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Lynn Tilton

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Lynn Tilton
Born
Lynn Garfinkle

(1959-04-22) April 22, 1959 (age 65)
The Bronx, New York
NationalityAmerican
EducationTeaneck High School
Alma materYale University (B.A., American Studies, 1981)
Columbia Business School
Occupation(s)Collateralized loan obligation manager, business owner
SpouseKevin Wayne Tilton (divorced in 1995 in Florida)

Lynn G. Tilton (born April 22, 1959)[1] is an American businesswoman and collateralized loan obligation (CLO) creator, owner and manager.[2][3] She is the chief executive officer and sole principal of Patriarch Partners, LLC and its affiliated entities,[4] a holding company managing 75 companies.

Early life and education

Tilton was born in The Bronx,[4] raised in Teaneck, New Jersey and attended Teaneck High School, where she played on the tennis team.[5][6] Her father, Jerry Garfinkle[citation needed], was a tough New York City schoolteacher and a strong influence on her. He died of a brain tumor during her junior year in college.[7] She obtained a BA degree in American Studies from Yale University in 1981 and an MBA degree in Finance from Columbia University.[when?][8]

Career

Tilton began her career at Morgan Stanley in 1981. She also worked for Goldman, Sachs & Co. and Merrill Lynch as an investment banker until 1989. Prior to founding Patriarch Partners, Tilton was an executive at Long Drive Management Trust, a special situations investment fund, and Executive Managing Director of Papillon Partners, Inc., a firm which she founded to offer customized research, valuation and execution services to sellers of bank loans and high-yield bonds.

Since 2000, through Patriarch Partners' affiliated funds, Tilton has had ownership in and restructured more than 240 companies with combined revenues of $100 billion. She is also Chairman and CEO of MD Helicopters, Inc.,[9][10] a manufacturer of commercial and military helicopters, the acting CEO of Dura Automotive Systems,[11] a Tier 1 supplier to automotive and transportation industry OEMs, and CEO of Stila, a cosmetics company.[12]

In October 2011, Tilton was interviewed by Barbara Walters for a 20/20 special.[13][14] She appears periodically on CNBC[15] and is an occasional contributor to The Huffington Post.[16]

On 19 November, 2014 Lynn Tilton was presented with the Business Women's Entrepreneurship Day Pioneer Award at the United Nations. [17]

Controversy

Tilton has often claimed to be a billionaire. In April 2011, Forbes published a blog series debunking that claim.[18][19][20][21][22] Also in April 2011, an article in New York said that Tilton is not respected and detailed her management style.[23]

SEC charges

In March 2015, the U.S. Securities and Exchange Commission (SEC) charged Tilton with defrauding her collateralized loan obligation (CLO) investors.[24][25][26][27] She filed a lawsuit against the SEC on April 1, 2015 to stop the SEC from pursuing the charges against her.[28][29]

Personal life

According to Patriarch Partners' website, Tilton married a man during her junior year at Yale, and by age 25, had a daughter named Carly.[30] She lives in Rumson, New Jersey and Highland Beach, Florida.[31]

References

  1. ^ [1]
  2. ^ Nathan Vardi (March 30, 2015). "SEC Accuses Diva Of Distressed Lynn Tilton Of Nearly $200 Million Fraud". Forbes. Retrieved April 1, 2015.
  3. ^ Matthew Robinson (April 1, 2015). "Distressed Diva Tilton Has More Than Just the SEC to Worry About". Bloomberg Business. Retrieved April 3, 2015. ... on fees she collected on $2.5 billion of collateralized loan obligations, or CLOs, she created to help fund her various businesses.
  4. ^ a b Patriarch Partners, LLC. "Lynn Tilton: Dedicated to Excellence". PatriarchPartners.com. Retrieved December 18, 2012.
  5. ^ http://nymag.com/news/business/wallstreet/lynn-tilton-2011-4/index3.html
  6. ^ http://www.aviationtoday.com/rw/issue/cover/A-Visit-With-Lynn-Tilton_29584.html#.VRuS6EtDGRU
  7. ^ Pressler, Jessica. "What Does It Take for a Female Tycoon to Get Noticed Around Here?", New York Magazine, April 18, 2011
  8. ^ "News Headlines". Cnbc.com. 2009-06-01. Retrieved 2012-06-19.
  9. ^ ""Rock star" executive Lynn Tilton rescues companies — and saves jobs". Seattle Times. March 14, 2009. Retrieved April 1, 2015.
  10. ^ Mary Dixie Carter (October 16, 2006). "Wall Street Copter Queen Takes On Rumsfeld's Boys". The New York Observer. Retrieved April 1, 2015.
  11. ^ Dura Automotive Systems. "About: Leadership Team: Lynn Tilton". DuraAuto.com. Retrieved December 18, 2012.
  12. ^ "Patriarch's Tilton to head Stila, Jane cosmetics companies". New York Business Journal. February 7, 2013. Retrieved April 1, 2015.
  13. ^ ABC News. "'A Woman's Work Is Never Done'". ABCNews.go.com. Retrieved December 18, 2012.
  14. ^ Rob Wallace (October 29, 2011). "The Stylish Job Saver: Lynn Tilton Owns More Companies Than Any U.S. Woman". 20/20. Retrieved April 1, 2015.
  15. ^ CNBC Lynn Tilton appearances on CNBC.
  16. ^ The Huffington Post Lynn Tilton contributions to and appearances within The Huffington Post.
  17. ^ http://womenseday.org/wed-awards/
  18. ^ Jenna Goudreau (April 11, 2011). "Lynn Tilton: Is She Really A Billionaire?". Forbes. Retrieved April 1, 2015.
  19. ^ Jenna Goudreau (April 6, 2011). "Lynn Tilton: Is She The Richest Self-Made Woman In America?". Forbes. Retrieved April 1, 2015.
  20. ^ Matt Schifrin (April 6, 2011). "Five Things Investors Should Know About Lynn Tilton's CLO Deals". Forbes. Retrieved April 1, 2015.
  21. ^ Matt Schifrin (April 6, 2011). "Lynn Tilton: Diva In Distress?". Forbes. Retrieved April 1, 2015.
  22. ^ Jenna Goudreau (April 7, 2011). "Lynn Tilton: The Wild Woman of Wall Street". Forbes. Retrieved April 1, 2015.
  23. ^ Jessica Pressler (April 10, 2011). "Why Patriarch Partners CEO Lynn Tilton Is Having Trouble Getting the Respect She Believes She Deserves". New York. Retrieved April 1, 2015.
  24. ^ Sarah N. Lynch and Lauren Tara LaCapra (March 30, 2015). "U.S. SEC accuses financier Lynn Tilton of defrauding investors". Reuters. Retrieved April 1, 2015.
  25. ^ Alexandra Stevenson (March 30, 2015). "S.E.C. Accuses Financier Lynn Tilton of Defrauding Investors". The New York Times. Retrieved April 1, 2015.
  26. ^ Stephen Gandel (March 31, 2015). "Case against 'Diva of Distressed' exposes problems in a hot Wall Street market". Fortune. Retrieved April 1, 2015.
  27. ^ Gregory Mott (March 30, 2015). "Lynn Tilton Accused of Defrauding CLO Clients in SEC Complaint". Bloomberg Business. Retrieved April 1, 2015.
  28. ^ Jonathan Stempel (April 1, 2015). "Financier Lynn Tilton sues SEC after it charges her with fraud". Reuters. Retrieved April 1, 2015.
  29. ^ Matthew Robinson and Patricia Hurtado (April 1, 2015). "Tilton, Patriarch Say SEC Violated Constitutional Rights". Bloomberg Business. Retrieved April 1, 2015.
  30. ^ Lynn Tilton. "Lynn Tilton". patriarchpartners.com. Retrieved April 1, 2015.
  31. ^ U.S. Securities and Exchange Commission (March 30, 2015). "In the matter of Lynn Tilton" (PDF). Retrieved April 1, 2015. Lynn Tilton, age 55, is a resident of Rumson, New Jersey and Highland Beach, Florida.

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