Date: Jan 31, 2023Time: 6:00 PM to 7:00 PM
Jan312023

Private Equity in 2023 and Beyond: Stellex Capital’s Ray Whiteman (virtual)

Tue, 6:00 PM to 7:00 PM Zoom Webinar (Information to be sent to Registrants)
General PublicFinance

Description

Fourteen years of soaring stock markets came to a crashing halt at the end of 2022; the Dow Jones fell nine percent and the S&P 500 fell almost 20 percent for the year. Inflation and aggressive interest rate increases were just some of the factors affecting performance. Despite strong headwinds, private equity investors are optimistic about 2023 and beyond.

Ray Whiteman, Co-Founder and Managing Partner of Stellex Capital, will join the HBS Club of New York to share his insights on PE themes and discuss his views on the next 24-month investment horizon, financing markets and equity required to do deals despite current market dislocations. His conversation will cover robust deal sourcing and value creation strategies to create a differentiated PE portfolio.

In addition, Whiteman will shed light on his career path transition from the Carlyle Group to Stellex, which he founded.

Stellex invests in aerospace and defense, business and industrial services, consumer and food products, transportation and logistics, and manufacturing. The firm embraces complexity and long-term value creation by serving as partners to businesses.

Participants must register by NOON on January 30th to receive details on joining the discussion. The Zoom link will be sent out 24 hours before the event.

Please note that no refunds will be issued.

Bios

Speaker

Raymond Whiteman

Co-Founder and Managing Partner at Stellex Capital Management

Ray Whiteman is Co-Founder and Managing Partner of Stellex. Before joining Stellex, Whiteman was a partner of The Carlyle Group and a managing director and co-head of Carlyle Strategic Partners. Prior to joining Carlyle in May 1996, Whiteman was a vice president and group head in the Leveraged Finance Department of Credit Lyonnais. Whiteman has also held several positions at both Citicorp and The Chase Manhattan Bank, N.A.

Whiteman is currently the chairman of MHI Holdings LLC and Morbark Holdings LLC. In the past he served on the board of Diversified Machine, Inc., RPK Capital Partners, LLC, Metaldyne, LLC, Stellex Aerostructures, Inc., Brintons Carpet Limited, DPG Aerospace and Service King, as well as the investment committee of RLJ Equity Partners, an affiliate of TCG and Robert L. Johnson. Previously, Whiteman has served on numerous Carlyle portfolio companies such as US Marine Repair, Norfolk Drydock and Shipping Company, Key Plastics, Breed Technologies and The Aerostructures Corporation. He has also been a member of the Executive Committee of the National Symphony Orchestra of The John F. Kennedy Center and the Smithsonian’s National Museum of African Art.

Whiteman received his B.A. in political science from Williams College, where he was a Lehman Scholar, and M.B.A. from New York University Stern School of Business.

Moderator

Hemali Dassani, MBA 1999

Hemali Dassani, MBA 1999, is an experienced fundraiser and investor relations professional within the alternative investments space and is currently a placement agent and consultant to multiple Private Equity funds. Hemali was previously Director of Investor Relations for Argand Partners and Castle Harlan, middle market private equity funds. Hemali was also a Managing Director with Old City Investment Partners, a multi-family office dedicated to finding high quality investments for the firm’s clientele of family office investors. Ms. Dassani has an M.B.A. from the Harvard Business School and a B.Sc. in Industrial Engineering from Northwestern University. She was President of the Harvard Business School Club of Greater New York and currently sits on the Board of the Club. Ms. Dassani is a published author of _Marketing Alternative Investments: A Comprehensive Guide to Fundraising and Investor Relations for Private Equity and Hedge Funds_ (https://www.amazon.com/Marketing-Alternative-Investments-Comprehensive-Fundraising/dp/1264627645). The book was released by McGraw Hill by October 18, 2022 and had been the #1 New Release in Private Equity and Venture for 2 months.

Date Time

Date: Jan 31, 2023Time: 6:00 PM to 7:00 PM

Location

Zoom Webinar (Information to be sent to Registrants)1460 Broadway
New York, NY 10036
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Price

  • Free / Patron Members (please contact programming@hbscny.org)
  • 25 / General Public
  • 20 / Alumni Non-Members
  • 10 / Member/Member Guest (limit one)

Organizer

Hemali Dassani, MBA 1999

Zoom Webinar (Information to be sent to Registrants)

1460 Broadway, New York, NY, 10036