Darrell Crate

Darrell W. Crate (born 1967) is an American business executive, political figure, and investor. He served as the chief financial officer of Affiliated Managers Group. He is currently a Managing Principal of Easterly LLC, a private equity firm he founded in 2009.
A native of New York City, Crate attended Bates College in Lewiston, Maine before attending Columbia Business School in New York. After his career as an investment banker at Chase Manhattan Bank, he was hired as the managing director of Financial Institutions Group based in London. He was soon after asked to join Affiliated Managers Group as its chief financial officer–a position he held until 2011. While at the firm he served as the chairman of the Massachusetts Republican Party from 2003 to 2007. Crate served as treasurer and a member of the executive committee of the Romney for President campaign in 2012, a role that he also held during the 2008 cycle.

Crate was born in New York City in 1967. Crate received his Bachelor of Arts in economics from Bates College in 1989 and his M.B.A. from Columbia Business School in 1995.

Darrell Crate ringing the NASDAQ opening bell.

Chase bank

Crate began his career in the investment banking division at Chase Manhattan in New York. He departed as the managing director of the Financial Institutions Group based in London and New York, focusing exclusively on investment management firms.

Affiliated Managers Group

As Chief Financial Officer

From 1998 to 2011, he served as the chief financial officer of Affiliated Managers Group a publicly traded asset management holding company. During his tenure at AMG, assets under management grew from $50 billion to over $340 billion through mutual fund, pension, and high-net-worth accounts globally, with over half of its clients domiciled outside the United States. Over this same period, the company’s valuation increased materially, from $450 million to $6 billion.

Easterly LLC

As Founder

In 2009, Crate founded Easterly LLC, a firm that builds operating businesses to gain exposure to the growth in both asset management and non-bank finance sectors. He joined the firm full-time in 2011.

As Chairman

In February 2015, Crate became the chairman of Easterly Government Properties, Inc., a publicly traded REIT on the New York Stock Exchange under the ticker symbol "DEA" that is focused primarily on the acquisition, development and management of Class A commercial properties that are leased to U.S. Government agencies that serve essential functions.

In July 2015, Crate became the chairman of Easterly Acquisition Corp., a publicly traded blank check company on NASDAQ under the ticker symbol "EACQ" that has $200 million of capital that is seeking a partner business with which to merge, grow, and compete successfully in the public markets.

Crate served as treasurer and a member of the executive committee of the Romney for President campaign in 2012, a role that he also held during the 2008 cycle. From 2003 to 2007, Crate served as the chairman of the Massachusetts Republican Party.

Crate is involved with a number of non-profit, political, and charitable organizations. Since 2003, he is a member of the Board of Trustees of his alma mater, serving as the chair and co-chair of the advancement and investment committees, respectively. Crate has been a trustee of Islesboro Island Trust (2002), AOPA (2004), IYRS (2008), Adams Memorial Foundation (2011), Ethel Walker School (2015), and an advisor to The Trustees of Reservations (2002) and RFK Children's Action Corp (2006). In 2015, he was appointed the vice president of the Westminster Kennel Club.