"I think the golden era of private equity is probably behind us, and we're in a new era and need to adapt." That was the assessment offered by Carlyle Group co-founder David Rubenstein (pictured right) during a symposium on the PE industry sponsored by the American Enterprise Institute, a think tank based in the nation's capital, on Wednesday.

The No. 1 challenge he cited, according to a story in Thursday's Daily Deal, was not the credit crunch but the PE industry's negative public image. Case in point: The Service Employees International Union is campaigning against Carlyle's pending buyout of nursing home chain Manor Care Inc. — Kenneth Klee

Go to the story from The Deal

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