Sandra Horbach
Managing Directory and
Head of the Consumer/Retail Group
The Carlyle Group
Sandra Horbach is a managing director and head of the consumer/retail group at
The Carlyle Group. The Carlyle Group is a global private-equity investment firm with
approximately $90 billion under management. The firm invests in management-led
buyouts, strategic minority equity investments, equity private placements, consolidations
and buildups, and growth capital financings.
Ms. Horbach currently serves on the boards of directors of the following companies:
Dunkin’ Brands, the leading QSR company operating under the Dunkin’ Donuts, Baskin-
Robbins brands; Oriental Trading Company, a leading direct seller of value-priced novelty
items and party supplies; and philosophy, a premium skin and personal care products
company. In addition, she serves as a member of the executive committee and board
of trustees at Rockefeller University, as chair of the investment committee at Rockefeller
University, and is on the board of trustees of The Chapin School in New York.
Prior to joining Carlyle in 2005, Ms. Horbach served as a general partner of Forstmann
Little, a private investment firm that has invested $15 billion in 30 acquisitions since it
was founded in 1978. She joined Forstmann Little as an associate in 1987 and became
a general partner in 1993. Prior to joining Forstmann Little, Ms. Horbach spent two years
in the mergers and acquisition department of Morgan Stanley & Co.
She received her MBA from the Stanford Graduate School of Business and a BA from
Wellesley College, where she graduated Phi Beta Kappa.
Ms. Horbach is married to Steve Skoler (MBA ’86). They have two daughters and reside
in New York City.