Mark Patterson (investor)

Mark Patterson is a South African born American private equity and hedge fund businessman, notable for co-founding, along with David Matlin, the private equity firm MatlinPatterson Global Advisors of which he has been Chairman since 2002.[1]

Investment career

After matriculating from St. Andrew's College, Grahamstown[2] Patterson went on to study Law and Economics at Stellenbosch University and an M.B.A. from New York University Stern School of Business.[3]

Early in his career, Patterson worked in leveraged finance at Credit Suisse, Scully Brothers & Foss, Salomon Brothers and Bankers Trust.[3]

Patterson worked with David Matlin at Credit Suisse and previously at Scully Brothers & Foss.[3]

Along with Matlin, Patterson founded MattlinPatterson, a private equity firm.

In 2002, the firm launched its first fund and received a $200 million investment from Credit Suisse. Credit Suisse did not invest in the firm's second fund, but did invest in the third fund.[4]

The funds have invested in many companies, including XL Health, NRG, Huntsman Corporation, CalAtlantic Homes, Gleacher & Co. (formerly Broadpoint Securities), Thornberg Mortgage, Flagstar Bank, Minara, Polymer Group, Ormet, ATA Airlines, Arrow Air, and Varig Logistica.

Motorsport career

Having previously raced with Michael Shank Racing, Patterson now races in the European Le Mans Series with United Autosports.[5]

Racing Record

24 Hours of Le Mans results

Year Team Co-Drivers Car Class Laps Pos. Class
Pos.
2013 Republic of Ireland Murphy Prototypes New Zealand Brendon Hartley
India Karun Chandhok		 Oreca 03-Nissan LMP2 319 12th 6th
2014 United Kingdom Ram Racing United Kingdom Johnny Mowlem
United Kingdom Archie Hamilton		 Ferrari 458 Italia GT2 GTE
Am		 319 32nd 12th
2015 Republic of Ireland Murphy Prototypes France Nathanaël Berthon
India Karun Chandhok		 Oreca 03R-Nissan LMP2 347 13th 5th
2016 Taiwan Team AAI United Kingdom Oliver Bryant
United States Johnny O'Connell		 Chevrolet Corvette C7.R GTE
Am		 306 39th 9th
2017 Portugal Algarve Pro Racing United States Matt McMurry
France Vincent Capillaire		 Ligier JS P217-Gibson LMP2 330 32nd 15th
2018 Portugal Algarve Pro Racing Netherlands Ate de Jong
South Korea Tacksung Kim		 Ligier JS P217-Gibson LMP2 237 DNF DNF

References

  1. ↑ "Company overview". Bloomberg BusinessWeek.
  2. ↑ Chishakwe, Tai (October 3, 2014). "The Most Expensive Boarding Schools in the Eastern Cape are..." R News.
  3. 1 2 3 Executive Profile Mark R. Patterson
  4. ↑ Tracy, Tennille (April 6, 2007). "Credit Suisse Renews Ties With MatlinPatterson". The Wall Street Journal. (subscription required)
  5. ↑ {{cite web url=http://sportscar365.com/lemans/elms/boyd-england-patterson-return-to-united-autosports-for-elms/|title=Boyd, England, Patterson Return to United Autosports in LMP3|date=5 January 2017| accessdate=19 May 2017}}


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