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Investment firm Carlyle is giving 50 employees a total of $2 million for driving diversity, equity, and inclusion

Investment firm Carlyle is giving 50 employees a total of $2 million for driving diversity, equity, and inclusion
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Here Are the Top Finance Stories of the Day for April 19

Here Are the Top Finance Stories of the Day for April 19
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How PE-firm Carlyle Group supports diversity at portfolio companies

Novolex The Carlyle Group purchased packaging-supplies company Novolex in 2016. Since then, the PE giant has diversified the workforce of the industrials packaging firm. Carlyle and Novolex execs shared insights on workplace diversity for other companies to follow. When the death of George Floyd took place in late May 2020, sparking nationwide protests against police brutality and systemic racism, most industries, including financial services, went through a period of introspection. For influential private-equity firms like the Carlyle Group, which holds some $246 billion in assets under management, the unrest ignited by Floyd s death incentivized investors and CEOs across the firm s portfolio of 256 companies to consider how the national discourse would impact their workforces.

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