Exchanges Investing with The Carlyle Group’s Sandra Horbach
Jul 15, 2022
Sandra Horbach, co-head of U.S. Buyout and Growth at The Carlyle Group, is a trailblazer in private equity, recognized for her focus on diversity and inclusion. She shares her experiences as a pioneering woman in a male-dominated field and discusses the evolution of investment strategies influenced by technology. Horbach emphasizes the importance of integrating ESG practices in investment decisions and highlights the crucial role of mentorship for women in finance. She also offers valuable leadership insights and investment lessons learned throughout her career.
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Early Career and Forsman Little
- Sandra Horbach, after Stanford Business School, joined Forsman Little in 1987 as its sixth investment professional.
- Private equity was then an obscure industry, and Forsman Little was a prominent independent firm.
Forsman Little's Unique Approach
- Forsman Little, unlike other private equity firms in the 80s, utilized a subordinated debt fund instead of high-yield bonds.
- They focused on growth equity and used less leverage than others, making them early adopters of this strategy.
Target Companies and Management Teams
- Carlyle seeks market-leading companies with strong secular tailwinds where they can add value.
- Ideal CEOs focus on team building, culture, and adaptability in a fast-changing world.
