Lynn G. Tilton (born April 22, 1959) is an American businesswoman and

collateralized loan obligation Collateralized loan obligations (CLOs) are a form of securitization where payments from multiple middle sized and large business loans are pooled together and passed on to different classes of owners in various tranches. A CLO is a type of colla ...

(CLO) creator, owner and manager. She is the

chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

and sole principal of Patriarch Partners, LLC and its affiliated entities, a holding company managing 75 companies. She worked for

Goldman Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...

and

Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated, doing business as Merrill, and previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investm ...

as an

investment banker Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by unde ...

Early life and education

Tilton was born in

The Bronx The Bronx ( ) is the northernmost of the five Boroughs of New York City, boroughs of New York City, coextensive with Bronx County, in the U.S. state of New York (state), New York. It shares a land border with Westchester County, New York, West ...

and raised in

Teaneck, New Jersey Teaneck () is a Township (New Jersey), township in Bergen County, New Jersey, Bergen County, in the U.S. state of New Jersey. It is a bedroom community in the New York metropolitan area. The town is know for their pancake throwing contest held ...

, where she attended

Teaneck High School Teaneck High School (known as The Castle on the Hill) is a four-year comprehensive public high school in Teaneck, in Bergen County, New Jersey, United States, serving students in ninth through twelfth grades as the lone secondary school of the ...

and played on the tennis team before graduating in 1977. Her father, Jerry Garfinkle, was a New York City schoolteacher and a strong influence on her. He died of a brain tumor during her junior year in college.Pressler, Jessica.
What Does It Take for a Female Tycoon to Get Noticed Around Here
",

New York Magazine ''New York'' is an American biweekly magazine concerned with life, culture, politics, and style generally, with a particular emphasis on New York City. Founded by Clay Felker and Milton Glaser in 1968 as a competitor to ''The New Yorker'' a ...

, April 18, 2011 She states that she comes from a long line of

Kabbalah Kabbalah or Qabalah ( ; , ; ) is an esoteric method, discipline and school of thought in Jewish mysticism. It forms the foundation of Mysticism, mystical religious interpretations within Judaism. A traditional Kabbalist is called a Mekubbal ...

scholars. She obtained a BA degree in American studies from

Yale University Yale University is a Private university, private Ivy League research university in New Haven, Connecticut, United States. Founded in 1701, Yale is the List of Colonial Colleges, third-oldest institution of higher education in the United Stat ...

in 1981 and an

MBA A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular a ...

degree in Finance from

Columbia University Columbia University in the City of New York, commonly referred to as Columbia University, is a Private university, private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Churc ...

Career

Tilton began her career at

Morgan Stanley Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...

in 1981. After completing her MBA she moved first to

Goldman, Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational Investment banking, investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters i ...

followed by

Kidder Peabody Kidder, Peabody & Co. was an American securities firm, established in Massachusetts in 1865. The firm's operations included investment banking, brokerage, and trading. The firm was sold to General Electric in 1986. Following heavy losses, it was ...

and finally ended up at

as an investment banker until 1989. 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. By 1998, she had decided to retire from her job as a partner at Amroc Investments. She returned to New York from Costa Rica in 2000 and formed a partnership with Dennis Dolan from

Nomura Nomura (written: 野村 "field village" or 埜村 "wilderness village") is a Japanese surname. Notable people with the surname include: * , Japanese volleyball player * , Japanese-American baseball agent * , Japanese voice actor, including in t ...

. They had purchased a portfolio of distressed commercial loans and packaged them into a CLO at a time when they were new. As the economy improved, the securities issued by Patriarch grew in value. 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 the former

chairman The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the gro ...

and CEO of MD Helicopters, Inc., a manufacturer of

commercial Commercial may refer to: * (adjective for) commerce, a system of voluntary exchange of products and services ** (adjective for) trade, the trading of something of economic value such as goods, services, information or money * a dose of advertising ...

and

military A military, also known collectively as armed forces, is a heavily armed, highly organized force primarily intended for warfare. Militaries are typically authorized and maintained by a sovereign state, with their members identifiable by a d ...

helicopter A helicopter is a type of rotorcraft in which Lift (force), lift and thrust are supplied by horizontally spinning Helicopter rotor, rotors. This allows the helicopter to VTOL, take off and land vertically, to hover (helicopter), hover, and ...

s, and the acting CEO of Dura Automotive Systems, a Tier 1 supplier to automotive and

transport Transport (in British English) or transportation (in American English) is the intentional Motion, movement of humans, animals, and cargo, goods from one location to another. Mode of transport, Modes of transport include aviation, air, land tr ...

ation industry OEMs, and CEO of

Stila Stila Cosmetics is an American cosmetics Cosmetics are substances that are intended for application to the body for cleansing, beautifying, promoting attractiveness, or altering appearance. They are mixtures of chemical compounds derive ...

, a cosmetics company. In October 2011, Tilton was interviewed by

Barbara Walters Barbara Jill Walters (September 25, 1929December 30, 2022) was an American broadcast journalist and television personality. Known for her interviewing ability and popularity with viewers, she appeared as a host of numerous television programs, ...

for a

20/20 Visual acuity (VA) commonly refers to the clarity of visual perception, vision, but technically rates an animal's ability to recognize small details with precision. Visual acuity depends on optical and neural factors. Optical factors of the eye ...

special. She appears periodically on

CNBC CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Day ...

and is an occasional contributor to

The Huffington Post ''HuffPost'' (''The Huffington Post'' until 2017, itself often abbreviated as ''HPo'') is an American progressive news website, with localized and international editions. The site offers news, satire, blogs, and original content, and covers p ...

Awards and accolades

On January 21, 2011, Tilton was honored as "Aviation Entrepreneur of the Year" at the 8th Annual Living Legends of Aviation Awards ceremony at the Beverly Hilton in Beverly Hills, CA. She was recognized for her leadership in the successful turnaround of Patriarch portfolio company MD Helicopters (MDHI) On December 18, 2012, Diversity Woman Magazine awarded Tilton the Mosaic Women Legend Award for her efforts in saving American jobs. The award was presented at the National Diversity Woman Business Leadership Conference. On September 5, 2014, Tilton was awarded the Intercollegiate Tennis Association (ITA) Achievement Award at the ITHF Board of Directors Meeting at the Grand Hyatt Hotel in New York. The ITA Achievement Award pays tribute each year to past participants in the world of varsity tennis who have achieved excellence in their chosen careers. The spirit of the award honors both professional success and contributions to society, made either as a direct result of a career or through humanitarian efforts. In 2014, Tilton received the

Women's Entrepreneurship Day Women's Entrepreneurship Day (WED) celebrated annually on November 15 is a day on which the work of women entrepreneurs is observed and discussed, held each year. The inaugural event was held in New York City at the United Nations, with addition ...

Pioneer Award in recognition for her achievements in the business world.

Controversy

In March 2015, the

U.S. Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market m ...

(SEC) charged Tilton with defrauding her

(CLO) investors. She filed a lawsuit against the SEC on April 1, 2015, to stop the SEC from pursuing the charges against her. On September 27, 2017, an SEC judge dismissed the charges. In June 2016, an article in ''

The New York Times ''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...

'' attributed the collapse of TransCare, a provider of ambulance services, directly to Patriarch and Tilton.

Personal life

According to Patriarch Partners' website, Tilton married Kevin Wayne Tilton during her junior year at Yale and divorced in 1995 in Florida. They had one daughter. Tilton lives in

Middletown, New Jersey Middletown Township is a township in northern Monmouth County, in the U.S. state of New Jersey. As of the 2020 United States census, the township was the state's 20th-most-populous municipality and the largest in the county,

, and Highland Beach, Florida.

References

External links

Patriarch Partners

CNBC TV Profiles – Lynn TiltonLynn Tilton on Bloomberg News Jan 2017
{{DEFAULTSORT:Tilton, Lynn Living people Columbia Business School alumni American investment bankers Yale University alumni American stock traders Goldman Sachs people People from Highland Beach, Florida People from Rumson, New Jersey Teaneck High School alumni American women investors Businesspeople from the Bronx Private equity and venture capital investors Corporate raiders Businesspeople from Monmouth County, New Jersey American women chief executives American women corporate directors Businesspeople from Florida Women stock traders Merrill (company) people 1959 births 21st-century American businesswomen 21st-century American businesspeople American women bankers