, healthcare, industrial, real estate,
technology & business services, telecommunications & media and
transportation. The Carlyle Group employs more than 1,700 people in 35
offices across six continents.
KKR is a leading global investment firm that manages investments across
multiple asset classes including private equity, energy, infrastructure,
real estate, credit and hedge funds. KKR aims to generate attractive
investment returns by following a patient and disciplined investment
approach, employing world-class people, and driving growth and value
creation at the asset level. KKR invests its own capital alongside its
partners' capital and brings opportunities to others through its capital
markets business. References to KKR's investments may include the
activities of its sponsored funds. For additional information about KKR
& Co. L.P. (NYSE:KKR), please visit KKR's website at www.kkr.com.
TPG is a leading global private investment firm founded in 1992 with
approximately $75 billion of assets under management and offices in San
Francisco, Fort Worth, Austin, Dallas, Houston, New York, Beijing, Hong
Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, São Paulo,
Shanghai, Singapore and Tokyo. TPG has extensive experience with global
public and private investments executed through leveraged buyouts,
recapitalizations, spinouts, growth investments, joint ventures and
restructurings. The firm's investments span a variety of industries
including healthcare, energy, industrials, consumer/ retail, technology,
media & communications, software, financial services, travel,
entertainment and real estate. For more information visit www.tpg.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151007005981/en/
Suzanne Miller, 314-795-4225
Source: Blackstone, The Carlyle Group, KKR, TPG
News Provided by Acquire Media