Social media is fast becoming an inescapable facet of the business world, and private equity is no exception.
Global asset manager Carlyle Group made private equity headlines in June with the debut of its first Instagram account. The firm was also an early adopter of Twitter – having joined in 2009 – but it is now in good company across the platform, with the likes of 3i and Blackstone following in 2010 and 2011 respectively.
Private Equity International has gathered some of the most notable private equity-related tweets of 2017.
In July, Christopher Ailman, chief investment officer at California State Teachers’ Retirement System, took to the platform to celebrate the pension’s 13.4 percent investment return in the fiscal year ending 30 June. Ailman used the opportunity to note that CalSTRS outperformed its larger peer, the California Public Employees’ Retirement System, which generated an 11.2 percent return.
Taking an interest
For some, Twitter is used as an outlet to voice market concerns. Democrat senator Sheldon Whitehouse was not impressed by Trump’s failure to tackle the carried interest provision in 2017.
Food for thought
Social media is awash with images of food. In November, Steve Young, co-founder and managing director of California-based private equity firm HGGC, became the latest to embrace this trend after tucking into a raw fish on camera.
Last but not least
Don’t forget to vote in this year’s PEI Awards 2017!