Stephen L. Norris - Wikipedia, the free encyclopedia

Stephen L. Norris - Wikipedia, the free encyclopedia

Stephen L. Norris

From Wikipedia, the free encyclopedia

Stephen L. Norris is one of the co-founders of The Carlyle Group, an American private equity firm and currently the Chairman of Stephen Norris Capital Partners, LLC. He is a former member of the Federal Retirement Thrift Investment Board, who was appointed by PresidentGeorge H. W. Bush in 1990.[1]

[edit]Corporate career

The Carlyle Group was founded in 1987 by Stephen L. Norris and David M. Rubenstein. As they wanted the firm to outlive them, Norris and Rubenstein named the firm after the Upper East Side area hotel in New York City, the Carlyle Hotel, where they first met to discuss the idea. Norris and Rubenstein later hired Dan D'Aniello, William E. Conway, Jr. and Greg Rosenbaum.[3] Rosenbaum left in 1987[4]; Norris left in 1995[5]. The three remaining founders are reported to collectively own around a 50% interest in the group's general partnership. The rest of Carlyle is owned by a group of individuals, most of whom serve as managing directors, and by two institutional investors. Prior to co-founding the Carlyle Group, Mr. Norris was a senior executive at Marriott Corporation.

In 2008, Norris announced a memorandum of understanding with the SCO Group, a Unix and Linux software company involved in lawsuits against IBM, Novell, and others. Under the terms of the plan, Norris would purchase a controlling interest in SCO for $100 million. The SCO Group Announces Reorganization Plan to Include $100 Million Financing by Stephen Norris Capital Partners][2]

In March 2009, Gulf Capital Partners, LLC, announced the appointment of Stephen L. Norris as the Chairman of the Board of Directors. Gulf Capital Partners is a private equity firm based in Beverly Hills, California with offices in Dubai, Doha and New York.

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