In an exclusive interview at Buyouts New York, David Rubenstein, founder and chief executive of The Carlyle Group, says that China will spend the better part of this century as the world’s largest economy, making that nation an extremely attractive place to invest. But don’t count out the United States yet, he said.
In a conversation with Chrystia Freeland, Editor of Reuters Digital, Rubenstein also discussed the shifting tides of regulation, saying that with the passing of the Dodd-Frank law, the aspect that the financial community is most uneasy about is the absence of certainty as these new financial regulations get interpreted and implemented over the next few years.
Finally, Rubenstein said that in private equity’s fundraising race, sovereign wealth funds will be taking an increasing role in coming years when compared to public pension funds, which don’t have as much money to invest as they did a few years ago.
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