Alan Patricof
| Alan Patricof | |
|---|---|
| Born |
Alan Joel Patricof 1934[1] New York, New York |
| Residence | New York, New York |
| Nationality | American |
| Alma mater |
Ohio State University Columbia University (MBA) |
| Occupation | Businessman |
| Known for | Founder of private equity firm Apax Partners |
| Spouse(s) |
Bette Patricof Hollander (divorced) Susan Hatkoff |
| Children |
Mark Patricof (with Hollander); Jamie Patricof (with Hatkoff); Jonathon Patricof (with Hatkoff) |
Alan Patricof (born 1934) is an American investor and one of the early pioneers of the venture capital and private equity industries. Patricof founded Apax Partners (based on a play on Patricof's name: Alan Patricof Associates Cross (x) Border), which is today one of the largest private equity firms globally.
Early life and education
Patricof grew up in a Jewish family[2] on the Upper West Side of Manhattan, New York City,[3]
Both parents were Jewish from Russia, and who had immigrated to the Unites States.
His father was a small time stockbroker.[1]
Patrickf graduated from Ohio State University in 1955, after three years, and earned an M.B.A. from Columbia University in 1957 while working full-time as an analyst for an investment firm.[3][4]
Career
Patricof worked from the ground up and eventually was assigned the management of the Gottesman pulp and paper account.[1]
Tired of the volatility of the stock market,[3] he focused his efforts on the new private companies in the portfolio.[1]
In 1967, he invested in New York magazine, a new publication, where he served as the founding chairman of the board.
The magazine was a success and his efforts elevated his business profile.[1]
New York magazine was a success, and his efforts here, later allowed New York Magazine to acquire the Village Voice and New West magazine.[5]
Patricof also acquired the men's style magazine, Details in 1987.[6]
In 1969, Patricof raised $2.5 million and found one of the first venture capital firms, Patricof Company Ventures.
In 1977, he founded the private equity firm Apax Partners.[3] Patricof is an active investor, where he always takes a seat on the board[3]
By the mid-1990s Apax had become one of the larger private equity firms globally.
In 2001, Patricof stepped back from day-to-day management of Apax Partners, Inc., the US arm of the firm, to return to his original focus on making venture capital investments in small early-stage companies.
In 2006, Patricof left Apax to form Greycroft Partners which focuses on small early-stage venture capital investments.
Patricof was an early investor in venture capital, and has been involved in the development of numerous major companies, amongst which are; America Online, Office Depot, Cadence Design Systems, Apple Computer and FORE Systems.
Over the course of his 40-year career in private equity, Patricof has been instrumental in growing the venture capital field from a base of high-net-worth individuals, to its position today with broad institutional backing, as well as playing a key role in the essential legislative initiatives which have guided its evolution.
Personal life
Patricof has been married twice:
- He was married to Bette Patricof Hollander.[7][8][9] They later divorced. They had one child:
- Mark F. Patricof (b. 1964) who is married to Martha Shelburne Jones, a daughter of Anne Shelburne Jones and Bishop Edward Witker Jones of Indianapolis. Her father was then bishop of the Episcopal Diocese of Indianapolis.[7][8] They have two children: Lily and Nina.
- His second marriage was to Susan Hatkoff.[10] She is the sister of Craig Hatkoff.[11] They have two sons:
- Jamie Patricof, movie and television producer. He is married to former model Kelly Sawyer.[12] They have two children: Riley and Sawyer.
- Jonathan Cale Patricof (b. 1973), President of Tribeca Enterprises the company that owns and operates the Tribeca Film Festival. He is married to Victoria Ann Radford of New York.[13] They have three children: Jack, Chloe and Lila.[14][15]
The Patricofs live in New York, New York.[1]
Political and other affiliations
Patricof has been active in Democratic Party politics, contributing to candidates including Bill and Hillary Clinton,[16][17][18][19][20] whom he met in the Hamptons when they were there as guests of lobbyist and Democratic activist Liz Robbins.[21] Patricof serves on the Board of Trustees of Columbia University Graduate School of Business. As of 2011 he serves as an advisor to the Grassroots Business Fund[22]
See also
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 CNN Money: "This old guy sure can pick 'em - Fortune's Oliver Ryan looks at how legendary media investor Alan Patricof has found new life in the Big Apple's web startup scene" by Oliver Ryan September 11, 2007
- ↑ JTA News Brief May 17, 2007
- ↑ 3.0 3.1 3.2 3.3 3.4 New York Times: "STRICTLY BUSINESS; A Venture Capitalist and His Politics" By DOUGLAS MARTIN November 02, 1992
- ↑ New York Times: Dealbook: "Kravis Gives $100 Million to Columbia B-School" By MICHAEL J. DE LA MERCED October 5, 2010
- ↑ 2006 Wharton Private Equity Conference Keynote Speaker
- ↑ Details Gets New Owner. New York Times, June 6, 1987.
- ↑ 7.0 7.1 New York Times: "WEDDINGS; Martha S. Jones, Mark F. Patricof" July 26, 1992
- ↑ 8.0 8.1 New York Times: "Martha Jones To Wed in July" February 16, 1992.
- ↑ Legal Eagle: HOLLANDER v. COMMISSIONER 34 T.C.M. 718 (1975)T.C. Memo. 1975-157 Bette Patricof Hollander v. Commissioner. Docket No. 4020-73. United States Tax Court. Filed May 22, 1975 retrieved August 10, 2012
- ↑ The Albany Times Union: "Producer rekindles 'Toyland' memories - Movieman behind "Pines" visits with his family who ran well-known stores" By PAUL GRONDAHL September 28, 2011
- ↑ New York Magazine: "Jane of All Trades" by Meryl Gordon retrieved June 25, 2013
- ↑ ELLE & The Coveteur: Kelly Sawyer Patricof - Creative Director, Satine Private Label. Los Angeles retrieved August 10, 2012
- ↑ New York Times: "WEDDINGS; Victoria Radford, Jonathan Patricof" June 25, 2000
- ↑ New York Observer: Filmic Finance Scion Buys on Park By Elise Knutsen January 4, 2012
- ↑ Sorkin, Andrew Ross. "New Fund for Prominent Investor". New York Times, March 6, 2006.
- ↑ Martin, Douglas. STRICTLY BUSINESS; A Venture Capitalist and His Politics New York Times, November 2, 1992.
- ↑ Donors Who Stayed at the White House New York Times, March 2, 1997.
- ↑ Murphy, Rick. Presidential Fund-Raising On a Hamptons Weekend. New York Times, July 19, 1998.
- ↑ Luo, Michael. Facing Obama Fund-Raising Juggernaut, Clinton Seeks New Sources of Cash New York Times, April 20, 2008
- ↑ JTA: "Jewish Clinton backers warn Pelosi on meddling" March 28, 2008
- ↑ Grove, Lloyd, "World According to ... Alan Patricof" Portfolio.com, December 4, 2007. Retrieved 5/3/09.
- ↑ Grassroots Business Fund (2011). Governing Board and Advisors. Retrieved February, 2011.
External links
- Patricof, Alan. Individual Investors Need Tax Breaks, The New York Times, December 4, 1988
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