Tony Tamer

Anthony Tamer (born 1956/1957) is an American billionaire businessman, and the founder and Co-CEO of H.I.G. Capital, a global private equity and alternative assets investment firm with $43 billion of equity capital under management.[2] He previously held positions at Bain & Company, Hewlett-Packard, and Sprint Corporation.[3][4] The Forbes magazine lists him as the No. 451 richest person in the world, with a net worth of $4 billion as of May 2020.[1]

Tony Tamer
Born
Anthony Tamer

1956/1957 (age 63–64)[1]
Alma materRutgers University
Stanford University
Harvard Business School
Net worthUS$4.0 billion[1]
Spouse(s)Sandra Tamer
Children4

Education

Tony Tamer earned an MBA degree from Harvard Business School, and a master's degree in electrical engineering from Stanford University. His undergraduate degree is from Rutgers University.[5]

Career

Tony Tamer began his career at Hewlett-Packard and later at Sprint Corporation in a variety of engineering, marketing and manufacturing positions.[6] Tamer then joined Bain & Company in 1986 where he ultimately became a partner until he left the firm in 1993. At Bain, he developed business unit and operating strategies, implemented productivity improvement initiatives, and led acquisition and divestiture activities for a number of Fortune 500 clients.[7]

In 1993 Tony Tamer co-founded H.I.G. Capital with Sami Mnaymneh. Together, Tamer and Mnaymneh have developed H.I.G. Capital into a global private equity firm with $43 billion of equity capital under management.[7] Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. Capital specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:[8]

  • H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  • H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.[9]
  • H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion.[10]

Philanthropy

In January 2015, Columbia University announced that Tamer and his wife Sandra made a transformative gift to establish and endow The Tamer Center for Social Enterprise, which expanded the existing Social Enterprise Program at Columbia Business School.[11] The new funding allowed for the launch of a seed investment fund for social ventures, expansion of loan assistance and summer fellowship programs for social enterprise students, and development of the advisory network for Columbia's social entrepreneurs.[12]

Tamer serves on the board of The Tamer Center for Social Enterprise at Columbia University and on the Dean's Council of the Harvard Kennedy School.[13] He is a Trustee of the Museum of Modern Art, a Trustee of the Lincoln Center for the Performing Arts, and a member of the Board of the International Rescue Committee (IRC).[14][15][16] Tamer also serves on the advisory board of LIFE (Lebanese International Finance Executives).[17] Tamer helped launch and is the Founding Chairman of COOP Careers, a non-profit which provides lower-income and under-represented college graduates with the skills and support to overcome underemployment and gain meaningful careers in the digital economy.[18]

Personal life

Tamer is married and has four daughters. His wife Sandra holds a master's degree in Electrical Engineering and Computer Science from Massachusetts Institute of Technology (MIT), and is on the board of directors of Action Against Hunger, the RMF Foundation, the PAMM Museum, and the Tamer Center for Social Enterprise at Columbia University.[19]

He resides in New York City.[20] He is of Lebanese descent, and the fourth richest man of Lebanese origin, as of 2020.[21][22]

References

  1. "Forbes profile: Tony Tamer". Forbes. Retrieved 10 November 2020.
  2. "H.I.G. Capital Closes $3.1 Billion H.I.G. Middle Market LBO Fund III Above Target". www.businesswire.com. 2019-11-19. Retrieved 2020-05-23.
  3. School, Columbia Business (2019-03-20). "Tony Tamer". Columbia Business School. Retrieved 2020-05-23.
  4. "H.I.G.'s Growth Tests Firm's Quest to Stay True to Its Roots | DHR International". www.dhrinternational.com. Retrieved 2020-05-23.
  5. "Tony Tamer". Bloomberg. Retrieved 2020-05-23.
  6. "Archived copy". Archived from the original on 2015-02-24. Retrieved 2015-02-24.CS1 maint: archived copy as title (link)
  7. "H.I.G. Capital". higcapital.com. Retrieved 2020-05-23.
  8. "H.I.G. Private Equity". higprivateequity.com. Retrieved 2020-05-23.
  9. "WhiteHorse Capital Direct Lending". whitehorsecapital.com. Retrieved 2020-05-23.
  10. "H.I.G. Capital". higcapital.com. Retrieved 2020-05-23.
  11. School, Columbia Business (2015-01-28). "Columbia Business School Receives Generous Donation to Establish the Tamer Center for Social Enterprise". Newsroom. Retrieved 2020-05-23.
  12. "New center at the Business School gives more opportunities to Columbia entrepreneurs". Columbia Daily Spectator. Retrieved 2020-05-23.
  13. "Harvard Kennedy School". www.hks.harvard.edu. Retrieved 2020-05-23.
  14. "Officers and trustees | MoMA". The Museum of Modern Art. Retrieved 2020-05-23.
  15. "Board of Directors | Lincoln Center for the Performing Arts". www.aboutlincolncenter.org. Retrieved 2020-05-23.
  16. "IRC Board of Directors and Overseers". International Rescue Committee (IRC). 2016-06-14. Retrieved 2020-05-23.
  17. "Lebanese International Finance Executives". LIFE Lebanon. Retrieved 2021-01-29.
  18. "COOP Careers - Overcoming Unemployment". COOP Careers. Retrieved 2021-01-29.
  19. School, Columbia Business (2015-02-06). "Sandra Tamer". The Tamer Center for Social Enterprise. Retrieved 2020-05-23.
  20. Tognini, Giacomo. "World's Richest Cities: The Top 10 Cities Billionaires Call Home 2020". Forbes. Retrieved 2020-05-23.
  21. ago·, Nour Abdul Reda·People·1 month (2020-04-19). "17 Lebanese Tycoons Made It On Forbes' 2020 Billionaire List". The961. Retrieved 2020-05-23.
  22. Loubnaniyoun (2015-01-16). "List of famous Lebanese descent in the USA | Loubnaniyoun". Retrieved 2020-05-23.
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