Nationality American Spouse Susan Hatkoff Patricoff Role Investor | Name Alan Patricof Occupation Businessman | |
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Full Name Alan Joel Patricof Born 1934 (age 80–81) New York, New York Alma mater Ohio State University
Columbia University (MBA) Known for Founder of private equity firm Apax Partners Residence New York City, New York, United States Children Jamie Patricof, Mark F. Patricof, Jonathon Cale Patricof Grandchildren Riley Patricof, Chloe Patricof, Sawyer Patricof, Lily Patricof, Jon Patricof Jr., Nina Patricof Education Ohio State University, Columbia Business School, Columbia University Similar People Jamie Patricof, Ronald Cohen, Kelly Sawyer, Thomas H Lee | ||
Alan patricof on fox business news with when i work
Alan Patricof (born 1934) is an American investor and one of the early pioneers of the venture capital and private equity industries. Patricof founded Apax Partners (based on a play on Patricof's name: Alan Patricof Associates Cross (x) Border), which is today one of the largest private equity firms globally.
Contents
- Alan patricof on fox business news with when i work
- Alan patricof at paidcontent
- Early life and education
- Career
- Personal life
- Political and other affiliations
- References
Alan patricof at paidcontent
Early life and education
Patricof grew up in a Jewish family on the Upper West Side of Manhattan, New York City, the son of parents who had immigrated from Russia to the United States. His father was a small-time stockbroker. Patricof graduated from Ohio State University in 1955, after three years, and earned an M.B.A. from Columbia University in 1957 while working full-time as an analyst for an investment firm.
Career
Patricof worked from the ground up and eventually was assigned the management of the Gottesman pulp and paper fortune. Tired of the irrational volatility of the stock market, he focused his efforts on the new private companies in the portfolio. In 1967, he invested in New York magazine, a new publication, where he served as the founding chairman of the board. The magazine was a success and his efforts elevated his business profile. In 1969, he was able to raise $2.5 million and founded one of the first venture capital firms, Patricof Company Ventures. In 1977, he founded the private equity firm Apax Partners. Patricof is an active investor: he always takes a seat on the company's board and is very vocal with his views.
By the mid-1990s Apax had become one of the larger private equity firms globally. In 2001, Patricof stepped back from day-to-day management of Apax Partners, Inc., the US arm of the firm to return to his original focus on making venture capital investments in small early-stage companies. In 2006, Patricof left Apax to form Greycroft Partners which focuses on small early-stage venture capital investments.
As an early investor in venture capital he has been involved in the development of numerous major companies including America Online, Office Depot, Cadence Design Systems, Apple Computer and FORE Systems. He was a founder and chairman of the board of New York magazine, which later acquired the Village Voice and New West magazine. Patricof also acquired style magazine Details in 1987. He has also been involved with Cellular Communications, Inc., NTL, and Audible.
Over the course of his 40-year career in private equity, Patricof has been instrumental in growing the venture capital field from a base of high net-worth individuals to its position today with broad institutional backing, as well as playing a key role in the essential legislative initiatives that have guided its evolution.
Personal life
Patricof has been married twice:
The Patricofs live in New York, New York.
Political and other affiliations
Patricof has been active in Democratic Party politics, contributing to candidates including Bill and Hillary Clinton, whom he met in the Hamptons when they were there as guests of lobbyist and Democratic activist Liz Robbins. Patricof serves on the Board of Overseers of Columbia University Graduate School of Business. As of 2011 he serves as an advisor to the Grassroots Business Fund.