Carlyle’s Rubenstein to Join Harvard Board of Trustees

  • He will replace former Duke University president in 2017
  • Rubenstein is a chairman of Harvard’s fundraising campaign

David Rubenstein, co-chief executive officer of alternative-asset manager Carlyle Group LP, will join Harvard University’s board of trustees in July 2017.

Rubenstein, 66, will replace Nannerl Keohane, former president of Duke University and Wellesley College, when she steps down next year from the board known as Harvard Corp., the Cambridge, Massachusetts-based school said Wednesday in a statement.

Rubenstein, who co-founded Carlyle in 1987, is currently one of the chairmen of the university’s ongoing campaign to raise a record $6.5 billion, according to the statement. Carlyle, based in Washington, manages more than $170 billion in assets.

‘Global Institution’

“Harvard is a truly unique global institution of higher learning and cutting-edge research, and I am humbled to be associated with such an institution in this way,” he said in the statement.

Rubenstein is chairman of the board of his alma mater Duke and his term there ends in July next year, Harvard said. He also has a law degree from the University of Chicago.

There are currently 13 people on Harvard’s board, including university president Drew Faust, former Princeton University President Shirley Tilghman, who joined this year, and lawyer William Lee, the corporation’s senior fellow.

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