Adam Blumenthal is an American businessman and private equity firm executive. He is the co-founder, chairman, and managing partner of
Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is an American private equity firm based in New York City, New York, founded in 2005 by Adam Blumenthal and Josh Wolf-Powers. Blue Wolf's investments include middle-market companies in health care, forest and build ...
, a
New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
-based private equity firm founded in 2005.
Early life and education
Adam Blumenthal attended
Stuyvesant High School
Stuyvesant High School (pronounced ), commonly referred to among its students as Stuy (pronounced ), is a State school, public university-preparatory school, college-preparatory, Specialized high schools in New York City, specialized high school ...
and
Harvard College
Harvard College is the undergraduate college of Harvard University, an Ivy League research university in Cambridge, Massachusetts. Founded in 1636, Harvard College is the original school of Harvard University, the oldest institution of higher lea ...
. He was a
community organizer
Community organizing is a process where people who live in proximity to each other or share some common problem come together into an organization that acts in their shared self-interest.
Unlike those who promote more-consensual community bui ...
in his youth; following his freshman year at Harvard, he took several years off from school to work on the implementation of the
Community Reinvestment Act
The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, ''et seq.'') is a United States federal law designed to encourage commercial banks and savings associations to hel ...
in
St. Louis,
Missouri
Missouri is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. Ranking List of U.S. states and territories by area, 21st in land area, it is bordered by eight states (tied for the most with Tennessee ...
, before returning to college.
He graduated
magna cum laude
Latin honors are a system of Latin phrases used in some colleges and universities to indicate the level of distinction with which an academic degree has been earned. The system is primarily used in the United States. It is also used in some So ...
with a B.A. from Harvard
before earning his M.B.A from
Yale School of Management
The Yale School of Management (also known as Yale SOM) is the graduate business school of Yale University, a private research university in New Haven, Connecticut. The school awards the Master of Business Administration (MBA), MBA for Executives ...
in 1989.
Career
In 1989, Blumenthal joined
American Capital
American Capital, Ltd. was a publicly traded private equity and global asset management firm, trading on NASDAQ under the symbol “ACAS” from 1997 to 2017 and a component of the S&P 500 Index from 2007 to 2009. American Capital was sold to ...
, a private equity firm where he was the second employee before the firm began institutional fundraising.
Blumenthal served on American Capital's board of directors and held several positions including chief financial officer, chief operating officer, president and vice chairman.
By the time he left the firm in 2002, American Capital was managing more than $1 billion in assets and was publicly traded on
NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
.
After leaving American Capital in 2002, Blumenthal became chief financial officer (CFO) at the
New York City Comptroller
The Office of Comptroller of New York City, a position established in 1801, is the chief financial officer and chief auditor of the city agencies and their performance and spending. The comptroller also reviews all city contracts, handles the s ...
's office.
He succeeded Jane Levine in managing the city's
pension fund
A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income.
Pension funds typically have large amounts of money to invest and are the major investors in listed and priva ...
s as First Deputy Comptroller and CFO at the NY Comptroller's office under
Bill Thompson until 2005.
Blumenthal is currently chairman and managing partner of
Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is an American private equity firm based in New York City, New York, founded in 2005 by Adam Blumenthal and Josh Wolf-Powers. Blue Wolf's investments include middle-market companies in health care, forest and build ...
, a mid-size private equity firm that he founded in 2005.
At Blue Wolf, Blumenthal makes control investments in middle market companies and adheres to
Environmental, Social, and Governance
Environmental, social, and governance (ESG), is a set of aspects, including environmental issues, social issues and corporate governance that can be considered in investment, investing. Investing with ESG considerations is sometimes referred t ...
principles. He also serves on the board of directors of several Blue Wolf portfolio companies.
Blumenthal received the 2017 Civic Champion Award from the nonprofit New York City-based magazine
City Limits
City limits or city boundaries refer to the defined boundary or border of a city. The area within the city limit can be called the city proper. Town limit/boundary and village limit/boundary apply to towns and villages. Similarly, corporate limi ...
for his work to "preserve union workplaces and promote economic development".
In October 2019, Blumenthal conceived of the term "polarization tax" to describe the burden businesses now face amidst challenging political and economic environments, which contrasts with the benefits of the
peace dividend in the 1990s.
Other boards and philanthropy
From 2004 to 2007, Blumenthal served on the Yale School of Management's Board of Advisors,
and is currently a member of the Advisory Board for Yale's International Center for Finance.
In 2009, he was named a Donaldson Fellow at Yale School of Management. He was a trustee and chairman of the investment committee of the
United Auto Workers
The International Union, United Automobile, Aerospace, and Agricultural Implement Workers of America, better known as the United Auto Workers (UAW), is an American labor union that represents workers in the United States (including Puerto Rico ...
VEBA from 2011 through 2017.
He was a trustee and served as chairman of the investment committees at the
Community Service Society of New York and
Nathan Cummings Foundation
The Nathan Cummings Foundation was endowed by Nathan Cummings (1896–1985), founder of Consolidated Foods, later renamed Sara Lee. Cummings was also a prominent art collector and supporter of Jewish causes.
In his lifetime, Cummings made c ...
.
Blumenthal has helped fund the Adam Blumenthal Fellowship, "a research fellowship to encourage studies of broad-based employee stock ownership and profit sharing in the United States", at the
Rutgers University School of Management and Labor Relations.
References
External links
Yale profileRutgers fellow page
{{DEFAULTSORT:Blumenthal, Adam
American investors
Private equity and venture capital investors
Living people
Yale School of Management alumni
Harvard College alumni
American company founders
Year of birth missing (living people)