Webinar: Private Equity in Transition
Thursday, Sep 6 2012 at 4:00 - 5:00 pm EDT
A panel of accomplished Yale SOM alumni from the private equity field discussed their own experiences and the current state of the industry in a webinar moderated by Andrew Metrick, Deputy Dean for Faculty Development and Michael H. Jordan Professor of Finance and Management. Panelists included Dan O'Connell '80, and Sally Rocker '81, and Peter Schulte '83. Listen to the discussion here. Bios Dan O'Connell '80, CEO & Founder, Vestar Capital Patners Dan is the CEO and Founder of Vestar Capital Partners, a private investment firm managing over $8 billion of equity capital. Founded in 1988, Vestar has been the lead investor in over 65 companies across a broad range of industries in both the U.S. and Europe. Vestar is headquartered in New York with offices in Denver and Boston. Prior to founding Vestar, Dan was a Managing Director and Co-Head of the Management Buyout Group at The First Boston Corporation. Dan has been a director of over 35 companies through his Vestar and First Boston investments. Born and raised in The Bronx, N.Y., Dan is a graduate of Brown University and the Yale School of Management. Currently residing in Greenwich, CT, Dan is a Trustee Emeritus of Brown University and a Vice Chairman of the Cardinal Spellman High School Foundation. Andrew Metrick, Deputy Dean for Faculty Development and Michael H. Jordan Professor of Finance & Management Andrew Metrick joined the Yale School of Management in 2008 as a Professor of Finance. He previously held faculty positions in the finance department at Wharton and the economics department at Harvard. In 2009-2010, he was on leave from Yale working for the Council of Economic Advisers in Washington. Professor Metrick's current research and teaching is focused on financial stability, including the regulation of systemic risk, the activities of complex financial institutions, and the causes and consequences of the financial crisis of 2007-9. His past work has been in financial intermediation more generally, with a focus on investment management and corporate governance. Metrick has been honored with more than a dozen teaching awards and distinctions, including two years (2003 and 2007) as the highest-rated professor in the Wharton MBA program. In 1998, he received the highest teaching honor at Harvard College, the Joseph R. Levenson Memorial Teaching Award, and in 2005, he received the highest teaching honor at the University of Pennsylvania, the Lindback Award. Sally Rocker '81, Managing Director and General Counsel, J.C. Flowers & Co. LLC Ms. Rocker has been a Managing Director and General Counsel at J.C. Flowers & Co. LLC since December 2000. J. C. Flowers & Co. LLC serves as investment advisor to several private equity investment funds which focus on making investments in the financial services industry. Prior to joining J.C. Flowers in 2000, Ms. Rocker practiced law, representing several major financial institutions in their private equity investments and worked in strategic planning as a financial associate. Ms. Rocker received an MBA from Yale University and a JD from Stanford University. She also holds a B.A. in Humanities from Brown University. Peter M. Schulte '83, Managing Partner and Co-Founder, CM Equity Partners Peter M. Schulte is a Managing Partner and a founder (1992) of CM Equity Partners, one of the first and most experienced private equity firms in the Federal services sector. CMEP has completed nearly 40 Federal services transactions. Mr. Schulte's prior experience includes private equity investing, as well as corporate public and private debt and equity financings and M&A at Salomon Brothers and IBM's Data Processing Division. Related to his private equity investing activities, Mr. Schulte has established successful publicly traded companies, ICF International (NASDAQ: ICFI) and ATS Corporation (formerly AMEX: ATSC), and serves as a director of ICF International. Mr. Schulte also serves as a member of the Board of Directors of CMEP's private companies including RGS Associates, Inc., and Preferred Systems Solutions, Inc. Mr. Schulte is a graduate of Harvard College (A.B.) and holds a Master's degree in Public and Private Management (M.P.P.M.) from Yale University. He is a member of the boards of the Yale Center for Business and the Environment, the Rainforest Alliance and the New York League of Conservation Voters.