Alan Patricof

Alan Patricof (born 1934)[1] is an American investor, one of the early pioneers of the venture capital and private equity industries. He founded Apax Partners[2] (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.

Alan Patricof
Born1934 (age 86–87)
New York City, New York, U.S.
EducationOhio State University (BA)
Columbia University (MBA)
Known forFounder of Apax Partners
Spouse(s)Bette Hollander (divorced)
Susan Hatkoff
Children3

Early life and education

Patricof grew up in a Jewish family[3] on the Upper West Side of Manhattan, New York City,[4] the son of parents who had immigrated from Russia to the United States. His father was a small-time stockbroker.[1] Patricof graduated from the Ohio State University in 1955, and earned an M.B.A. from Columbia University in 1957 while working full-time as an analyst for an investment firm.[4][5]

Career

Patricof was assigned the management of the Gottesman pulp and paper fortune.[1] and focused his efforts on the new private companies in the portfolio.[1][4] In 1967, he invested in New York magazine, a new publication, where he served as the founding chairman of the board. The magazine proved a success.[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.[4]

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 the firm, to return to his original focus on venture capital investments in small early-stage companies. In 2006, he left Apax to form Greycroft Partners which focuses on such 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. New York magazine later acquired the Village Voice and New West magazine.[6] Patricof also acquired style magazine Details in 1987.[7] He has also been involved with Cellular Communications, Inc., NTL, and Audible.

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. Patricof was the national finance chairman for Hillary Clinton's 2008 campaign.[15][16][17][18][19][20] Patricof is a longtime affiliate of Jared Kushner, the son-in-law of Donald Trump.[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. 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. "The Wall Street wolves opening their cheque books for the Democrats". The Telegraph. Retrieved 2020-03-31.
  3. Jewish Telegraph Agency: "Bush nominates Patricof to aid body" May 16, 2007
  4. New York Times: "STRICTLY BUSINESS; A Venture Capitalist and His Politics" By DOUGLAS MARTIN November 02, 1992
  5. New York Times: Dealbook: "Kravis Gives $100 Million to Columbia B-School" By MICHAEL J. DE LA MERCED October 5, 2010
  6. "Wharton Private Equity Conference 2006: Keynote Speakers – Alan Petricof, Co-Founder, Apax Partners". The Wharton School, University of Pennsylvania. Archived from the original on 2007-10-12. Retrieved 2016-08-27.
  7. Details Gets New Owner. The New York Times, June 6, 1987.
  8. The New York Times: "WEDDINGS; Martha S. Jones, Mark F. Patricof" July 26, 1992
  9. The New York Times: "Martha Jones To Wed in July". February 16, 1992.
  10. 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
  11. 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.
  12. New York Magazine: "Jane of All Trades" by Meryl Gordon retrieved June 25, 2013
  13. "Kelly Sawyer Patricof - Creative Director, Satine Private Label. Los Angeles". The Coveteur. Retrieved 2016-08-27.
  14. The New York Times: "WEDDINGS; Victoria Radford, Jonathan Patricof". June 25, 2000.
  15. Martin, Douglas. STRICTLY BUSINESS; A Venture Capitalist and His Politics. The New York Times. November 2, 1992.
  16. Donors Who Stayed at the White House. The New York Times. March 2, 1997.
  17. Murphy, Rick. Presidential Fund-Raising On a Hamptons Weekend. The New York Times. July 19, 1998.
  18. Luo, Michael. Facing Obama Fund-Raising Juggernaut, Clinton Seeks New Sources of Cash. The New York Times. April 20, 2008.
  19. "Jewish Clinton backers warn Pelosi on meddling". Jewish Telegraphic Agency. www.jta.org. March 28, 2008. Retrieved 2016-08-27.
  20. Grove, Lloyd. "World According to ... Alan Patricof". Portfolio.com. December 4, 2007. Retrieved 5/3/09.
  21. https://www.politico.com/story/2017/06/29/jared-kushner-inner-circle-confidants-240116
  22. "Board of Overseers Archived 2016-08-28 at the Wayback Machine". 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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