Mark Gallogly

Last updated
Mark Gallogly
Personal details
Born (1957-01-18) January 18, 1957 (age 67)
Education University of Notre Dame (BA)
Columbia University (MBA)

Mark T. Gallogly (born 1957) is an American private equity investor, [1] philanthropist, climate change advocate [2] and major donor to Democratic candidates and causes. [3] [4] 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.

Contents

Early life and education

Gallogly was born on January 18, 1957, in Providence, Rhode Island, 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. [5] [6] 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. [7]

Career

Gallogly spent his early career in the Acquisition Finance Group at Manufacturers Hanover Trust Company. [8] He received his MBA at Columbia Business School through a professional development program offered by Manufacturers Hanover. [9] He joined the Blackstone Group in 1989, where he rose to become head of private equity and served on the firm's management and investment committees. [10]

In 2005, Gallogly co-founded Centerbridge Partners with Jeff Aronson. The name of the firm originated with the concept of bridging Gallogly's private equity expertise and Aronson's credit investing background. [11] In 2007 he helped create the Centerbridge Foundation with a stated mission to increase access to educational and economic opportunities in the communities where Centerbridge Partners has offices. [12]

In 2015 Gallogly and his wife, Lise Strickler, founded Three Cairns Group, a multi-strategy firm engaged in addressing the climate crisis through venture investing, philanthropy and public policy advocacy. [2] [13] Three Cairns Group's work also includes equitable access to education, mental health services, and careers. [14]

Public Service

Under President Barack Obama, Gallogly 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. [15] In 2021, he joined a climate team formed by U.S. Special Presidential Envoy for Climate John Kerry [16] to engage the private sector in decarbonization efforts. He left after helping establish connections with major financial institutions. [17]

Board seats and council memberships

Personal life

Gallogly married Lise Strickler, a climate and environmental advocate, [14] in September 1987. [22] Gallogly and Strickler met in the MBA program at Columbia Business School. [9]  They have three daughters and reside in New York City. [7] As of 2021, Gallogly and his wife had donated nearly $12 million to Democrats since 1992, including $5 million to Joe Biden and other Democrats in the 2020 United States elections. [23] He has been a supporter of the Joe Biden 2024 presidential campaign, hosting a campaign fundraiser at his Central Park West home in 2023. [24]

Related Research Articles

<span class="mw-page-title-main">Blackstone Inc.</span> American alternative investment company

Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman Brothers. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate across the globe. Blackstone is also active in credit, infrastructure, hedge funds, secondaries, growth equity, and insurance solutions. As of May 2024, Blackstone has more than US$1 trillion in total assets under management, making it the world's largest alternative investment firm.

<span class="mw-page-title-main">Clayton, Dubilier & Rice</span> American private equity company

Clayton, Dubilier & Rice, LLC (CD&R) is an American private equity company. CD&R is the 24th oldest Private Equity firm in the world. CD&R has managed the investment of more than $30 billion in approximately 90 businesses, representing a broad range of industries with an aggregate transaction value in excess of $140 billion. Approximately half of CD&R's investments have involved corporate divestitures.

<span class="mw-page-title-main">CVC Capital Partners</span> British private equity and investment advisory firm

CVC Capital Partners plc is a Jersey-based private equity and investment advisory firm with approximately €186 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European, and Asian private equity, secondaries, credit funds and infrastructure. As of 31 December 2021, the funds managed or advised by CVC are invested in more than 100 companies worldwide, employing over 450,000 people in numerous countries. CVC was founded in 1981 and, as of 31 March 2022, has over 850 employees working across its network of 25 offices throughout EMEA, Asia and the Americas.

<span class="mw-page-title-main">Susan McCaw</span> American businesswoman, former diplomat and philanthropist

Susan Rasinski McCaw is an American businesswoman, former diplomat and philanthropist. She was a major fundraiser for the George W. Bush 2004 presidential campaign, and was appointed by the Bush administration as U.S. Ambassador to the Republic of Austria (2005–2007). She is currently President of SRM Capital Investments, a private investment firm. Previously, she worked at Robertson Stephens & Co., as President of COM Investments and as its Principal.

Andrew Hauptman is an American business executive, philanthropist, and civic leader. Hauptman co-founded the investment firm Andell Holdings which he has helmed since its inception in 1998 and has grown into one of the leading family office entities in the nation.

The President's Council on Jobs and Competitiveness, originally the President's Economic Recovery Advisory Board (PERAB), was an ad hoc panel of non-governmental experts from business, labor, academia and elsewhere that President of the United States Barack Obama created on February 6, 2009. The board reported to Obama and his economic team on possible ways to improve the nation's economy. Obama announced this new board on November 26, 2008, and also announced that it would be chaired by former Federal Reserve Chairman Paul Volcker with campaign economic adviser Austan Goolsbee as staff director and chief economist.

<span class="mw-page-title-main">Glenn Hutchins</span> American businessman and investor (born 1955)

Glenn Hogan Hutchins is an American businessman and investor. He is a private equity investor focused on the technology sector, chairman and co-founder of North Island, and co-founder of Silver Lake Partners.

<span class="mw-page-title-main">Ajay Banga</span> American business executive (born 1959)

Ajaypal Singh "Ajay" Banga is an Indian-born American business executive. He is currently the president of the World Bank Group. He was the executive chairman of Mastercard, after having previously served as president and chief executive officer (CEO) of the company from July 2010 until December 31, 2020. He retired from this position on December 31, 2021, and joined General Atlantic as its vice chairman.

James Tomilson "Tom" Hill III is an American billionaire hedge fund manager, the former president and CEO of Blackstone Alternative Asset Management (BAAM), Blackstone Group's hedge funds business.

<span class="mw-page-title-main">Centerbridge Partners</span> Multi-strategy private investment firm

Centerbridge Partners, L.P. is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities.

<span class="mw-page-title-main">John J. Studzinski</span> American-British investment banker and philanthropist

John Joseph Paul Studzinski, CBE is an American-British investment banker and philanthropist. Since September 2018 he has been Managing Director and Vice Chairman of the global investment-management firm PIMCO.

Jonathan D. Gray is an American billionaire businessman who is the president and chief operating officer of Blackstone Group, a New York–based asset management firm. He is also the chairman of Hilton Worldwide.

<span class="mw-page-title-main">Jonathan Lavine</span> American businessman

Jonathan Scott Lavine is an American businessman serving as Chair of Bain Capital. He founded Bain Capital Credit and Special Situations in 1998. He also served as Co-Managing Partner of Bain Capital from 2016 – 2024. Lavine is also a philanthropist. He was the Co-Chair of the Board of Trustees of Columbia University from 2018 to 2022. In 2022, he served as chair, and in 2023, was named Chair Emeritus.

Hamilton Evans "Tony" James is an American billionaire investment banker. He is the former president, chief operating officer, and executive vice chairman of Blackstone, a New York–based global asset management firm. James has been chairman of the multinational retail chain Costco since August 2017. Since 2021, he has been co-chair of the board of trustees of the Metropolitan Museum of Art in New York.

<span class="mw-page-title-main">Bruce Heyman</span> American diplomat and banker (born 1958)

Bruce Alan Heyman is an American businessman, author, and former diplomat who served as U.S. Ambassador to Canada from 2014 to 2017 under President Barack Obama.

<span class="mw-page-title-main">Laetitia Garriott de Cayeux</span> American entrepreneur and executive (born 1978)

Laetitia Garriott de Cayeux is an American entrepreneur and business executive. She is the founder and managing partner of Global Space Ventures, a venture capital firm, serves on the United States Department of Defense Defense Science Board, and was the president and chief operating officer of Escape Dynamics.

<span class="mw-page-title-main">Jeff Aronson</span> American businessman

Jeffrey Aronson is an American businessman and philanthropist. He co-founded the private investment firm Centerbridge Partners in 2005 with Mark T. Gallogly.

<span class="mw-page-title-main">Brenda Mallory (public official)</span> American government official (born 1957)

Brenda Mallory is an American lawyer specializing in environmental law who is the current chair of the Council on Environmental Quality in the Biden administration. She previously served as director of regulatory policy at the Southern Environmental Law Center, and helped lead the Climate 21 Project.

Deven Parekh is an American venture capitalist, philanthropist, Democratic fundraiser and public servant. He is managing director at Insight Partners, a New York City venture capital and private equity firm. Parekh is a noted donor and fundraiser for Democratic politicians. He has served in multiple government advisory roles, and is currently a member of the board of directors for the Council on Foreign Relations and the US International Development Finance Corporation.

Jon A. Ballis is the Chairman of Kirkland & Ellis, the largest law firm in the world by revenue. In 2018 Ballis was named to succeed Jeffrey Hammes as Chairman beginning in February, 2020.

References

  1. ↑ Louch, William (2019-11-14). "Centerbridge Co-Founder Mark Gallogly Prepares to Retire". WSJ. Retrieved 2023-06-29.
  2. 1 2 "Today's Climate Leaders". Columbia Business Magazine. Retrieved 2023-08-21.
  3. ↑ "Jon Gray, Mark Gallogly Among Hosts for Biden Fundraisers in NYC". Bloomberg.com. 2023-06-28. Retrieved 2023-06-29.
  4. ↑ Schwartz, Brian (2020-11-02). "Joe Biden's fundraiser list includes more than 30 executives with Wall Street ties". CNBC. Retrieved 2023-06-29.
  5. ↑ "Edward P. Gallogly Obituary". The New York Times. 1995-04-22. Retrieved 2020-03-16.
  6. ↑ "La Salle Academy Hall of Fame Providence, RI". www.lasalle-academy.org. Retrieved 2020-12-24.
  7. 1 2 3 "Columbia University Office of the Secretary Mark Gallogly, Vice Chair". Columbia University. Retrieved 2023-08-21.
  8. ↑ 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.
  9. 1 2 "Mark T. Gallogly '86: Distinguished Leadership in Business Award". Columbia Business School. Retrieved 2020-05-15.
  10. ↑ "Freedom Recapitalization Completed". Blackstone Press Release. 2004-05-18. Retrieved 2020-04-07.
  11. ↑ Sender, Henny (2006-12-15). "Centerbridge Over Troubled Waters: New Fund Mixes Buyouts, Bad Debt". The Wall Street Journal. Retrieved 2020-04-07.
  12. ↑ "Centerbridge Foundation". Impact Space. Retrieved 2020-04-08.
  13. ↑ Louch, William (November 14, 2019). "Centerbridge Co-Founder Mark Gallogly Prepares to Retire". The Wall Street Journal. Retrieved 2019-12-10.
  14. 1 2 "Lise Strickler - EANY". Environmental Advocates New York. Retrieved 2020-12-24.
  15. ↑ "President Obama Speaks to the Council on Jobs and Competitiveness". YouTube. 2012-01-17. Archived from the original on 2021-12-21. Retrieved 2020-05-15.
  16. ↑ Miao, Hannah (2021-03-04). "Biden climate envoy John Kerry talking to banks, asset managers about mobilizing capital for clean energy". CNBC. Retrieved 2023-06-29.
  17. ↑ Hans, Nichols (2021-06-30). "Scoop: Wall Street vet leaving Kerry's climate team". Axios. Retrieved 2023-08-21.
  18. ↑ "Columbia University Task Force On Climate: Report" (PDF). Columbia University. 2019-12-01. Retrieved 2020-12-24.
  19. ↑ "CEOs and Chairs to Join World Bank Private Sector Investment Lab". World Bank. 2023-07-10. Retrieved 2023-08-21.
  20. ↑ "Advisory Council, Mark T. Gallogly". The Hamilton Project. Retrieved 2020-03-30.
  21. ↑ "CFR Membership Roster". Council on Foreign Relations. Retrieved 2020-03-30.
  22. ↑ "Lise Strickler Becomes Bride". The New York Times. 1987-09-13. Retrieved 2020-12-29.
  23. ↑ Rood, Justin. "The Biden administration has named a secretive private equity mogul with significant investment interests in climate-related businesses to help shape the US's response to the climate crisis". Business Insider. Retrieved 2024-01-31.
  24. ↑ "Centerbridge Co-Founder Gallogly to Host Biden Fundraiser in NYC". Bloomberg.com. 2023-06-29. Retrieved 2024-01-31.
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.