Masters in Business Masters in Business LIVE: Carlyle Group CEO Harvey Schwartz
14 snips
Apr 30, 2025 AI Snips
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Harvey's Challenging Upbringing
- Harvey Schwartz struggled severely in high school due to a challenging family environment and mental illness.
- Mentors intervened to encourage him, leading to eventual acceptance to Rutgers University, shaping his future success.
Rough Start in Finance
- Harvey started his career cold calling at a municipal bond firm but was uniquely bad at it.
- His first day coincided with the 1987 stock market crash, making the start even tougher.
Why Companies Stay Private Longer
- The decline in public companies and growing private capital availability allows companies to stay private longer.
- Private capital growth is part of a broader, decades-long evolution in capital markets and financing options.