Patrick Walsh (investor)

Last updated

Patrick Walsh (born December 26, 1975) is an entrepreneur and investor in the United States. He is the founder and CEO of PW Partners, LLC, an investment management firm.

Contents

Early life and education

Patrick Walsh the 2018 EY Entrepreneur of the Year award winner in the New York region. Patrick Walsh .jpg
Patrick Walsh the 2018 EY Entrepreneur of the Year award winner in the New York region.

Walsh studied economics at Wesleyan University and played football and baseball [1] [2] until he suffered a severe back injury playing football. He transferred to Boston College after his freshman year and graduated with a degree in accounting. After graduation, he earned the Chartered Financial Analyst designation. [3]

Early business career

Walsh worked from 1998 to 2004 at Prudential Capital Group and Prudential Securities in real estate private equity and equity research; from 2004 to 2008 at Deutsche Bank as an investment banker and at a private hedge fund based in Chicago from 2008 to 2011. [3]

A 2014 article in Restaurant Finance Monitor stated that "each of the chains with which he has become involved has thrived on Wall Street in his wake." [4]

In 2018 Walsh won the New York region of the 2018 Ernst & Young Entrepreneur of the Year Award. [5] [6]

Related Research Articles

A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and accredited investors.

In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships, which invest in and restructure private companies. A private-equity fund is both a type of ownership of assets and is a class of assets, which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange.

<span class="mw-page-title-main">Financial services</span> Economic service provided by the finance industry

Financial services are economic services provided by the finance industry, which together encompass a broad range of service sector firms that provide financial management, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises.

<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 Q1 2023, the company's total assets under management were approximately US$991 billion, making it the largest alternative investment firm globally.

<span class="mw-page-title-main">D. E. Shaw & Co.</span> U.S.-based investment management firm

D. E. Shaw & Co., L.P. is a multinational investment management firm founded in 1988 by David E. Shaw and based in New York City. The company is known for developing complicated mathematical models and sophisticated computer programs to exploit anomalies in the financial market. As of June 1, 2021, D. E. Shaw manages $55 billion in AUM, $35 billion of which are alternative investments and the remaining $20 billion long-oriented investments. In 2018, Institutional Investor reported that among hedge funds, D. E. Shaw had delivered the fifth-highest returns in the world since its inception.

A private investment in public equity, often called a PIPE deal, involves the selling of publicly traded common shares or some form of preferred stock or convertible security to private investors. It is an allocation of shares in a public company not through a public offering in a stock exchange. PIPE deals are part of the primary market. In the U.S., a PIPE offering may be registered with the Securities and Exchange Commission on a registration statement or may be completed as an unregistered private placement.

A "fund of funds" (FOF) is an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities. This type of investing is often referred to as multi-manager investment. A fund of funds may be "fettered", meaning that it invests only in funds managed by the same investment company, or "unfettered", meaning that it can invest in external funds run by other managers.

A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity. Private equity funds are typically limited partnerships with a fixed term of 10 years. At inception, institutional investors make an unfunded commitment to the limited partnership, which is then drawn over the term of the fund. From the investors' point of view, funds can be traditional or asymmetric.

Ropes & Gray LLP is a global law firm with 13 offices located in the United States, Asia and Europe. The firm has more than 1,500 lawyers and professionals worldwide, and its clients include corporations and financial institutions, government agencies, universities, and health care organizations. It was founded in 1865 in Boston, Massachusetts by John Codman Ropes and John Chipman Gray.

Seamless North America LLC is an online food ordering service that allows users to order food for delivery and takeout from restaurants through their website or suite of mobile apps.

<span class="mw-page-title-main">Ian Wace</span> British financier (born 1963)

Ian Gerald Patrick Wace is a British financier who co-founded Marshall Wace Asset Management, a London-based hedge fund with Paul Marshall in 1997. He and Marshall, along with another hedge fund manager Arpad Busson, co-founded a children's non-profit, Absolute Return for Kids (ARK) in 2001.

Ashley Stewart is an American plus size women's clothing company and lifestyle brand, which was founded in 1991. The name Ashley Stewart was inspired by Laura Ashley and Martha Stewart, who the company saw as icons of upscale Americana.

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

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

Elliott Investment Management is an American investment management firm. It is also one of the largest activist funds in the world.

<span class="mw-page-title-main">Julien Balkany</span>

Julien Balkany is a French businessman and an investor based in London. He is the younger half-brother of former French Member of Parliament and former Mayor of Levallois, Patrick Balkany. He is the Chairman of Panoro Energy ASA, the Norwegian oil & gas company based in London as well as the cofounder of the private investment company Nanes Balkany Partners based in New York. He also ran for office in the June 2012 French Parliament election but was defeated.

Brad Keywell is an American entrepreneur from Michigan. He is the founder and executive chairman of Uptake Technologies, an industrial AI software provider. He is a co-founder of Tempus Labs, co-founder of Groupon, Echo Global Logistics, Mediaocean, DRIVIN, and Lightbank. He is the founder of WNDR Museum and Chicago Ideas. As of December 2021, his net worth was estimated at US$ 2.7 billion. Keywell is the recipient of the 2019 EY World Entrepreneur Of The Year award, after receiving the overall USA EY Entrepreneur of the Year award in 2018.

<span class="mw-page-title-main">Blue Harbour Group</span>

Blue Harbour Group was an American investment firm that managed capital for pension funds, endowments, sovereign wealth funds, labor unions and other institutional investors. The company was based in Greenwich, Connecticut.

Andrew Kuper is a South African-Australian serial entrepreneur and investor in emerging markets. As a pioneer of Profit with Purpose business, Kuper has been credited with the birth of a virtuous new asset class. He is the founder and CEO of LeapFrog Investments, a specialist investor in emerging markets, investing in financial services and healthcare. Former United States President Bill Clinton announced the launch of the company in 2008, recognising it for opening new frontiers in alternative investing. LeapFrog has since attracted $2 billion USD from global investors. In 2017, Fortune ranked LeapFrog Investments as one of the top 5 Companies to Change the World, alongside Apple and Novartis. Originally from South Africa, Kuper now resides in Sydney, Australia and spends time in LeapFrog's offices in Europe, Africa and Asia.

<span class="mw-page-title-main">Coatue Management</span> American Investment Management Firm

Coatue is an American technology-focused investment manager led by founder and portfolio manager Philippe Laffont. Coatue invests in public and private markets with a focus on technology, media, telecommunications. the consumer and healthcare sectors. Coatue has offices in New York City, Menlo Park, California, London, Shanghai and Hong Kong.

Katherine 'Kate' Taaffe Richard is an American business woman and the founder of Warwick Investment Group, a private equity firm focused on real assets with approximately $2.3 billion in managed assets. Warwick Investment Group is a SEC-registered investment advisor, managing funds that invest globally in natural resources and real estate. Warwick has an established track record in strategic consolidation in these sectors, having completed more than 4,000 transactions since inception. The firm has ~75 team members and advisors across offices in Oklahoma City, Dallas, New York and London, investing across private equity funds, special purpose vehicles and open-ended structures. Warwick also manages capital for pension funds in 8 of the 50 states.

References

  1. "Pat Walsh". Wesleyan Athletics. Retrieved May 11, 2018.
  2. "Pat Walsh". Wesleyan Athletics. Retrieved May 11, 2018.
  3. 1 2 Gara, Antoine. "Meet Patrick Walsh, The Do-It-Yourself Hedge Fund Activist You've Never Heard Of". Forbes. Retrieved May 7, 2018.
  4. "Activist Bug Bites BJ's Restaurants - Restaurant Industry Insight and Analysis - March 2014". www.restfinance.com. Retrieved May 15, 2018.
  5. "Meet the 2018 Finalists".
  6. EY. "EY Announces Winners for the Entrepreneur Of The Year® 2018 New York Award". www.prnewswire.com. Retrieved June 13, 2018.