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 support communities.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20151007005981/en/
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 broader economy.
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.
About Blackstone
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.
About KKR
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.
About TPG
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151007005981/en/
Press:Suzanne Miller,
314-795-4225MediaRegistration@inventivhealth.com
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