Stanley Golder
Encyclopedia
Stanley C. Golder was an American financier
and venture capital
ist.
He is the namesake of the Stanley C. Golder Center for the Study of Private Equity at the University of Illinois at Urbana-Champaign
, which he graduated (B.S., 1951).
In the 1970s, Golder built the private equity program at First Chicago Corp.
where he is noted primarily for backing Federal Express
and for efforts as chairman of the National Venture Capital Association
and the National Association of Small Business Investment Companies to change federal laws allowing pensions to invest in private equity.
In 1980 he left First Chicago to found "Golder, Thoma & Cressey" private equity investment company, later known as GTCR
, from which he retired as partner in 1993, but remained consultant. Golder Thoma received much of its initial funding from William M. Blair
and upon leaving First Chicago, Golder was replaced by John A. Canning, Jr. who would go on to found rival Chicago private equity firm Madison Dearborn
.
He was president of the Chicago chapter of the American Jewish Committee
In 1994 the Golders received the Human Rights Medallion from the American Jewish Committee.
Among Golders' charitable deeds was a $1.5 million gift to the UIUC to endow the Stanley C. and Joan J. Golder Distinguished Chair in Corporate Finance.
Stanley Golder died of cancer
at Evanston Hospital.
Financier
Financier is a term for a person who handles typically large sums of money, usually involving money lending, financing projects, large-scale investing, or large-scale money management. The term is French, and derives from finance or payment...
and venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
ist.
He is the namesake of the Stanley C. Golder Center for the Study of Private Equity at the University of Illinois at Urbana-Champaign
University of Illinois at Urbana-Champaign
The University of Illinois at Urbana–Champaign is a large public research-intensive university in the state of Illinois, United States. It is the flagship campus of the University of Illinois system...
, which he graduated (B.S., 1951).
Career
His early jobs were with First National Bank of Chicago and its affiliates, promoted up to executive vice president. In early 1970s he was made president of First Capital Corporation of Chicago and First Chicago Investment Corporation.In the 1970s, Golder built the private equity program at First Chicago Corp.
First Chicago Bank
First Chicago Bank was a Chicago-based retail and commercial bank tracing its roots back to 1863. Over the years, the bank operated under several names including The First National Bank of Chicago and First Chicago NBD...
where he is noted primarily for backing Federal Express
FedEx
FedEx Corporation , originally known as FDX Corporation, is a logistics services company, based in the United States with headquarters in Memphis, Tennessee...
and for efforts as chairman of the National Venture Capital Association
National Venture Capital Association
The National Venture Capital Association is the leading trade association representing the venture capital industry in the U.S. The NVCA represents the venture industry in public policy debates in Washington, DC, and promotes high professional standards, professional development, and interaction...
and the National Association of Small Business Investment Companies to change federal laws allowing pensions to invest in private equity.
In 1980 he left First Chicago to found "Golder, Thoma & Cressey" private equity investment company, later known as GTCR
GTCR
GTCR LLC is a private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions. As of 2008, it manages more than $8 billion in equity and mezzanine capital invested in a wide range of companies and industries....
, from which he retired as partner in 1993, but remained consultant. Golder Thoma received much of its initial funding from William M. Blair
William M. Blair
William McCormick Blair , was an American financier.-Life:William McCormick Blair was born May 2, 1884 in Chicago....
and upon leaving First Chicago, Golder was replaced by John A. Canning, Jr. who would go on to found rival Chicago private equity firm Madison Dearborn
Madison Dearborn
Madison Dearborn Partners is a private equity firm specializing in leveraged buyouts of privately held or publicly traded companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; balance sheet restructurings; acquisition financings; and growth...
.
Personal
Stanley Golder was married to Joan Jacobi Golder.He was president of the Chicago chapter of the American Jewish Committee
American Jewish Committee
The American Jewish Committee was "founded in 1906 with the aim of rallying all sections of American Jewry to defend the rights of Jews all over the world...
In 1994 the Golders received the Human Rights Medallion from the American Jewish Committee.
Among Golders' charitable deeds was a $1.5 million gift to the UIUC to endow the Stanley C. and Joan J. Golder Distinguished Chair in Corporate Finance.
Stanley Golder died of cancer
Cancer
Cancer , known medically as a malignant neoplasm, is a large group of different diseases, all involving unregulated cell growth. In cancer, cells divide and grow uncontrollably, forming malignant tumors, and invade nearby parts of the body. The cancer may also spread to more distant parts of the...
at Evanston Hospital.