Markets are navigating a convergence of forces: shifting trade policy, an uncertain rate environment, and rising geopolitical tensions. For investors with exposure to private markets, the question is how to allocate through this cycle. Key discussion points include:
The view from 40 years: What historical parallels Rubenstein sees with the current environment, and the lessons from navigating prior periods of inflation, rate shocks, and geopolitical disruption.
The state of private markets today: The evolving landscape across private equity, private credit, and secondaries, and what it means for investors deciding how to allocate in the current cycle.
The playbook: Practical frameworks for wealth preservation and growth in uncertain times: vintage year diversification, manager selection, and where the opportunities lie.

Co-Founder & Co-Chairman, The Carlyle Group

Founder and CEO, The Family Office

Market Insights - 3 min
The Federal Open Market Committee (“FOMC”) voted once again to hold rates at 3.5%-3.75% at its last session, which concluded on March 18th. It is widely expected to make no change at the upcoming meeting later this month (April 28-29).
Apr 21, 2026

Education - 7 min
The past weeks have brought the fragility of regional concentration into sharp focus. The escalating conflict across the region and the disruption of the Strait of Hormuz, through which approximately 20% of global oil supply ordinarily flows, have sent shockwaves through energy markets, regional equities, and investor confidence. Oil prices surged past $100 per barrel for the first time in four years, reaching $126 per barrel at their peak, before pulling back on hopes of a diplomatic resolution. Shipping routes have been disrupted. And for investors whose portfolios were anchored close to home, the exposure has been felt acutely. The question that follows is not whether uncertainty will persist. It is whether portfolios are built to withstand it.
Apr 8, 2026

Education - 4 min
There is a tension at the heart of nearly every multigenerational family conversation about wealth: the desire to see the next generation flourish on their own terms, and the quiet fear that without the right guardrails, "following a passion" becomes indistinguishable from squandering a legacy.
Apr 7, 2026