Glenn Hutchins Explained

Glenn Hutchins
Nationality:American
Known For:Co-founder of Silver Lake Partners
Occupation:Chairman, North Island[1]

Glenn Hogan Hutchins[2] (born 1955)[2] is an American businessman and investor. He is a private equity investor focused on the technology sector, chairman and co-founder of North Island, and co-founder of Silver Lake Partners.[3]

Early life and education

Hutchins was born in Virginia in 1955.[2] After studying at The Lawrenceville School in New Jersey and graduating in 1973,[4] Hutchins earned a BA from Harvard College in 1977.[5] In 1983, he finished a joint JD/MBA program from Harvard Business School and Harvard Law School, which he completed simultaneously.[5]

Career

Hutchins began his career as a credit analyst at Chemical Bank after earning his BA from Harvard in 1977.[6]

Following his graduation from Harvard Business School and Harvard Law School in 1983,[5] he began his career in private equity at Thomas H. Lee Partners.[7]

Hutchins left the firm in 1992 to join the Bill Clinton presidential transition team as a senior adviser focusing on economic policy. After serving as a special advisor on economic and healthcare policy in the Clinton Administration,[8] Hutchins returned to private equity, this time joining The Blackstone Group in New York[9] in 1994, where he was a senior managing director.[10]

Hutchins co-founded Silver Lake Partners in 1999 alongside Roger McNamee and David Roux. He left the firm in 2012.[11]

Hutchins was a director of the Federal Reserve Bank of New York, and chairman of its of Audit and Risk Committee, from 2011 through 2020.

Hutchins is chairman of North Island, an investment firm focused on private equity investments, which he co-founded in 2020 with James Hutchins and Travis Scher.[12]

Other affiliations

Hutchins is co-chairman of the board of trustees of the Brookings Institution.[13] [14] In 2013 he also created the Hutchins Center on Fiscal and Monetary Policy at Brookings Institution with a $10 million endowment grant.[15]

He is a member of the Council on Foreign Relations.[16]

Hutchins is on the boards of directors of AT&T[17] and Banco Santander.[18]

At GIC Private Limited, the sovereign wealth fund of Singapore, he is on the Investment Board[19] and the International Advisory Board.[20]

Hutchins is a former chairman of Instinet, a former chairnman of SunGard Data Systems, a former director of Nasdaq,[21] and a former director of the Center for American Progress.[22] He has also previously served on the boards of TD Ameritrade, Seagate Technology, MCI, Inc., Gartner, and Sabre Holdings.[23]

The W. E. B. Du Bois Research Institute, established in 1975, was expanded and renamed the Hutchins Center for African and African American Research in 2013 after a $15 million gift from Hutchins via his Hutchins Family Foundation.[24]

He was previously a partial owner of the Boston Celtics.[25]

Notes and References

  1. Web site: Tech investing pioneer Hutchins bets on blockchain. Reuters. November 7, 2019. June 1, 2021. June 2, 2021. https://web.archive.org/web/20210602215421/https://www.reuters.com/article/us-investment-summit-hutchins/tech-investing-pioneer-hutchins-bets-on-blockchain-idUSKBN1XH23I. live.
  2. Web site: 2023 Annual report . . July 5, 2024 . 201.
  3. https://www.wsj.com/articles/BL-DLB-34836 Meet Silver Lake: The Hot Private Equity Firm of the Moment
  4. Web site: Leadership - the Lawrenceville School. January 18, 2014. November 9, 2016. https://web.archive.org/web/20161109003646/http://www.lawrenceville.org/about/history/notable-alumni/index.aspx. dead.
  5. Web site: Kick-Starting Harvard House Renewal . . July 4, 2024 . October 24, 2012.
  6. News: Serwer . Andy . Glenn Hutchins: How an 'awful' job can actually pay off . July 4, 2024 . . May 23, 2017.
  7. Web site: How can private equity transform into positive equity? . . 2017 . July 4, 2024 . 26.
  8. Web site: Glenn H. Hutchins . . July 4, 2024.
  9. https://web.archive.org/web/20060427012021/http://www.businessweek.com/magazine/content/05_32/b3946091_mz020.htm "Wall Street's New Alchemist"
  10. Web site: Schedule 14A . . . July 4, 2024 . 7–8 . April 25, 2019.
  11. News: Hutchins Says Crypto Success Hinges on Consumer Use Cases . Bloomberg.com . . February 21, 2021 . June 1, 2021 . June 2, 2021 . https://web.archive.org/web/20210602230011/https://www.bloomberg.com/news/articles/2021-02-25/hutchins-says-consumers-must-see-use-cases-to-embrace-crypto?sref=fBWIv79e . live .
  12. Web site: North Island Ventures Closes Second Venture Fund . Business Wire . July 6, 2024 . September 13, 2022.
  13. Web site: Glenn Hutchins . . July 7, 2024.
  14. https://archive.today/20140821064241/http://www.forbes.com/profile/glenn-hutchins/ Forbes.com
  15. Web site: Dews . Fred . Brookings Establishes Hutchins Center on Fiscal and Monetary Policy; David Wessel to Direct . . July 7, 2024 . December 4, 2013.
  16. Web site: Membership Roster . Council on Foreign Relations.
  17. Web site: Board of Directors . . July 8, 2024.
  18. Web site: Board of directors . . July 8, 2024.
  19. Web site: Investment Board . . July 8, 2024.
  20. Web site: International Advisory Board . . July 8, 2024.
  21. Web site: Obama Foundation Announces New Additions to Board of Directors . squarespace.com . . July 7, 2024 . November 3, 2017.
  22. Web site: Board of Directors. 2020-11-30. Center for American Progress. en-US. June 10, 2020. https://web.archive.org/web/20200610222242/https://www.americanprogress.org/c3-board/. live.
  23. Web site: Charlie Rose Interviews Glenn Hutchins, Co-Founder and Co-CEO of Silver Lake, as TabbFORUM Launches New Series, 'Conversations with Charlie Rose: The New Capitalists Shaping Our World' . Business Wire . July 7, 2024 . June 22, 2011.
  24. Web site: Rocheleau . Matt . Harvard announces launch of Hutchins Center for African and African American Research through $15m gift . Boston.com . 18 September 2013 . 11 December 2020.
  25. Web site: Boston Basketball Partners Assume Ownership of Celtics Franchise | Celtics.com - the official website of the Boston Celtics . . October 1, 2015 . dead . https://web.archive.org/web/20110628184526/http://www.nba.com/celtics/news/Partners_123102.html . June 28, 2011 .

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