Mark Patterson (investor)
Encyclopedia
Mark Patterson is a South African born private equity
hedge fund
venture capitalist of caucasian
descent, notable for co-founding the private equity firm MatlinPatterson Global Advisors
.
Along with David Matlin and Lap Chan, they make up the private equity firm MatlinPatterson Global Opportunities.
Patterson's firm, MattlinPatterson is known for acquiring a series of companies in a range of industries, including NRG, Huntsman Chemical Croporation, Standard Pacific Homes
, Gleacher & Co. (formerly Broadpoint Securities), Thornberg Mortgage, Flagstar Bank and ATA Holdings
and Varig.
Prior to co-founding MatlinPatterson , Patterson had worked with David Matlin at Credit Suisse
and previously at Scully Brothers & Foss. Prior to founding the firm, Patterson, the older of the two founders, had worked in various positions, particularly in Leveraged Finance, at Credit Suisse
, Scully Brothers & Foss, Salomon Brothers
and Bankers Trust
.
When the firm raised its first fund in 2002, it did so with more than $250 million of capital from Credit Suisse
. Credit Suisse did not invest in the firm's second fund, but did invest in the third fund.
Patterson received degrees in Law and Economics from South Africa's Stellenbosch University
and an M.B.A. from New York University
's Stern School of Business. Currently races with Michael Shank Racing (http://www.michaelshankracing.com/drivers/)
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
hedge fund
Hedge fund
A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...
venture capitalist of caucasian
Caucasian race
The term Caucasian race has been used to denote the general physical type of some or all of the populations of Europe, North Africa, the Horn of Africa, Western Asia , Central Asia and South Asia...
descent, notable for co-founding the private equity firm MatlinPatterson Global Advisors
MatlinPatterson Global Advisors
MatlinPatterson Global Advisers is a private equity firm focused on distressed investments across a range of industries. Typically the firm seeks to make control investments in the companies in which it invests....
.
Along with David Matlin and Lap Chan, they make up the private equity firm MatlinPatterson Global Opportunities.
Patterson's firm, MattlinPatterson is known for acquiring a series of companies in a range of industries, including NRG, Huntsman Chemical Croporation, Standard Pacific Homes
Standard Pacific Homes
Standard Pacific Homes is the nation's 12th largest homebuilder, based in Irvine, California engaged in the development of single-family and multi-family homes. Standard Pacific has built homes for more than 113,000 families during its 46-year history. The Company constructs homes within a wide...
, Gleacher & Co. (formerly Broadpoint Securities), Thornberg Mortgage, Flagstar Bank and ATA Holdings
ATA Airlines
ATA Airlines, Inc., formerly known as American Trans Air, was an American low-cost scheduled service and charter airline based in Indianapolis, Indiana. ATA operated scheduled passenger flights throughout the US mainland and Hawaii, as well as military and commercial charter flights around the world...
and Varig.
Prior to co-founding MatlinPatterson , Patterson had worked with David Matlin at Credit Suisse
Credit Suisse
The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...
and previously at Scully Brothers & Foss. Prior to founding the firm, Patterson, the older of the two founders, had worked in various positions, particularly in Leveraged Finance, at Credit Suisse
Credit Suisse
The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...
, Scully Brothers & Foss, Salomon Brothers
Salomon Brothers
Salomon Brothers was a bulge bracket, Wall Street investment bank. Founded in 1910 by three brothers along with a clerk named Ben Levy, it remained a partnership until the early 1980s, when it was acquired by the commodity trading firm Phibro Corporation and then became Salomon Inc. Eventually...
and Bankers Trust
Bankers Trust
Bankers Trust was an historic American banking organization. The bank merged with Alex. Brown & Sons before being acquired by Deutsche Bank in 1998.-History:A consortium of banks created Bankers Trust to perform trust company services for their clients....
.
When the firm raised its first fund in 2002, it did so with more than $250 million of capital from Credit Suisse
Credit Suisse
The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...
. Credit Suisse did not invest in the firm's second fund, but did invest in the third fund.
Patterson received degrees in Law and Economics from South Africa's Stellenbosch University
Stellenbosch University
Stellenbosch University is a public research university situated in the town of Stellenbosch, South Africa. Other nearby universities are the University of Cape Town and University of the Western Cape....
and an M.B.A. from New York University
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
's Stern School of Business. Currently races with Michael Shank Racing (http://www.michaelshankracing.com/drivers/)