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 co ...

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

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...

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

Merrill Lynch Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment banki ...

as an

investment banker Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...

Early life and education

Tilton was born in

The Bronx The Bronx () is a borough of New York City, coextensive with Bronx County, in the state of New York. It is south of Westchester County; north and east of the New York City borough of Manhattan, across the Harlem River; and north of the New ...

and raised in

Teaneck, New Jersey Teaneck () is a township in Bergen County, in the U.S. state of New Jersey. It is a bedroom community in the New York metropolitan area. As of the 2010 U.S. census, the township's population was 39,776, reflecting an increase of 516 (+1.3%) fr ...

where she attended

Teaneck High School , motto_translation = To enrich the mind and improve the character , fundingtype = Public , schooltype = high school , grades = 9– 12 , district = Teaneck Public Schools , enrollment = 1,239 (as of 2021–22) , faculty = ...

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, and with a particular emphasis on New York City. Founded by Milton Glaser and Clay Felker in 1968 as a competitor to ''The New Yorker' ...

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

Kabbalah Kabbalah ( he, קַבָּלָה ''Qabbālā'', literally "reception, tradition") is an esoteric method, discipline and school of thought in Jewish mysticism. A traditional Kabbalist is called a Mekubbal ( ''Məqūbbāl'' "receiver"). The de ...

scholars. She obtained a BA degree in American Studies from

Yale University Yale University is a Private university, private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the List of Colonial Colleges, third-oldest institution of higher education in the United Sta ...

in 1981 and an MBA degree in Finance from

Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manha ...

Career

Tilton began her career at

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the f ...

in 1981. After completing her MBA she moved first to

Goldman, Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, Hong ...

followed by Kidder Peabody 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. 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 and CEO of MD Helicopters, Inc., a manufacturer of

commercial Commercial may refer to: * a dose of advertising conveyed through media (such as - for example - radio or television) ** Radio advertisement ** Television advertisement * (adjective for:) commerce, a system of voluntary exchange of products and s ...

and

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

helicopter A helicopter is a type of rotorcraft in which lift and thrust are supplied by horizontally spinning rotors. This allows the helicopter to take off and land vertically, to hover, and to fly forward, backward and laterally. These attribut ...

s, and the acting CEO of

Dura Automotive Systems Dura Automotive Systems (or Dura) is an independent designer and manufacturer of automotive components, including control systems, exterior systems and lightweight structural systems. Dura markets its automotive products to every North American, As ...

, a Tier 1 supplier to automotive and

transport Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land ( rail and road), water, cable, pipel ...

ation industry OEMs, and CEO of Stila, a cosmetics company. In October 2011, Tilton was interviewed by

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

for a 20/20 special. She appears periodically on

CNBC CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sh ...

and is an occasional contributor to

The Huffington Post ''HuffPost'' (formerly ''The Huffington Post'' until 2017 and sometimes abbreviated ''HuffPo'') is an American progressive news website, with localized and international editions. The site offers news, satire, blogs, and original content, and ...

Awards and accolades

On January 21, 2011, Tilton was honored as "Aviation Entrepreneur of the Year" at the 8th Annual

Living Legends of Aviation The Living Legends of Aviation is an award honoring achievements in the aerospace industry, bestowed by the 130 current title holders and owned and produced by the Kiddie Hawk Air Academy, a non-profit 501(c)(3). The Living Legends have all mad ...

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) is a day on which the work of women entrepreneurs is observed and discussed, held every day of each year. The inaugural event was held in New York City at the United Nations, with additional events being held si ...

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

Controversy

In March 2015, the U.S. Securities and Exchange Commission (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'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...

'' 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 Monmouth County, New Jersey, United States. As of the 2020 United States Census, the township had a total population of 67,106, making it the most-populous municipality in the county and the state's 16th ...

, 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 American investors 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 People from the Bronx Private equity and venture capital investors Corporate raiders Businesspeople from New Jersey American women chief executives Women corporate directors Businesspeople from Florida Women stock traders Merrill (company) people 1959 births 21st-century American businesswomen American women bankers