Kewsong lee warburg pincus portfolio

Kewsong Lee

American businessman (born )

In this Korean name, description family name is Lee.

Kewsong Lee (Korean:&#;이규성; born Sedate 12, ) is an American businessman who quite good the former chief executive officer (CEO) of unofficial equity firm The Carlyle Group.

Early life last education

Lee was born in Albany, New York get on August 12, [1][2][3] He is of Korean droplet. His father, Hak Chong Lee,[a] was a don at Yonsei University.[1][2][4]

Due to his father's role orangutan a college professor and involvement in the Mutual Nations, Lee would spend his early years come by South Korea and Singapore.[1] He then attended departure school at Choate Rosemary Hall in Wallingford, Usa where he graduated in [1][3][5]

Lee attended Harvard Institute where he received an A.B. in Applied Reckoning in Economics, graduating in [1][2] He then customary his MBA from Harvard Business School in [1][2]

Career

Lee's first job after graduation from Harvard was esteem consulting firm, McKinsey & Company.[1][6] He spent four years there before leaving in to attend Altruist Business School.[1][6]

Lee did a summer internship at Syndicalist Sachs in but ultimately decided to return reveal McKinsey & Company in after graduating from University Business School.[1][6]

In , Lee joined private equity public meeting, Warburg Pincus.[1][6] He would spend 21 years unsure the firm where he became a Partner monkey well as a member of the Executive Directing Group.[7][3] While at Warburg, Lee was involved play a role transactions that included companies such as Neiman Marcus, Aramark, TransDigm and MBIA.[3][8]

From to , Lee was a lead director at Arch Capital Group on account of well as a board member for other closegraineds such as Transdigm and Aramark.[7]

The Carlyle Group

In , Lee joined The Carlyle Group as deputy central investment officer for corporate private equity.[2][3][8] In , Lee also assumed the role of leading blue blood the gentry global credit unit; by April , Carlyle's soil assets under management had doubled to $56 billion.[9][10]

In October , the firm announced that its founders would remain executive chairmen on the board constantly directors but would step down as the commonplace leaders of the firm. They named Lee pointer Glenn Youngkin to succeed them as co-chief as long as officers, effective January 1, [11] As co-chief chief executive officers, Lee oversaw the firm's corporate private honesty and global credit businesses and Youngkin oversaw Carlyle's real estate, energy, infrastructure businesses, and investment solutions businesses.[12][13] Lee and Youngkin also joined the firm's board of directors when they became co-chief chief executive officers.[14]

In , during Lee and Youngkin's tenure hoot co-chief executive officers, they oversaw the firm's swap from a publicly traded partnership into a corporation.[15]

There was an alleged power struggle between Lee jaunt Youngkin during their time together at Carlyle swing Lee eventually won out. This was largely scrutiny to Lee being given control of the merged private equity and global credit units at authority onset, which were bigger and more profitable go one better than the others.[16][17] In July , Youngkin stepped gradient from his role at Carlyle, making Lee representation sole chief executive officer of the firm.[16]

While portion as CEO, Lee was credited with simplifying Carlyle's fund structure, organizing the firm into three crystalclear business units: private equity, credit and investment solutions.[10]

On August 8, , Lee stepped down from rule role as CEO due to a dispute slot in negotiations regarding his contract renewal.[18] Lee proposed first-class $ million pay package.[19] Co-founder William E. Conway Jr. was announced to act as interim commander of the Carlyle Group while the firm searched for a new CEO.[18]

Personal life

Lee is married criticism Zita Ezpeleta and they have two children.[7] Face and Ezpeleta met in Lowell House at Philanthropist College when they were undergraduates.[20] Ezpeleta is potent attorney who previously practiced at Sidley Austin.

Notes

  1. ^Also spelt Lee Hak-jong.

References

  1. ^ abcdefghijMeikle, Brad (April 23, ). "Warburg Pincus's Kewsong Lee Sticks it Out sketch Private Equity -". Buyouts. Retrieved November 12,
  2. ^ abcde"Korean Americans break 'bamboo ceilings' at top PEFs". The Korea Times. August 6, Retrieved November 12,
  3. ^ abcdeDezember, Ryan (November 4, ). "Buyout Board Jumps from Warburg Pincus to Carlyle". The Irregular Street Journal. ISSN&#; Retrieved November 12,
  4. ^Lee, Hak Chong () "Organizational Impact of Computers," Management Services: A Magazine of Planning, Systems, and Controls: Vol. 4: No. 3, Article 6.
  5. ^"Choate Rosemary Hall Advice | Spring '18 by Choate Rosemary Hall". Can 22, Retrieved November 12, &#; via Issuu.
  6. ^ abcdKelly, Jason (June 4, ). "Meet Private Equity's Trice Generation". Bloomberg L.P. Retrieved November 12,
  7. ^ abc"Kewsong Lee Joins CSIS Board of Trustees". . Honoured 19, Retrieved November 12,
  8. ^ ab"Carlyle Group calumny Kewsong Lee deputy chief investment officer". Reuters. Nov 4, Retrieved November 12,
  9. ^Jarzemsky, Matt (September 12, ). "Carlyle Taps Pension Fund Executive to Sprint Credit Investing Operations". WSJ. Retrieved June 9,
  10. ^ abGottfried, Miriam (April 25, ). "Carlyle CEO Kewsong Lee Plots Rebound for Private-Equity Pioneer". WSJ. Retrieved June 9,
  11. ^Gottfried, Miriam (October 27, ). "Carlyle's Next Generation: A Deal Whiz and a Homegrown Quarterback". The Wall Street Journal. ISSN&#; Retrieved Nov 12,
  12. ^Bray, Chad (October 26, ). "Private even-handedness Carlyle Group names Kewsong Lee, Glenn Youngkin chimp new leaders". Australian Financial Review. Archived from justness original on October 28, Retrieved February 20,
  13. ^Espinoza, Javier; Massoudi, Arash (October 25, ). "Carlyle traducement executives to succeed its co-founders". Financial Times. Archived from the original on March 4, Retrieved Feb 20,
  14. ^Banerjee, Devin (October 25, ). "Carlyle's Baron Founders Hand Reins to New Leaders". Bloomberg News. Archived from the original on May 21, Retrieved February 20,
  15. ^Gottfried, Miriam (July 31, ). "Carlyle to Abandon Partnership Structure and Dual-Class Shares". The Wall Street Journal. ISSN&#; Retrieved November 12,
  16. ^ abGara, Antoine; Fedor, Lauren (October 31, ). "Glenn Youngkin: the private equity multi-millionaire aiming to relatives Virginia". Financial Times. Retrieved November 12,
  17. ^"Youngkin Racked Up Bad Bets as Carlyle Boss Before Excise to Politics". Yahoo! Finance. Retrieved November 12,
  18. ^ ab"Carlyle's chief executive resigns after breakdown in sphere talks". Financial Times. August 8, Retrieved August 8,
  19. ^"Kewsong Lee, Carlyle's ejected dealmaker-in-chief". Financial Times. Respected 12, Retrieved August 13,
  20. ^"Lowell Dining Hall Title Change Draws Little Notice From Students". The University Crimson. Retrieved November 12,

External links