Financial Services >> Analyst Interviews >> September 23, 2003

Investing In Value-oriented Private Companies: Milton Lewin – Greenlight Private Equity Partners

MILTON LEWIN of Greenlight Private Equity Partners began his career in the early 1980s at Citibank's Investment Banking unit, where he helped launch the bank's efforts in the areas of asset/loan sales and international debt swaps. He then went to Oppenheimer's High Yield/Special Situations department, where he was one of the first people hired. Over the next several years, the department grew to over 50 employees and became the preeminent trader, and source, of all components of the balance sheets of distressed and bankrupt companies. The department became known for its holistic approach to investing, helping to create markets and investors for secondary bank loans, restructured securities, trade claims, discounted receivables, as well as all traditional financial assets. In 1995, Mr. Lewin took over management of the department and continued its growth and its run of highly profitable results. In 1997, Mr. Lewin left OPCO to pursue his dream of traveling around the world, which he did for 13 months. Upon returning, he wrote a television pilot that was optioned (but not produced) by Dustin Hoffman's production company and attempted to launch a financial services Website to trade certain illiquid financial assets. He then spent two years advising, and raising capital for, small companies. He launched GPEP in January 2002. He is a graduate of the Wharton School of the University of Pennsylvania, where he majored in Finance and Political Science. Profile
TWST: Would you give us a quick overview of Greenlight Private Equity?

Mr. Lewin: Greenlight Private Equity was founded about a year and a half

ago. We're a relatively small fund, focusing on