Muneer Satter

Muneer Satter
Nationality American
Alma mater Northwestern University
Harvard Law School
Harvard Graduate School of Business Administration
Spouse(s) Kristin Hertel[1]

Muneer A. Satter (born December 21, 1960) is an American investor and philanthropist. Satter is the founder and chairman of Satter Investment Management, a private investment firm and family office focused on biotechnology and life sciences.

Satter founded the Satter Foundation in 1997 to support education, human rights, democracy, job creation, veterans, the arts and preservation of the environment. Satter serves as vice-chairman of the Goldman Sachs Foundation and on the boards of Northwestern University, the Navy SEAL Foundation and others.

Early life

Satter was raised in Houston, Texas and attended Westchester High School.

His father, Abdus Satter, an Indian immigrant, met his mother, a Virginia native, while studying engineering at the Colorado School of Mines. Abdus Satter would go on to earn a PhD in petroleum engineering from the University of Oklahoma.

Satter started work at age 16, earning $1.25 per hour (plus tips) at Steak & Shake. He left Texas to attend Northwestern University, where he earned a B.A. in economics. Satter is also a graduate of Harvard Law School and Harvard Graduate School of Business Administration.

Career

Satter Investment Management

Satter started and manages Satter Investment Management (SIM), based in Chicago, Illinois, whose stated objective is to help create and grow companies that will make a significant impact on the state of health care.[2]

SIM’s known healthcare investments include:[2]

Goldman Sachs

Satter retired from Goldman Sachs in 2012, where he worked for 24 years, including 16 years as a partner. Satter joined Goldman in 1988, moving to London in 1992 to start-up and co-head the firm’s European Merchant Banking Group. In 1997, he returned to the U.S., where he became global head of the firm’s Goldman Sachs Mezzanine Group (GSMP), raising more than $30 billion in assets. Satter is credited with growing GSMP into the largest mezzanine fund in the world. Satter was also a senior member of the Investment Committee and chairman of the Risk Committee for the Merchant Banking Division, which at the time had over $80 billion of assets under management.[3]

Prior to joining Goldman, Satter worked for the Boston Consulting Group.

Philanthropy

Satter is a philanthropist, who together with his wife, Kristen Hayler Hertel, has made grants of more than $35 million through their family foundation, the Satter Foundation, since its inception in 1997.[4][5][6]

Northwestern University

The Satter Foundation has committed more than $10 million to finance scholarships to Northwestern University’s Feinberg School of Medicine. The scholarships pay all tuition for a student’s first three years of medical school.

The Satter Foundation also funds Project Excite, founded at the Northwestern School of Education to close the achievement gap between minority and non-minority students at Evanston High School in Illinois. The project runs education, academic advising and personal education programs designed to improve access for minority students and help them earn admission to college.

A Northwestern alumnus, Satter serves on the school’s Board of Trustees and Executive Committee. Northwestern University has $12 billion in assets and an operating budget of over $2 billion per year. Satter serves as chairman of the Finance Committee.

Navy SEAL Foundation

Satter serves on the board of the Navy SEAL Foundation, which provides immediate and ongoing support to the Naval Special Warfare (NSW) community. He started an annual fundraiser for the organization in Chicago, raising more than $2.6 million in 2014.

The Nature Conservancy

The Satter Foundation has been a consistent supporter of The Nature Conservancy (TNC) and has made specific grants in support of TNC's efforts to preserve hundreds of thousands of acres of land in Montana, Costa Rica, Mexico, Chile and Belize. TNC is one of the largest environmental non-profits in the world with more than $6 billion in assets—including a $2 billion endowment and capital fund—and operations in more than 35 countries. Satter served from 2006 to 2015 on TNC's Board of Trustees, including seven years as chairman of its Finance Committee.[7]

Satter is currently a member of the advisory board of TNC's NatureVest unit, which creates "investable deals that deliver conservation results and financial returns for investors." It was founded in 2014.

Room to Read

The Satter Foundation is a longtime supporter of Room to Read, which has built over 19,000 schools and libraries, distributed over 15 million books and funded over 30,000 scholarships for girls in 10 countries in the developing world. Satter served as co-chairman of Room to Read's board from 2004 to 2008.[8]

Goldman Sachs Foundation

Satter is vice-chairman of the board of the Goldman Sachs Foundation and GS Gives.[7]

The Goldman Sachs Foundation organizes and supports 10,000 Women, a global initiative that fosters economic growth by providing women entrepreneurs around the world with a business and management education, mentoring, networking and access to capital.

In 2014, the Goldman Sachs Foundation and the International Finance Corporation (part of the World Bank) created the Women Entrepreneurs Opportunity Facility with up to $600 million of capital structured to help approximately 100,000 women small business owners in 43 developing countries gain access to capital.

It also supports 10,000 Small Businesses, which helps small business owners in the United States create jobs and economic opportunity by providing them with greater access to education, financial capital and business support training. The program currently operates in 19 major cities in the U.S. through a network of more than 100 academic and community partners.

GS Gives facilitates contributions by partners and managing directors of Goldman Sachs to charities in their local communities. Since its inception, charitable beneficiaries of this program have received more than $1 billion in grants.

Politics and public affairs

Satter is a donor and fundraiser for political candidates who support economic growth and job creation. Satter is a member of the board of directors of World Business Chicago, a business development non-profit founded to "create jobs, cultivate talent, and put Chicago at the forefront of the global economy." Satter is a Member of the Council on Foreign Relations and the Chicago Council on Global Affairs. Satter serves on the advisory board of the American Enterprise Institute.

Satter was a National Finance co-chairman for Mitt Romney’s effort in 2008 and 2012.

Personal

Satter is married to Kristen Hayler Hertel, who he met while attending Northwestern University. They have 5 children.

References

  1. ↑ Bykowicz, Julie (24 February 2015). "Republican Superdonor Muneer Satter Is Rooting for Rahm Emanuel". Bloomberg. Retrieved 19 October 2015.
  2. 1 2 Alesci, Christine (15 June 2012). "Goldman Mezzanine Chief Muneer Satter Steps Down". Bloomberg. Retrieved 19 October 2015.
  3. ↑ "Muneer A. Satter J.D., M.B.A". Bloomberg Business. Bloomberg. Retrieved 19 October 2015.
  4. ↑ "CitizenAudit.org Profile For - SATTER FOUNDATION". www.citizenaudit.org. Retrieved 2016-01-12.
  5. ↑ "Nonprofit Explorer - ProPublica". ProPublica. Retrieved 2016-01-12.
  6. ↑ "Find Grantmakers & Nonprofit Funders | Foundation Directory Online". fdo.foundationcenter.org. Retrieved 2016-01-12.
  7. 1 2 "Special Advisors - Muneer A. Satter". Reverence Capital Partners. Retrieved 26 January 2016.
  8. ↑ "Board of Directors - Muneer A. Satter, J.D., M.B.A., Co-Chairman and Lead Director". Vital Therapies, Inc.
This article is issued from Wikipedia - version of the Friday, February 05, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.