Muneer Satter

Muneer Satter
Nationality American
Alma mater Northwestern University
Harvard Law School
Harvard Graduate School of Business Administration
Spouse(s) Kristen Hertel[1]

Muneer A. Satter (born December 21, 1960) is an American investor and philanthropist. Satter is the founder and chairman of Satter Investment Management,[2] a private investment firm and family office focused on biotechnology and life sciences.[3]

Satter founded the Satter Foundation in 1997 to support education, human rights, democracy, job creation, veterans, and preservation of the environment. Satter serves as vice-chairman of the Goldman Sachs Foundation and on the boards of Northwestern University, the Navy SEAL Foundation, and NatureVest.

Early life

Satter was raised in Houston, Texas and attended Westchester High School.[4]

He left Texas to attend Northwestern University, where he earned a B.A. in economics.[5] Satter is also a graduate of Harvard Law School and Harvard Graduate School of Business Administration.[5]

Career

Satter Investment Management

Satter started[3] and manages Satter Investment Management (SIM),[2] based in Chicago, Illinois[3] whose stated objective is to help create and grow companies that will make a significant impact on the state of health care.[3]

SIM’s known healthcare investments include:[3]

Goldman Sachs

Satter retired from Goldman Sachs in 2012, where he worked for 24 years, including 16 years as a partner.[21]

Satter joined Goldman in 1988, moving to London in 1992 to start-up and co-head the firm’s European Merchant Banking Group. In 1997, he returned to the U.S., where he became global head of the firm’s Goldman Sachs Mezzanine Group (GSMP), raising more than $30 billion in capital.[2] Satter is credited with growing GSMP into the largest mezzanine fund in the world.[22] Satter was also a senior member of the Investment Committee and chairman of the Risk Committee for the Merchant Banking Division, which at the time had over $80 billion of assets under management.[2]

Philanthropy

Satter is a philanthropist, who together with his wife, Kristen Hayler Hertel, has made grants of more than $35 million through their family foundation, the Satter Foundation, since its inception in 1997.[23]

Education

After high school, Satter's mother chose to attend Berea College. She was a freshman in 1953,[24] the year the first black student graduated from Berea.[25] (Berea was the first college in the South to admit black students along with white students[26]). Inspired by his mother, Satter became a supporter of education reform initiatives focused on improving education options, especially for students in disadvantaged neighborhoods in Chicago.

Satter has donated funds for charter schools, scholarships and teacher training programs. Examples include KIPP Ascend, Perspectives Charter Schools, New Schools for Chicago, Academy for Urban School Leadership (AUSL), Accelerate Institute, Family Focus, Pathways in Education, Invest for Kids Chicago, Teach for America, Noble Network, Chicago Community Trust and The Ounce of Prevention.[27]

Northwestern University

The Satter Foundation has committed more than $10 million to finance scholarships to Northwestern University’s Feinberg School of Medicine. The scholarships pay all tuition for a student’s first three years of medical school.[28]

The Satter Foundation also funds Project Excite, founded at the Northwestern School of Education to close the achievement gap between minority and non-minority students at Evanston High School in Illinois. The project runs education, academic advising and personal education programs designed to improve access for minority students and help them earn admission to college.[28]

A Northwestern alumnus, Satter serves on the school’s Board of Trustees and is chairman of its Finance Committee.[29] Northwestern University has $12 billion in assets and an operating budget of over $2 billion per year.[30]

Navy SEAL Foundation

Satter serves on the board of the Navy SEAL Foundation,[31] which provides immediate and ongoing support to the Naval Special Warfare (NSW) community.[32] He started an annual fundraiser for the organization in Chicago, raising more than $2.6 million in 2014.[33]

The Nature Conservancy

The Satter Foundation has been a consistent supporter of The Nature Conservancy (TNC) including seven years as treasurer and chairman of its Finance Committee.[34]

TNC is one of the largest environmental non-profits in the world with more than $6 billion in assets—including a $2 billion endowment and capital fund[35]—and operations in more than 35 countries.[35] Satter served from 2006 to 2015 on TNC's Board of Trustees, including seven years as chairman of its Finance Committee.[36]

Satter is currently a member of the advisory board of TNC's NatureVest unit,[34] which creates "investable deals that deliver conservation results and financial returns for investors."[37] It was founded in 2014.[37]

Room to Read

The Satter Foundation is a longtime supporter of Room to Read,[38] which has built over 19,000 schools and libraries, distributed over 15 million books and funded over 30,000 scholarships for girls in 10 countries in the developing world.[38] Satter served as co-chairman of Room to Read's board from 2005 to 2008.[38]

Goldman Sachs Foundation

Satter is vice-chairman of the board of the Goldman Sachs Foundation and GS Gives.[2] The Goldman Sachs Foundation organizes and supports 10,000 Women, a global initiative that fosters economic growth by providing women entrepreneurs around the world with a business and management education, mentoring, networking and access to capital.[39]

Politics and public affairs

Satter is a donor and fundraiser for political candidates who support economic growth and job creation. Satter is a board member for World Business Chicago,[40] a business development non-profit founded to "create jobs, cultivate talent, and put Chicago at the forefront of the global economy."[41] Satter is a Member of the Council on Foreign Relations and the Chicago Council on Global Affairs. Satter serves on the advisory board of the American Enterprise Institute.[2]

Satter was a National Finance co-chairman for Mitt Romney’s effort in 2008[42] and 2012.[21][43][44]

Personal

Satter is married to Kristen Hayler Hertel, who he met while attending Northwestern University. They have 5 children.[45]

References

  1. ↑ Bykowicz, Julie (24 February 2015). "Republican Superdonor Muneer Satter Is Rooting for Rahm Emanuel". Bloomberg. Retrieved 19 October 2015.
  2. 1 2 3 4 5 6 "Muneer A. Satter". Reverence Capital Partners. Retrieved 2016-03-07.
  3. 1 2 3 4 5 6 "Satter Investment Management, LLC: Private Company Information - Businessweek". Businessweek.com. Retrieved 2016-03-07.
  4. ↑ II, Ralph Ross Devine,. "Muneer Ahmad Satter, Houston, TX Texas". www.westchesterwildcats.com. Retrieved 2016-03-07.
  5. 1 2 3 "List of Public Companies Worldwide, Letter - Businessweek - Businessweek". Businessweek.com. Retrieved 2016-03-07.
  6. ↑ "What is a VAD? | HeartWare". www.heartware.com. Retrieved 2016-03-07.
  7. ↑ "Vital Therapies Corporate Fact Sheet" (PDF). Retrieved 7 March 2016.
  8. ↑ "Board | Vital Therapies". vitaltherapies.com. Retrieved 2016-03-07.
  9. ↑ "Research & Development Pipeline | Akebia Therapeutics". Akebia Therapeutics. Retrieved 2016-03-07.
  10. ↑ "Board of Directors | Akebia Therapeutics". Akebia Therapeutics. Retrieved 2016-03-07.
  11. ↑ "Aerpio Therapeutics". www.aerpio.com. Retrieved 2016-03-07.
  12. ↑ "Annexon Bioscience Closes $34M Series A-1 Funding for Novel Approach to Neurodegenerative and Autoimmune Diseases | Annexon Biosciences". annexonbio.com. Retrieved 2016-03-07.
  13. ↑ "Annexon Biosciences". annexonbio.com. Retrieved 2016-03-07.
  14. ↑ "Board - Annexon Biosciences". Annexon Biosciences. Retrieved 2016-03-23.
  15. ↑ "Home | Tokai Pharmaceuticals". tokaipharmaceuticals.com. Retrieved 2016-03-07.
  16. ↑ "Aileron Therapeutics : Our Science : Discovery of Stapled Peptides". aileronrx.com. Retrieved 2016-03-07.
  17. ↑ "Aileron Therapeutics Initiates Phase 1 Cancer Study of ALRN-6924 in Advanced Hematologic and Solid Malignancies with Wild Type p53". Business Wire. 2015-02-12. Retrieved 2016-03-23.
  18. ↑ "DNA: nanopore sequencing - Applications - Oxford Nanopore Technologies". nanoporetech.com. Retrieved 2016-03-07.
  19. ↑ "Restorsea Innovative Skincare - A Natural Way to Ageless Beauty". www.restorsea.com. Retrieved 2016-03-07.
  20. ↑ 990-PF: Return of Private Foundation. The Satter Foundation. 2011. Attachment 5.
  21. 1 2 Alesci, Cristina. "Goldman Mezzanine Chief Muneer Satter Steps Down". Bloomberg.com. Retrieved 2016-03-07.
  22. ↑ "Goldman Sachs | Press Releases - Goldman Sachs Closes GS Mezzanine Partners III at $2.7 Billion - Largest Mezzanine Fund Ever Raised". Goldman Sachs. Retrieved 2016-03-07.
  23. ↑ ProPublica, Mike Tigas, Sisi Wei,. "Nonprofit Explorer - ProPublica". ProPublica. Retrieved 2016-03-07.
  24. ↑ "Berea College Yearbooks". Berea College. Retrieved 2016-04-11.
  25. ↑ "Berea College". The Black Past: Remembered and Reclaimed. Retrieved 2016-04-11.
  26. ↑ "History - About Berea College". www.berea.edu. Retrieved 2016-04-11.
  27. ↑ Annual Report, The Satter Foundation.
  28. 1 2 "Alumni Muneer Satter and Kristen Hertel Commit More Than $10 Million to Northwestern: Northwestern University News". www.northwestern.edu. Retrieved 2016-03-07.
  29. ↑ "Seven Named to Northwestern Board of Trustees: Northwestern University News". www.northwestern.edu. Retrieved 2016-03-07.
  30. ↑ "Northwestern University 2014 Financial Report" (PDF). 2014. Retrieved 7 March 2016.
  31. ↑ "Foundation Leadership | Navy SEAL Foundation". www.navysealfoundation.org. Retrieved 2016-03-07.
  32. ↑ "About the Navy SEAL Foundation | Navy SEAL Foundation". www.navysealfoundation.org. Retrieved 2016-03-07.
  33. ↑ "Guess who came to dinner: Aaron Schock". Crain's Chicago Business. Retrieved 2016-03-07.
  34. 1 2 "Muneer Satter". NatureVest. Retrieved 2016-03-07.
  35. 1 2 "The Nature Conservancy Consolidated Financial Statements For the year ended June 30, 2014 And report thereon" (PDF). The Nature Conservancy. Retrieved 7 March 2016.
  36. ↑ "The Nature Conservancy Announces New Chairman of the Board | The Nature Conservancy". www.nature.org. Retrieved 2016-03-07.
  37. 1 2 "About Us". NatureVest. Retrieved 2016-03-07.
  38. 1 2 3 "Room to Read". www.roomtoread.org. Retrieved 2016-03-07.
  39. ↑ "Goldman Sachs | About the Program". Goldman Sachs. Retrieved 2016-03-07.
  40. ↑ "Muneer A. Satter". World Business Chicago. Retrieved 2016-03-07.
  41. ↑ "Who We Are". World Business Chicago. Retrieved 2016-03-07.
  42. ↑ AP. "Romney Fundraisers Quietly Amass Millions". CNBC. Retrieved 2016-03-07.
  43. ↑ Eggen, Dan (2012-03-16). "Romney bundlers are key to his presidential campaign". The Washington Post. ISSN 0190-8286. Retrieved 2016-03-07.
  44. ↑ "The 20 Most Powerful Political Insiders: Muneer Satter". Crain's Business Chicago. Retrieved 2016-05-02.
  45. ↑ "A check and a call that sparked a friendship". Crain's Chicago Business. Retrieved 2016-03-07. They savored the expansive view of Lake Michigan from the back patio and beamed as Mr. Satter and his wife, Kristen Hertel, introduced their five daughters, ages 6 to 11 (including a set of triplets).

External links

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