Mark Gallogly

Mark T. Gallogly (born 1957) is an American investor with a background in political and civic engagement. He co-founded and served as Managing Principal of the private investment firm Centerbridge Partners, until his retirement in 2020. Under the Obama Administration, he served on two Presidential advisory councils.

Mark Gallogly
Personal details
Born (1957-01-18) January 18, 1957
EducationUniversity of Notre Dame (BA)
Columbia University (MBA)

Early Life and Education

Gallogly was born on January 18, 1957, in Providence, RI to Florence E. (Giblin) Gallogly and Edward P. Gallogly. Gallogly is the eighth of eleven children. His parents were each the children of Irish immigrants and were first-generation college graduates. Gallogly’s father served as Lieutenant Governor of Rhode Island, United States Attorney for the District of Rhode Island and Chief Judge of the Rhode Island Family Court.[1][2] Gallogly graduated with honors from the University of Notre Dame in 1979. As an undergraduate, he also studied at Sophia University in Tokyo. He received an MBA from Columbia Business School in 1986.[3]

Career

Manufacturers Hanover Trust Company

Gallogly spent his early career in the Acquisition Finance Group at Manufacturers Hanover Trust Company.[4] He received his MBA at Columbia Business School through a professional development program offered by Manufacturers Hanover.[5]

The Blackstone Group

Joining in 1989, Gallogly was an early partner at The Blackstone Group.[6] He was the head of private equity and served on the firm’s management and investment committees.[7]

Centerbridge Partners

In 2005, Gallogly co-founded Centerbridge Partners with Jeff Aronson. The name of the firm originated with the concept of bridging Gallogly’s expertise in private equity and Aronson’s background in credit investing.[8] Vision for the firm’s culture was expressed through its early recruiting procedures, which included hiring criteria such as trustworthiness and treating people with respect.[9]

Centerbridge Foundation

The Centerbridge Foundation was created in 2007 with a mission to increase access to educational and economic opportunities in the communities where Centerbridge Partners has offices.[10] Leaders of grant partner organizations are invited to participate in professional development activities along with the heads of Centerbridge portfolio companies.[5]

Three Cairns Group

In 2015 Gallogly and his wife, Lise Strickler, founded Three Cairns Group, a social impact firm engaged in addressing the climate crisis through venture investing, philanthropy and public policy advocacy.[11] Three Cairns Group’s work also includes a focus on equitable access to education, mental health services, and careers.[12]

Community Involvement and Public Service

President’s Councils during the Obama Administration

Gallogly was an early supporter of President Obama.[13] He served on the President’s Economic Recovery Advisory Board, chaired by Paul Volcker, from 2008 to 2010, and the Council on Jobs and Competitiveness, chaired by Jeff Immelt, from 2010 to 2012. Gallogly was active on the regulatory reform working group of the Jobs Council.[14]

Board seats and advisory councils
  • Vice-Chair of the Board of Trustees of Columbia University[3]
  • Columbia Business School Board of Overseers[15]
  • Columbia Climate School Board of Advisors[16]
  • Economic Club of New York Board of Trustees[17]
  • Partnership for New York City Board of Directors[18]
  • Member of the Advisory Council for the Hamilton Project, an economic policy initiative of the Brookings Institution[19]
  • Founding member of National Security Action’s Advisory Council, a foreign policy advocacy group[20]
  • Member of the Council on Foreign Relations[21]

Personal life

Gallogly married Lise Strickler, a climate and environmental advocate,[12] in September 1987.[22] Gallogly and Strickler met in the MBA program at Columbia Business School.[5]  They have three daughters and reside in New York City.[3]

References
  1. "Edward P. Gallogly Obituary". The New York Times. April 22, 1995. Retrieved March 16, 2020.
  2. "La Salle Academy Hall of Fame Providence, RI". www.lasalle-academy.org. Retrieved 2020-12-24.
  3. "The Trustees of Columbia University | Office of the Secretary of the University". Columbia University. Retrieved March 30, 2020.
  4. Carey, David; Morris, John E. (2012). King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone. Currency. p. 215. ISBN 978-0307886026.
  5. "Mark T. Gallogly '86: Distinguished Leadership in Business Award". Columbia Business School. Retrieved May 15, 2020.
  6. Kelly, Jason (2012). The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything. Bloomberg Press. p. 183. ISBN 978-1118205464.
  7. "Freedom Recapitalization Completed". Blackstone Press Release. May 18, 2004. Retrieved April 7, 2020.
  8. Sender, Henny (December 15, 2006). "Centerbridge Over Troubled Waters: New Fund Mixes Buyouts, Bad Debt". The Wall Street Journal. Retrieved April 7, 2020.
  9. Smart, Geoff (2008). Who. Ballantine Books. p. 38. ISBN 9780345504197.
  10. "Centerbridge Foundation". Impact Space. Retrieved April 8, 2020.
  11. Louch, William (November 14, 2019). "Centerbridge Co-Founder Mark Gallogly Prepares to Retire". The Wall Street Journal. Retrieved December 10, 2019.
  12. "Lise Strickler - EANY". Environmental Advocates New York. Retrieved December 24, 2020.
  13. Freeland, Chrystia (October 11, 2012). "To Save the Middle Class, Act Globally". The New York Times. Retrieved May 14, 2020.
  14. "President Obama Speaks to the Council on Jobs and Competitiveness". YouTube. January 17, 2012. Retrieved May 15, 2020.
  15. "Mark T. Gallogly '86". Columbia Business School. Retrieved March 30, 2020.
  16. "Columbia University Task Force On Climate: Report" (PDF). Columbia University. December 1, 2019. Retrieved December 24, 2020.
  17. "Board Directors". Economic Club of New York. Retrieved March 30, 2020.
  18. "Board of Directors". Partnership for New York City. Retrieved March 30, 2020.
  19. "Advisory Council, Mark T. Gallogly". The Hamilton Project. Retrieved March 30, 2020.
  20. "National Security Action". National Security Action. Retrieved March 30, 2020.
  21. "CFR Membership Roster". Council on Foreign Relations. Retrieved March 30, 2020.
  22. "Lise Strickler Becomes Bride". September 13, 1987. Retrieved December 29, 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.