What will the future hold for buyout funds? The panel will discuss the implications of a wide array of issues putting pressure on the industry ranging from the rise of traditional LPs as direct investors to equity markets being near record highs, and explore tailwinds and policies that may boost returns for the industry.
Matthew Michelini '15
Partner, Apollo Global Management
Mr. Michelini is a Partner at Apollo having joined in 2006. Prior to joining Apollo, Mr. Michelini was a member of the Mergers & Acquisitions group at Lazard Frères & Co. from 2004 to 2006. Mr. Michelini serves on the board of directors of Athene Holdings, Athene Asset Management, Aleris International Inc., and previously served on the boards of Metals USA and Noranda Aluminum. At Apollo, Mr. Michelini has executed deals across the world including in North America, Europe, and Asia. Mr. Michelini is actively involved in various charities dedicated to helping underprivileged children in New York City. Mr. Michelini graduated from Princeton University with a BS in Mathematics and a Certificate in Finance and received his MBA from Columbia University.
Adam Glucksman '03
Managing Director, The Carlyle Group
Adam W. Glucksman is a Managing Director with the Carlyle U.S. Equity Opportunity advisory team. He is based in New York.
Since joining Carlyle in 2010, Mr. Glucksman has been actively involved with the Firm’s investments in Dynamic Precision Group (DPG), Service King, Galaxy Brand Holdings (merged with Sequential Brands Group (NASDAQ: SQBG)), Bonotel Exclusive Travel and AxleTech International Holdings, LLC.
Prior to joining Carlyle, Mr. Glucksman was an Operating Advisor at Pegasus Capital Advisors in New York and a Managing Director in the Financial Sponsors and Leveraged Finance groups at BNP Paribas in New York. He also previously served as a senior member of the Corporate Development group at Pitney Bowes, Inc., where he was involved in over 10 transactions representing over $1 billion in invested capital. Mr. Glucksman began his career as a corporate lawyer at Paul, Weiss, Rifkind, Wharton & Garrison and Schulte Roth & Zabel in New York City.
Mr. Glucksman received his M.B.A. from Columbia Business School, his J.D. from the Benjamin N. Cardozo School of Law and his B.A. from Rutgers University.
Mr. Glucksman has served on the Board of Directors of DPG, Service King, Galaxy Brand Holdings (merged with Sequential Brands Group (NASDAQ: SQBG)), and is currently on the Board of Directors of Bonotel Exclusive Travel and AxleTech International Holdings, LLC.
Devraj Roy '05
Partner, Irving Place Capital
Devraj Roy is a Partner of Irving Place Capital. Mr. Roy has more than 15 years of private equity investing and financial advisory experience. He focuses on investments in industrial manufacturing and distribution companies. Since joining Irving Place Capital in 2005, Mr. Roy has been involved in evaluating and executing investments in the industrial, consumer and retail products, and financial services industries. Prior to joining Irving Place Capital in 2005, Mr. Roy worked as an associate of Parthenon Capital. At Parthenon Capital, Mr. Roy focused on investments in industrial distribution, consumer products and healthcare services. Prior to Parthenon Capital, Mr. Roy was with the investment banking division of Salomon Smith Barney.
Mr. Roy received his M.B.A. from Columbia Business School and B.A. degree, magna cum laude, from Yale University.
Derek Strum '07
Parner, Clayton, Dubilier & Rice
Mr. Strum joined CD&R in 2003. He has played a key role in the Firm’s investments in agilon health, AssuraMed, Drive DeVilbiss Healthcare, Envision Healthcare, Healogics, PharMEDium and VWR International. He currently serves as a Director of agilon health, Drive and Healogics. Previously, he worked in the investment banking division of Morgan Stanley and at York Capital Management, a multi-strategy investment firm. Mr. Strum graduated from Emory University with a B.A. in economics and earned an M.B.A. from Columbia Business School.
Moderator: Armand Della Monica
Partner, Kirkland & Ellis LLP
Armand Della Monica is a partner in the M&A/Private Equity Practice Group in the New York office of Kirkland & Ellis LLP. His practice focuses on domestic and cross-border buyouts, mergers and acquisitions and growth equity investing. Armand serves as lead counsel to large and middle market buyout funds and to public and privately owned companies in variety of complex transactions, including leveraged acquisitions, divestitures, joint ventures, corporate restructurings and workouts. Armand has broad experience counseling clients in a variety of industries, including health care, business services, software, telecom, cable, broadcast, media, insurance and consumer products. He received his J.D. from The George Washington Law School and B.A. from the University of Vermont.