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 Perry W. Steiner
Perry is a Managing Partner of the Firm and has shared overall responsibility for all management and investment activities of the Fund. He has built and run a public company, and has over a decade of private equity experience. At Arlington, Perry has been active in all areas of the firm's investment activities, and has had primary responsibility for the firm's media investments.
Prior to joining Arlington in 2001, Perry was president of Digital River (NASDAQ:DRIV), a business process outsourcing company managing e-commerce systems for companies on an outsourced basis. He built the company from $2 million to $40 million in revenues during a three year period. Perry led the company to its IPO in 1998, which was one of the top 10 performing IPO's of the year. Perry built the company to an estimated 70% market share in the software industry, consolidating the market by completing and integrating seven acquisitions. The company manages e-commerce systems for over 40,000 companies globally, with sales of $225 million, EBITDA of $100 million and a current market capitalization in excess of $1 billion.
Prior to Digital River, Perry co-managed Wasserstein Perella Ventures, the firm's debut $135 million venture capital fund. He was responsible for establishing the reputation of Wasserstein Perella in the venture capital community and generating investment opportunities for the firm. He assisted in establishing the fund's investment strategy, criteria and industry specialization, with a focus on technology, media and healthcare. Prior to Wasserstein, he was a principal of TCW Capital, a group of middle market buyout funds. He worked with companies in a wide variety of industries, including media, manufacturing and consumer products. Perry began his career as a financial analyst in the investment banking division of Goldman, Sachs & Co.
He received his BA in history from the University of Michigan, and his MBA in finance from the Wharton School of Business at the University of Pennsylvania.
Perry currently serves on the Board of Directors of Main Line Broadcasting, Virgo Holdings, Cherry Creek Radio, Long Island Radio and Digital River. He previously served on the Board of Directors of former portfolio company New Vision Group. |
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