Michael Chu (private equity investor)

Last updated
Michael Chu
Personal details
Born1958 (age 6465)
SpouseElizabeth Kalperis
Education Bates College (BA)
OccupationFinancial executive

James Michael Chu (born 1958) is an American financial executive. He has served as the private equity manager and as the global co-chief executive officer (CEO) of L Catterton since 1989. [1] [2]

Contents

Early life and education

Chu graduated from Bates College in Lewiston, Maine in 1980, earning a Bachelor of Arts degree with major in psychology and economics. At Bates, he was a member of the Board of Trustees from 1995 to 2013. [3]

Executive career

Chu held a variety of senior financial management positions with The First Pacific Company, a Hong Kong publicly listed investment and management company which he joined in early 1983. [3] He founded Catterton-Simon Partners in 1982 with Frank Vest and U.S. Secretary of the Treasury William E. Simon. [4] In 2015, Catterton Partners took on as minor partners Moët Hennessy Louis Vuitton (LVMH) and Groupe Arnault (the family office of Bernard Arnault, bringing together $12 billion in assets as L Catterton. [2] In May 2018, his firm was listed as the 31st largest private equity firm in the world, based on capital raised over the prior five years. [5] In June 2022, L Catterton were ranked 30th in Private Equity International's 2022 PEI 300 ranking. [6] [7]

Personal life

Chu is married to Elizabeth Kalperis Chu and they have two grown children.

See also

Honors

Marshall Scholarship

Related Research Articles

The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and private credit. It is one of the largest mega-funds in the world. In 2015, Carlyle was the world's largest private equity firm by capital raised over the previous five years, according to the PEI 300 index. In the 2023 ranking however, it had slipped to fifth place.

<span class="mw-page-title-main">Kohlberg Kravis Roberts</span> American investment manager

KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. As of December 31, 2022, the firm had completed more than 690 private equity investments in portfolio companies with approximately $700 billion of total enterprise value. As of December 31, 2022, assets under management (AUM) and fee paying assets under management (FPAUM) were $504 billion and $412 billion, respectively.

<span class="mw-page-title-main">LVMH</span> French multinational luxury goods conglomerate

LVMH Moët Hennessy Louis Vuitton, commonly known as LVMH, is a French multinational holding and conglomerate specializing in luxury goods, headquartered in Paris. The company was formed in 1987 through the merger of fashion house Louis Vuitton with Moët Hennessy, which was established following the 1971 merger between the champagne producer Moët & Chandon and the cognac producer Hennessy. In April 2023, LVMH became the first European company to surpass a valuation of $500 billion.

<span class="mw-page-title-main">Bernard Arnault</span> French businessperson (born 1949)

Bernard Jean Étienne Arnault is a French businessman, investor, and art collector. He is the founder, chairman, and CEO of LVMH Moët Hennessy Louis Vuitton, the world's largest luxury goods company. Arnault has an estimated net worth of US$187.6 billion as of October 2023, according to Forbes, making him one of the wealthiest people in the world.

<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. 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. Blackstone is also active in credit, infrastructure, hedge funds, insurance, secondaries, and growth equity. As of June 2023, the company's total assets under management were approximately US$1 trillion, making it the largest alternative investment firm globally.

<span class="mw-page-title-main">Warburg Pincus</span> New York private equity firm

Warburg Pincus LLC is a global private equity firm, headquartered in New York City, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. The firm currently has over $80 billion in assets under management and invests in a range of sectors including retail, industrial manufacturing, energy, financial services, health care, technology, media, and real estate. Warburg Pincus is a growth investor. Warburg Pincus has raised 21 private equity funds which have invested over $100 billion in over 1,000 companies in 40 countries.

Delphine Arnault is a French businesswoman, director and executive vice president at Louis Vuitton, and chairwoman and chief executive officer of Dior. She is the daughter of Bernard Arnault and sister of Antoine Arnault.

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

CVC Capital Partners is a Luxembourg-based private equity and investment advisory firm with approximately US$155 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European and Asian private equity, secondaries and credit funds. 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 650 employees working across its network of 25 offices throughout EMEA, Asia and the Americas.

Thomas H. Lee Partners, L.P. is a prominent American private equity firm headquartered in Boston. The firm focuses on investing in middle market growth companies across various sectors, including financial technology, services, healthcare, technology, and business solutions.

Silver Lake, legally Silver Lake Technology Management, L.L.C., is an American global private equity firm focused on investments in technology, technology-enabled and related industries. Founded in 1999, the firm is one of the largest technology investors in the world. Its investment holdings have included Airbnb, Alibaba Group, Ancestry.com, Broadcom, Credit Karma, City Football Group, Dell Technologies, Diamond Baseball Holdings, Endeavor, Expedia Group, Fanatics, First Advantage, Flixbus, Global Blue, GoDaddy, Jio, Lightbox, Grupo BC de Asesoría Hipotecaria S.L., Motorola Solutions, New Zealand Rugby, NortonLifeLock, Qualtrics, Red Ventures, Sabre Corporation, Skype, SoFi, GLG, Seagate Technology, SolarWinds, TEG, Twitter, Unity Technologies, Waymo, Weld North Education, WP Engine, Vacasa, the A-League football competition in Australia, and ZPG. Silver Lake is headquartered in Silicon Valley, and has offices in New York, London and Hong Kong.

Leonard Green & Partners (LGP) is an American private equity investment firm founded in 1989 and based in Los Angeles. The firm specializes in private equity investments. LGP has invested in over 95 companies since its inception, including Petco and The Container Store.

Norwest Venture Partners (Norwest) is an American venture and growth equity investment firm. The firm targets early to late-stage venture and growth equity investments across several sectors, including cloud computing and information technology, Internet, SaaS, business and financial services, and healthcare. Headquartered in Menlo Park, California, Norwest has offices in San Francisco and subsidiaries in Mumbai, India and Tel Aviv, Israel. The firm has funded more than 650 companies since inception.

L Catterton is a U.S.-headquartered private equity firm. Since 1989, the firm has made more than 250 investments in brands across all segments of the consumer industry.

<span class="mw-page-title-main">Thoma Bravo</span> American private equity firm

Thoma Bravo, LP, is an American private equity and growth capital firm based in Chicago. It is known for being particularly active in acquiring enterprise software companies and has over $130 billion in assets under management as of 2023.

<span class="mw-page-title-main">Francisco Partners</span> American private equity firm

Francisco Partners, legally Francisco Partners Management, L.P., is an American private equity firm focused exclusively on investments in technology and technology-enabled services businesses. It was founded in August 1999 and based in San Francisco with offices in London and New York City.

Partners Group Holding AG is a Swiss-based global private equity firm with US$141.7 billion in assets under management in private equity, private infrastructure, private real estate and private debt.

Wesray Capital Corporation is a private equity firm focusing on leveraged buyout investments. The firm was founded by former US Secretary of the Treasury William E. Simon and former New Jersey Nets owner Ray Chambers.

<span class="mw-page-title-main">Hg (equity firm)</span> British private equity firm

Hg is a private equity firm targeting technology buyouts primarily in Europe and the US. Hg focuses on investments in technology and services sectors. It invests out of its 8th £2.5 billion core fund and its 2nd £575 million Mercury fund, targeting smaller technology buyouts, both raised in February 2017. Both funds were closed on their hard-caps and were more than 3x oversubscribed versus their targets, receiving strong re-ups from existing investors. The company raised its 1st time £1.5B Saturn large-cap fund in March 2018 and in 2020 raised $11B across three funds, Mercury 3, Genesis 9 and Saturn 2.

<span class="mw-page-title-main">MBK Partners</span> South Korean private equity firm

MBK Partners (MBKP) is a South Korean private equity firm focused on North Asia. According to Forbes, MBK Partners is one of the largest private equity firms in Asia, managing $25 billion worth of assets.

References

  1. "J. Michael Chu: Executive Profile & Biography". Businessweek. Bloomberg L.P. Retrieved August 14, 2017.
  2. 1 2 Picker, Leslie (January 5, 2016). "LVMH's Private Equity Arm to Merge With Catterton". The New York Times. Retrieved November 22, 2018.
  3. 1 2 "J. Michael Chu: Executive Profile". www.bloomberg.com. Retrieved November 20, 2018.
  4. Taylor, Alexander (July 16, 1984). "Buyout Binge". Time. ISSN   0040-781X . Retrieved November 15, 2018.
  5. "PEI 300 full report" . Retrieved November 15, 2018.
  6. "PEI 300 2022: KKR beats the crowd to claim PE’s throne". Private Equity International, June 1, 2022.
  7. "PEI 300". Private Equity International, June 1, 2022.