NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) and The Carlyle Group (NASDAQ:CG) will jointly host the third annual Veterans Initiative Summit on November 28-29 in Washington, D.C.
The Summit will bring experts from the White House, U.S. Chamber of Commerce, Departments of Labor, Defense, Small Business Administration and Veterans Affairs and various outside groups together with executives from the two firms and their portfolio companies for discussions about how to best hire and retain U.S. veterans and their spouses.
The private equity industry collectively represents hundreds of companies and millions of employees across the country, providing a platform for significant impact on U.S. veteran hiring.
“We are proud of this continued partnership, and believe it can be a model for other industries as we collectively strive to improve the veteran employment picture,” said Stephen A. Schwarzman, Blackstone’s Chairman, CEO, and Co-Founder. “These men and women embody the skills and personal attributes we look for in employees. After reaching our initial goal of hiring 50,000 veterans earlier this year, Blackstone was excited to double down with a new commitment to hire 50,000 additional veterans, caregivers, and spouses across our portfolio in the next five years.”
Daniel A. D'Aniello, Co-Founder and Chairman of The Carlyle Group and a U.S. Navy veteran, said, “We are honored to be part of the third annual Veterans Initiative Summit. We are 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 provides a marvelous opportunity to develop effective solutions to help America’s veterans and strengthen our companies.”
Additional participants in the summit include The George W. Bush Presidential Center, Got Your Six, CNAS, USO, SVA, Armed Services YMCA, Veterati, NPower, The Mission Continues, Team Rubicon and Employer Support of the Guard and Reserve.
This year’s Summit will feature discussions on building veteran employee support resources, career development programs, apprenticeship programs and veteran spouse hiring efforts.
This collaboration was launched in partnership with President Barack Obama, First Lady Michelle Obama, Vice President Joe Biden and Dr. Jill Biden as part of the “Joining Forces” initiative to encourage private sector hiring of veterans. Since the inaugural Veterans Initiative Summit in 2015, Blackstone, Carlyle and others in the industry have coordinated on efforts to encourage their portfolio companies to hire, retain, and promote the integration of veterans into the broader community and economy. Throughout the year, the firms and attendee organizations continue to work together to share best practices, strengthening the collective effort.
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 we invest in, 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 $385 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 Blackstone on Twitter @Blackstone.
About The Carlyle Group
The Carlyle Group (NASDAQ:CG) is a global alternative asset manager with $174 billion of assets under management across 306 investment vehicles as of September 30, 2017. 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 & power, financial services, healthcare, industrial, infrastructure, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,550 people in 31 offices across six continents.