Private Equity MBA Graduate Fellowship
News Coverage
News of the launch of the Toigo Private Equity MBA Graduate Fellowship has sparked coverage in many leading business and finance publications.
Click here to read the Toigo/Carlyle joint press release.
BusinessWeek | November 4, 2009
"The Carlyle Group and the Robert Toigo Foundation have joined forces to help make it easier for minority MBA graduates to pursue a career in the private equity sector, a field long criticized for its lack of diversity in the top ranks. Beginning today, second-year MBA students can apply for the new Toigo Private Equity MBA Fellowship, a year-long program where fellows will divide their time between working at Carlyle, its portfolio companies and some of the firms’ investors, according to a press release from the Toigo Foundation. ."
Reuters | October 22, 2009
"Carlyle –at one time famous for having former presidents and prime ministers on its payroll– is taking a step to attract more women and minorities into the male-dominated world of private equity. “I’d say that private equity firms have been behind investment banks and law firms (in such hiring),” David Rubenstein, co-founder of Carlyle told Reuters."
Washington Business Journal | October 22, 2009
"Private equity giant The Carlyle Group and the Robert Toigo Foundation are launching the Toigo Private Equity MBA Fellowship aimed at attracting minority MBA candidates to the sector, the company announced Thursday. District-based Carlyle pledged $1 million over four years to support Toigo’s launch of the effort. Toigo is a non-profit organization that has supported the development of minority MBAs as finance leaders for the past 20 years, the company said."
WSJ Blogs | October 22, 2009
"The private equity industry has long been criticized for the overwhelmingly white male composition of its senior professional ranks. But this year, a couple of the industry’s largest buyout shops have taken steps aimed at opening their doors to more professionals of color. On Thursday, Carlyle Group announced a $1 million pledge to a new internship program designed to give MBA graduates of color experience working in the private equity world. The Toigo Private Equity MBA Fellowship is sponsored by the Robert Toigo Foundation, a nonprofit organization based in Oakland, Calif., and will introduce minority MBA students to various areas of private equity."
DealBook: The New York Times | October 22, 2009
"Carlyle Group and the Robert Toigo Foundation will launch a private equity M.B.A. fellowship intended to attract minority M.B.A. candidates to the sector, Carlyle said in a statement Thursday. Carlyle has pledged $1 million over four years to support the Toigo Private Equity M.B.A. Fellowship. Togio is a nonprofit organization that has supported the development of minority candidates for business degrees for the past 20 years."
Alt Assets Private Equity News | October 23, 2009
"The Carlyle Group, one of the world’s largest private equity firms, is collaborating with the Robert Toigo Foundation to create the Toigo Private Equity MBA Fellowship, “the only MBA level fellowship for minorities looking for a career in finance”. The Carlyle Group has pledged $1m over four years to the start up of the fellowship."
