Alan Patricof

Alan Patricof
Born Alan Joel Patricof
1934 (age 82–83)[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] the son of parents who had immigrated from Russia to the United States. His father was a small-time stockbroker.[1] Patricof 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 fortune.[1] Tired of the irrational 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] In 1969, he was able to raise $2.5 million and founded 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: he always takes a seat on the company's board and is very vocal with his views.[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.

As an early investor in venture capital he has been involved in the development of numerous major companies including America Online, Office Depot, Cadence Design Systems, Apple Computer and FORE Systems. He was a founder and chairman of the board of New York magazine, which later acquired the Village Voice and New West magazine.[5] Patricof also acquired style magazine Details in 1987.[6] He has also been involved with Cellular Communications, Inc., NTL, and Audible.

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 that have guided its evolution.

Personal life

Patricof has been married twice:

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 Overseers of Columbia University Graduate School of Business.[22] As of 2011 he serves as an advisor to the Grassroots Business Fund.[23]

See also

References

  1. 1 2 3 4 5 6 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
  2. ↑ Jewish Telegraph Agency: "Bush nominates Patricof to aid body" May 16, 2007
  3. 1 2 3 4 5 New York Times: "STRICTLY BUSINESS; A Venture Capitalist and His Politics" By DOUGLAS MARTIN November 02, 1992
  4. ↑ New York Times: Dealbook: "Kravis Gives $100 Million to Columbia B-School" By MICHAEL J. DE LA MERCED October 5, 2010
  5. ↑ "Wharton Private Equity Conference 2006: Keynote Speakers – Alan Petricof, Co-Founder, Apax Partners". The Wharton School, University of Pennsylvania. Archived from the original on 2007-10-29. Retrieved 2016-08-27.
  6. ↑ Details Gets New Owner. New York Times, June 6, 1987.
  7. 1 2 New York Times: "WEDDINGS; Martha S. Jones, Mark F. Patricof" July 26, 1992
  8. 1 2 New York Times: "Martha Jones To Wed in July". February 16, 1992.
  9. ↑ 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
  10. ↑ 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.
  11. ↑ New York Magazine: "Jane of All Trades" by Meryl Gordon retrieved June 25, 2013
  12. ↑ "Kelly Sawyer Patricof - Creative Director, Satine Private Label. Los Angeles". The Coveteur. Retrieved 2016-08-27.
  13. ↑ New York Times: "WEDDINGS; Victoria Radford, Jonathan Patricof". June 25, 2000.
  14. ↑ New York Observer: Filmic Finance Scion Buys on Park By Elise Knutsen January 4, 2012
  15. ↑ Sorkin, Andrew Ross. "New Fund for Prominent Investor". New York Times. March 6, 2006.
  16. ↑ Martin, Douglas. STRICTLY BUSINESS; A Venture Capitalist and His Politics. New York Times. November 2, 1992.
  17. ↑ Donors Who Stayed at the White House. New York Times. March 2, 1997.
  18. ↑ Murphy, Rick. Presidential Fund-Raising On a Hamptons Weekend. New York Times. July 19, 1998.
  19. ↑ Luo, Michael. Facing Obama Fund-Raising Juggernaut, Clinton Seeks New Sources of Cash. New York Times. April 20, 2008.
  20. ↑ "Jewish Clinton backers warn Pelosi on meddling". Jewish Telegraphic Agency. www.jta.org. March 28, 2008. Retrieved 2016-08-27.
  21. ↑ Grove, Lloyd. "World According to ... Alan Patricof". Portfolio.com. December 4, 2007. Retrieved 5/3/09.
  22. ↑ "Board of Overseers". Columbia Business School. Columbia University. Retrieved 2016-08-27.
  23. ↑ Grassroots Business Fund (2011). Governing Board and Advisors. Retrieved 2016-08-27.


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