Summit convenes experts and private equity
portfolio companies to advance the hiring, retention, and career
development of U.S. veterans
Beginning today, investment firms Apollo (NYSE: APO), Blackstone
(NYSE: BX), KKR (NYSE: KKR), The Carlyle Group (NASDAQ: CG), and
TPG will jointly host the second annual Veterans Initiative Summit
to support the hiring and retention of America’s veterans. The
two-day summit builds on momentum from last year’s inaugural event,
providing further resources to help the firms’ portfolio companies
hire and retain veterans and military spouses.
The private equity industry represents hundreds of companies and
more than 11 million American employees. The collective impact of
these businesses is enormous, and together they have the potential
to create significant opportunity for veterans and military
spouses. This year’s summit will feature in-depth, small group
discussions on steps that can be taken to expand veterans’
initiatives, as well as speakers who will share the tangible,
operational improvements these programs have had on their
businesses. The sessions will cover a wide range of topics,
including how to ensure a positive transition to civilian life and
effectively using career mapping. The summit seeks to be a forum
for sharing best practices and open dialogue about challenges and
opportunities when working with veteran employees, such as sourcing
and hiring, integration, career development, and retention.
“We recognize that people are our most valuable asset, and
hiring talented employees can transform a company from good to
great. In 2013, we launched the Apollo Veterans Initiative to
champion the recruitment, hiring, and retention of veterans and
military spouses across the portfolio of companies managed by
Apollo’s funds. Veterans have unique skill sets and experiences
that add immeasurable value to companies throughout the country. We
are proud of the collective efforts of our firm and the private
equity industry to continue championing veteran employment and
retention,” said Leon Black, Chairman and Chief Executive Officer
of Apollo Global Management.
“We are extremely proud to partner once again with firms across
the industry in support of hiring military veterans. By working
together, we can make a substantial impact while equipping the
companies in our portfolio with some of the strongest talent
available,” said Stephen A. Schwarzman, Blackstone’s Chairman, CEO,
and Co-Founder. “Veterans walk in the door with a proven track
record of leadership, management, teamwork and loyalty. We’re proud
to do our part to ensure those who serve our country develop
meaningful careers utilizing the skills they acquire in service to
our country when they transition back to civilian life.”
Daniel A. D'Aniello, Co-Founder and Chairman of The Carlyle
Group and a U.S. Navy veteran, said, “As we launch the second
annual Veterans Initiative Summit, we are ever grateful to our
veterans for their service and sacrifice. Carlyle and our portfolio
companies are committed to supporting and fostering our veterans’
career development and retention. This summit is a significant step
in advancing that support to America’s veterans and their
families.”
George Roberts, Co-Chairman and Co-CEO of KKR, said: “Diversity
of thought and experience enhances business performance, and there
is no question that the leadership, integrity, and background of
our veterans offer a unique and valuable perspective that would
ultimately help companies make better decisions. Supporting our
veterans in their career development is good for businesses and
good for our nation.”
“This event demonstrates a shared belief among leaders in our
industry that hiring veterans merits special focus. These highly
capable employees often lack access to job opportunities because
they haven’t followed a typical path into the business world. But
helping place veterans in jobs is only part of the solution.
Ensuring they succeed by providing ongoing education, mentorship,
and sponsorship is essential,” said Jon Winkelreid, Co-CEO of TPG.
“Having mentored veterans over the past decade, I see immense value
in a forum like this, which fosters connection and facilitates
networking between veterans from different backgrounds. TPG is
proud to be part of it.”
In addition to leaders in veteran employment from the partner
firms’ collective 400+ U.S.-based portfolio companies, which
represent more than 1.5 million domestic employees, the summit will
feature dynamic and informative speakers including Frank Bisignano,
Chairman and CEO of First Data; Tom Bullock, Chief of Employer
Engagement at the Employer Support of the Guard and Reserve; Eric
Eversole, President of Hiring Our Heroes and Vice President of the
U.S. Chamber of Commerce; Teresa W. Gerton, Deputy Assistant
Secretary for Policy, Department of Labor; Command Sergeant Major
(Ret.) Marvin L. Hill, FedEx Freight Advisor – Project Management;
Colonel William T. Johnson, Joining Forces Executive Director;
General (Ret.) David H. Petraeus, Member and Chairman of the KKR
Global Institute; and Brad Snyder, US Paralympic Gold Medal Swimmer
and Navy Veteran.
Since the inaugural Veterans Initiative Summit in 2015, the
firms have collaborated, provided support to one another, and
helped portfolio companies hire, retain, and promote the
integration of veterans into the broader community and economy.
Following the summit, the sponsoring firms and attendees will
continue to focus on developing and sharing more robust tactics and
spreading best practices, thereby aiming to strengthen companies
and communities.
About Apollo
Apollo is a leading global alternative investment manager with
offices in New York, Los Angeles, Houston, Chicago, Bethesda,
Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi,
Singapore, Hong Kong and Shanghai. Apollo had assets under
management of approximately $189 billion as of September 30, 2016
in private equity, credit and real estate funds invested across a
core group of nine industries where Apollo has considerable
knowledge and resources. For more information about Apollo, please
visit www.agm.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 $360 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 $169 billion of assets under management across 125
funds and 177 fund of funds vehicles as of September 30, 2016.
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
1,625 people in 35 offices across six continents. Web:
www.carlyle.com Videos:
http://www.carlyle.com/news-room/corporate-videos_new Tweets:
www.twitter.com/onecarlyle Podcasts:
www.carlyle.com/about-carlyle/market-commentary
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 and on Twitter @KKR_Co.
About TPG
TPG is a leading global alternative asset firm founded in 1992
with over $70 billion of assets under management and offices in
Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston,
Istanbul, London, Luxembourg, Melbourne, Moscow, Mumbai, New York,
San Francisco, São Paulo, and Singapore. TPG's investment platforms
are across a wide range of asset classes, including private equity,
growth venture, real estate, credit, and public equity. TPG aims to
build dynamic products and options for its investors while also
instituting discipline and operational excellence across the
investment strategy and performance of its portfolio. For more
information, visit http://www.tpg.com/.
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version on businesswire.com: http://www.businesswire.com/news/home/20161114005841/en/
Press:ApolloGary M. Stein, +1
212-822-0467gstein@apollolp.comorBlackstoneCourtney
Comiskey, +1 212-583-5929courtney.comiskey@blackstone.comorThe
Carlyle GroupElizabeth Gill, +1
202-729-5385elizabeth.gill@carlyle.comorKKRCara Kleiman, +1
212-519-1619Cara.Kleiman@kkr.comorTPGLuke Barrett, +1
212-601-4752media@tpg.com
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