Brad Pattelli

Last updated

Brad Pattelli is a former vice president of Angelo, Gordon & Co, [1] an arbitrage firm headquartered in New York City, New York. [2] He most recently served as President of LC Advisors, [3] a subsidiary of Lending Club, an online platform for investing in personal loans.

Contents

Pattelli was the managing director on several of Angelo, Gordon & Co.'s investments in the largest newspaper bankruptcies across the country. [4] He headed Angelo, Gordon & Co.'s efforts into becoming one of the main secured creditors in the bankruptcies of the Tribune Co., parent company of the Los Angeles Times and Chicago Tribune ; Minneapolis' Star Tribune ; [5] as well as Philadelphia Newspapers L.L.C., parent company of The Philadelphia Inquirer and the Philadelphia Daily News . [6]

Early life and education

Pattelli holds a bachelor's degree from the University of Notre Dame and earned an M.B.A. degree from Columbia Business School. [7] Brad grew up in Hennepin County, Illinois; his father was a steelworker at the local rolling mill.

Career

Pattelli has formerly served on the board of directors for Dade Behring Holdings, [8] and Thermadyne Holdings Corporation. [9] He is currently on the board of directors for American Media Operations, Inc., a major publisher of supermarket tabloids in the United States. [10]

Related Research Articles

<i>The Philadelphia Inquirer</i> American daily newspaper founded in 1829

The Philadelphia Inquirer, often referred to simply as The Inquirer, is a daily newspaper headquartered in Philadelphia, Pennsylvania. Founded on June 1, 1829, The Philadelphia Inquirer is the third-longest continuously operating daily newspaper in the United States.

Tribune Media Company, also known as Tribune Company, was an American multimedia conglomerate headquartered in Chicago, Illinois.

Sun-Times Media Group was a Chicago-based newspaper holding company. The company formerly owned the Chicago Sun-Times until its acquisition by ownership group ST Acquisition Holdings in 2017.

CNO Financial Group, Inc. is an American financial services holding company based in Carmel, Indiana. Its insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than four million customers in the United States. These products are distributed through independent agents, career agents and direct to customers through television advertising and direct mail.

<span class="mw-page-title-main">Lehman Brothers</span> Defunct American financial services firm

Lehman Brothers Inc. was an American global financial services firm founded in 1850. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States, with about 25,000 employees worldwide. It was doing business in investment banking, equity, fixed-income and derivatives sales and trading, research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008.

The McClatchy Company, or simply McClatchy, is an American publishing company incorporated under Delaware's General Corporation Law. Originally based in Sacramento, California, U.S., the publication became a subsidiary of Chatham Asset Management, headquartered in Chatham Borough, New Jersey as a result of its 2020 bankruptcy. The publication operates 29 daily newspapers in fourteen states and has an average weekday circulation of 1.6 million and Sunday circulation of 2.4 million. In 2006, it purchased Knight Ridder, which at the time was the second-largest newspaper company in the United States. In addition to its daily newspapers, McClatchy also operates several websites and community papers, as well as a news agency, McClatchy DC Bureau, focused on political news from Washington, D.C.

Bain Capital, LP is an American private investment firm based in Boston, Massachusetts, with around $185 billion of assets under management. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, crypto, tech opportunities, partnership opportunities, special situations, and real estate. Bain Capital invests across a range of industry sectors and geographic regions. The firm was founded in 1984 by partners from the consulting firm Bain & Company. The company is headquartered at 200 Clarendon Street in Boston with 22 offices in North America, Europe, Asia, and Australia.

PREIT is a privately held company that owns and develops shopping centers, mostly in the Mid-Atlantic states. The company was formerly known as Pennsylvania Real Estate Investment Trust.

<i>Philadelphia Daily News</i> Daily newspaper in Philadelphia, Pennsylvania

Philadelphia Daily News is a tabloid newspaper that serves Philadelphia, Pennsylvania. The newspaper is owned by The Philadelphia Inquirer, LLC, which also owns The Philadelphia Inquirer, a daily newspaper in Philadelphia.

Tribune Publishing Company is an American newspaper print and online media publishing company. The company, which was acquired by Alden Global Capital in May 2021, has a portfolio that includes the Chicago Tribune, the Orlando Sentinel, South Florida's Sun-Sentinel, The Virginian-Pilot, the Hartford Courant, additional titles in Pennsylvania and Virginia, syndication operations, and websites. It also publishes several local newspapers in its metropolitan regions, which are organized in subsidiary groups.

<span class="mw-page-title-main">Brian Tierney</span> American businessman (born 1957)

Brian P. Tierney[a] is an American advertising and public relations executive and former publisher of The Philadelphia Inquirer. Born in Upper Darby Township, Pennsylvania, Tierney is chief executive officer of Brian Communications, which he founded in 2010, and RealTime Media, which he bought from the previous owners with the help of the venture firm, New Spring Capital.

American Home Mortgage Investment Corporation was the 10th largest retail mortgage lender in the United States and was structured as a real estate investment trust (REIT).

Philadelphia Media Holdings LLC was an American holding company located in Philadelphia, Pennsylvania, United States. Founded by Brian Tierney in 2006, the company owned The Philadelphia Inquirer and Philadelphia Daily News. After The McClatchy Company bought Knight Ridder in 2006, it announced it would sell, among other newspapers, The Philadelphia Inquirer and Philadelphia Daily News. Interested in buying the papers, Brian Tierney assembled a group of Philadelphia businesspeople and investors to make a bid. In May 2006 Philadelphia Media Holdings bought the papers for $515 million plus the assumption of the newspapers' liabilities. Declining circulation and ad revenue for The Inquirer and Daily News caused financial strain, which resulted in the filing for Chapter 11 bankruptcy protection. The company's creditors acquired the newspapers at auction and established a new holding company, Philadelphia Media Network, in 2010.

<span class="mw-page-title-main">TPG Angelo Gordon</span> American investment management company

TPG Angelo Gordon is a global alternative investment manager founded in 1988 by John Angelo and Michael Gordon who together ran the arbitrage department of L.F. Rothschild in the 1980s. The firm focuses on four main investment disciplines: credit, real estate, private equity, and multi-strategy.

James Reid-Anderson is a British businessman who was formerly the president, chairman, and chief executive officer (CEO) of Six Flags Entertainment Corporation. Before working for Six Flags, Anderson was previously a healthcare adviser to both Apollo and the managing board of Siemens AG. Under Reid-Anderson, Dade Behring was acquired by Siemens.

Dade Behring was a company which manufactured testing machinery and supplies for the medical diagnostics industry, based in Deerfield, Illinois and Glasgow, Delaware.

<span class="mw-page-title-main">Jim Friedlich</span> American media executive

James Friedlich is an American media and philanthropy executive. He serves as chief executive officer and executive director of the Lenfest Institute for Journalism, a non-profit organization that supports innovative journalism initiatives nationwide and is the owner of The Philadelphia Inquirer. He serves on the board of directors of digital jobs marketplace Dice Holdings, Inc., and is an investor in several digital media and technology companies. Friedlich held senior operating positions at Dow Jones and The Wall Street Journal and was a board director of CNBC International. He was a seed investor in Business Insider before its sale to Axel Springer in 2015.

Hilco Global is a multinational financial services holding company. It operates over twenty businesses in five continents and specializes in asset valuation, advisory, monetization capital, and disposition services. Headquartered in Northbrook, Illinois, it has offices throughout the world and provides services to companies, their lenders and professional services advisers across a broad spectrum of business categories including retail, commercial, industrial and financial. Hilco Global delivers services focused on maximizing the value of under-performing and excess retail, consumer products and industrial inventory, real estate, intellectual property, including consumer brands, patents, and accounts receivable. Hilco Global is also considered one of the largest distressed investment and advisory companies in the world.

<span class="mw-page-title-main">Mary Pat Christie</span> American investment banker and former First Lady of New Jersey

Mary Pat Christie is an American investment banker who was the First Lady of New Jersey between 2010 and 2018. She is the wife of former New Jersey Governor and 2016 and 2024 presidential candidate Chris Christie.

<span class="mw-page-title-main">Alden Global Capital</span> American hedge fund

Alden Global Capital is a hedge fund based in Manhattan, New York City. It was founded in 2007 by Randall D. Smith, and is a division of Smith Management LLC. Its managing director is Heath Freeman. By mid-2020, Alden had stakes in roughly two hundred American newspapers. The company added more newspapers to its portfolio in May 2021 when it purchased Tribune Publishing and became the second-largest newspaper publisher in the United States.

References

  1. ↑ Fabrikant, Geraldine (1999-01-24). "PRIVATE SECTOR; A Guru to Wall Street's Gurus". The New York Times.
  2. ↑ "Angelo, Gordon & Go corporate website". Archived from the original on 2013-07-28.
  3. ↑ "Angelo Gordon Partner Joins Lending Club". The Street. 2011-09-29. Archived from the original on 2016-03-04. Retrieved 2011-10-03.
  4. ↑ Hepp, Christopher (2010-05-21). "Man who led newspaper lenders' effort resigns". The Philadelphia Inquirer. Archived from the original on March 4, 2016.
  5. ↑ "One Investment Firm Plays Role in 3 Biggest Newspaper Bankruptcies". Poynter Institute. 2009-06-08. Archived from the original on 2009-10-03.
  6. ↑ "One Investment Firm Plays Role in 3 Biggest Newspaper Bankruptcies". Poynter Institute. 2009-06-08. Archived from the original on 2009-10-03.
  7. ↑ "Executive Profile". Businessweek. Retrieved on September 27, 2011.
  8. ↑ "Dade Behring Announces Director's Decision to Leave Board". Business Wire. 2004-11-19.
  9. ↑ "THERMADYNE HOLDINGS CORP, Form 10-K, Annual Report, Filing Date Mar 9, 2010" (PDF). secdatabase.com. Retrieved May 15, 2018.
  10. ↑ "AMERICAN MEDIA OPERATIONS INC, Form 8-K, Current Report, Filing Date Feb 5, 2009". secdatabase.com. Retrieved May 15, 2018.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.