Schwarzman Daughter Can Only Afford Chairs at Benefit

  • Dedicating a seat at NYPL's Rose Reading Room costs $5,000
  • Vista Equity Partners makes way for Girls Who Invest interns

Writer Zibby Right told a charming story about her dad Steve Schwarzman, chief executive of Blackstone Group, the other day at the New York Public Library.

Marking the 35th anniversary of the Library Lunch, she recalled her morning routine when she was in nursery school and he was a "young investment banker -- whatever that means," she said.

Zibby Right, center

Photographer: Amanda Gordon/Bloomberg

The two would walk to her school with their "hands glued together," Right said. "We usually stopped at least once along the way for a thumb war, which, by the way, he never let me win."

Fast forward and not only is Right a grown-up mother of four, but her dad has “had success surpassing anyone’s expectations except maybe his own,” so much so that his name is on the library’s main building (an honor that came after he gave the library $100 million).

Where does that leave the daughter? Embracing a humbler project, the dedication of chairs ($5,000) and tables ($50,000) in the Rose Reading Room.

Right said she dedicated four chairs -- one for each of her children. "I know it’s not a whole building, but I have a slightly different budget," she said.

The building-dedicating tycoon gift of the 2030s may come as a result of the efforts of Girls Who Invest, which wants more young women to go after careers as investment professionals.

Robert Smith and Seema Hingorani

Photographer: Amanda Gordon/Bloomberg

At an April 12 kick-off reception at the offices of Baron Capital, the nonprofit’s founder, Seema Hingorani, former chief investment officer of New York City’s pension plan, said the group will host its first four-week intensive for 30 young women in June, followed by paid internships at asset management firms. Vista Equity Partners’ Robert Smith said he’ll take six interns.

The goal of Girls Who Invest is to see 30 percent of the world’s "investable" capital managed by women by 2030. Bloomberg LP is a founding partner. The program will expand to 100 students next year, said Kathleen Dunlap, Girls Who Invest’s CEO.

A guest contributes to Sol LeWitt’s Wall Drawing #124

Photographer: Amanda Gordon/Bloomberg

A Christina Tosi sheet cake proved everything is better with baked goods. On the same night, the Drawing Center benefit proved everything is better when you make your own art. Attendees got to wield pencils on a Sol LeWitt wall drawing during cocktail hour. A Cecily Brown coloring book was found in the gift bag for guests, who included Robert Soros, E.V. Day, Fiona and Eric Rudin, Beth Rudin, Angela Westwater and Roland Augustine.

(Corrects price of tables at charity auction to $50,000. Story was corrected April 19.)
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