Carl Chang (businessman) explained

Carl Chang
Birth Place:Hoboken, New Jersey, U.S.
Occupation:Entrepreneur, real estate investor, and business executive

Carl Chang (born February 13, 1969) is an American entrepreneur, real estate investor, business executive, and former tennis coach. He founded the pizza chain Pieology, and is active in real estate investment businesses. He is the older brother and former coach of tennis star Michael Chang.[1]

Early life and education

Chang was born in Hoboken, New Jersey on February 13, 1969.. In 1979, their family moved to La Costa, California, so they could play tennis year round.[2] He graduated from San Dieguito High School in Encinitas, California, in 1987. He attended the University of California, Berkeley and graduated in 1991.[2]

Career

Tennis career

As a junior tennis player, Chang was ranked in the top ten at his age group.[2] He beat Pete Sampras at junior events. Following his graduation, Chang briefly joined the professional tennis tour.[3] After playing in a few events as a singles player as well as a doubles partner of his younger brother Michael, he decided not to continue and instead became Michael's coach in 1991 – a role he filled until Michael's retirement from the tour in 2003.[4] Carl Chang was named 'Coach of the Year' by Tennis magazine in 1996.[5]

Real estate

In 2005, Chang and his family started Redwood Real Estate, a joint venture with Seattle-based investment firm Sienna Group.[6] The company had a $500 million fund focusing on distressed housing.[6]

In 2010, Chang founded Kairos Investment Management Co LLC, a private equity firm focused on real estate transactions.[7] Chang serves as the company's CEO.[7]

Pieology

See main article: Pieology. In 2011, Chang along with partner James Markham, founded Pieology, a fast casual pizza chain restaurant originally based in Fullerton, California.[5] In 2012, Markham left to start his own company, leaving Chang in charge of Pieology.[8]

Other activities

Chang is also the chair of the board of directors of the Los Angeles branch of the Federal Reserve Bank of San Francisco.[9]

Notes and References

  1. News: With Chang, gang is almost all here . Boston.com . July 12, 2008 . August 12, 2022.
  2. News: DIFFERENT STROKES : Michael Chang's Older Brother Carl Plays His Own Game of Tennis at Cal . LA Times . August 26, 1989 . April 12, 2022.
  3. News: Carl Chang . ATP Tour . August 12, 2022.
  4. Book: Asian Americans: An Encyclopedia of Social, Cultural, Economic, and Political History . November 26, 2013 . 9781598842401 . August 12, 2022. Zhao . Xiaojian . Edward . J. W. Park PH D. . Abc-Clio .
  5. Web site: The Untold Truth Of Pieology Pizzeria. Vijayan. Naveena. January 15, 2022. Mashed. August 12, 2022.
  6. Web site: Michael Chang's brother starts real-estate firm /. Luna. Nancy. June 7, 2009. Seattle Times. August 12, 2022.
  7. Web site: Kairos Investment Management Co LLC. Bloomberg. August 12, 2022.
  8. Web site: Pizza gets personal: Build-it-yourself pie shops explode on food scene. Luna. Nancy. July 17, 2014. Orange County Register. August 12, 2022.
  9. Web site: Federal Reserve Bank of San Francisco. January 1, 2022. FRBSF. August 12, 2022.