Stephen L. Norris
Encyclopedia
Stephen L. Norris is one of the co-founders of The Carlyle Group
, an American
private equity
firm and currently the Chairman of Stephen Norris Capital Partners, LLC
. He is a former member of the Federal Retirement Thrift Investment Board
, who was appointed by President George H. W. Bush
in 1990.
, Stephen L. Norris, David M. Rubenstein, Daniel A. D'Aniello
and Greg Rosenbaum
. Rosenbaum left in 1987; Norris left in 1995. The three remaining founders are reported to collectively own around a 50% interest in the group's general partnership. The rest of Carlyle is owned by a group of individuals, most of whom serve as managing directors, and by two institutional investors. Prior to co-founding the Carlyle Group, Mr. Norris was a senior executive at Marriott Corporation.
In 2008, Norris announced a memorandum of understanding with the SCO Group
, a Unix and Linux software company involved in lawsuits against IBM
, Novell
, and others. Under the terms of the plan, Norris would purchase a controlling interest in SCO for $100 million.
In March 2009, Gulf Capital Partners, LLC, announced the appointment of Stephen L. Norris as the Chairman of the Board of Directors. Gulf Capital Partners is a private equity firm based in Beverly Hills, California with offices in Dubai, Doha and New York.
Carlyle Group
The Carlyle Group is an American-based global asset management firm, specializing in private equity, based in Washington, D.C. The Carlyle Group operates in four business areas: corporate private equity, real assets, market strategies and fund-of-funds, through its AlpInvest subsidiary...
, an American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
firm and currently the Chairman of Stephen Norris Capital Partners, LLC
Stephen Norris Capital Partners
Stephen Norris Capital Partners is a private equity firm that focus on co-investing alongside other private equity firms in leveraged buyout transactions...
. He is a former member of the Federal Retirement Thrift Investment Board
Federal Retirement Thrift Investment Board
The Federal Retirement Thrift Investment Board was established as an independent agency of the United States government by the Federal Employees Retirement System Act of 1986. It is one of the smaller executive branch agencies, with just over 80 employees...
, who was appointed by President George H. W. Bush
George H. W. Bush
George Herbert Walker Bush is an American politician who served as the 41st President of the United States . He had previously served as the 43rd Vice President of the United States , a congressman, an ambassador, and Director of Central Intelligence.Bush was born in Milton, Massachusetts, to...
in 1990.
Corporate career
Carlyle was founded in 1987 by five Washington executives: William E. Conway, Jr.William E. Conway, Jr.
William E. Conway, Jr. or Bill Conway is one of the three co-founders of The Carlyle Group.-Biography:William Conway received his undergraduate degree from Dartmouth College and an MBA from the University of Chicago Booth School of Business.He started his career by serving in a variety of...
, Stephen L. Norris, David M. Rubenstein, Daniel A. D'Aniello
Daniel A. D'Aniello
Daniel A. D’Aniello, along with William E. Conway, Jr., and David Rubenstein, is a co-founder of The Carlyle Group, an American private equity firm. He is currently a Managing Director at Carlyle....
and Greg Rosenbaum
Greg Rosenbaum
Greg Rosenbaum is an American merchant banker based in Bethesda, Maryland. He is currently the CEO of Empire Kosher Poultry, Inc., the largest producer of kosher poultry in the United States.-Education:...
. Rosenbaum left in 1987; Norris left in 1995. The three remaining founders are reported to collectively own around a 50% interest in the group's general partnership. The rest of Carlyle is owned by a group of individuals, most of whom serve as managing directors, and by two institutional investors. Prior to co-founding the Carlyle Group, Mr. Norris was a senior executive at Marriott Corporation.
In 2008, Norris announced a memorandum of understanding with the SCO Group
SCO Group
TSG Group, Inc. is a software company formerly called The SCO Group, Caldera Systems, and Caldera International. After acquiring the Santa Cruz Operation's Server Software and Services divisions, as well as UnixWare and OpenServer technologies, the company changed its focus to UNIX...
, a Unix and Linux software company involved in lawsuits against IBM
IBM
International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...
, Novell
Novell
Novell, Inc. is a multinational software and services company. It is a wholly owned subsidiary of The Attachmate Group. It specializes in network operating systems, such as Novell NetWare; systems management solutions, such as Novell ZENworks; and collaboration solutions, such as Novell Groupwise...
, and others. Under the terms of the plan, Norris would purchase a controlling interest in SCO for $100 million.
In March 2009, Gulf Capital Partners, LLC, announced the appointment of Stephen L. Norris as the Chairman of the Board of Directors. Gulf Capital Partners is a private equity firm based in Beverly Hills, California with offices in Dubai, Doha and New York.