Lynn G. Tilton (born April 22, 1959) is an American businesswoman and collateralized loan obligation (CLO) creator, owner and manager. She is the chief executive officer and sole principal of Patriarch Partners, LLC and its affiliated entities, a holding company managing 75 companies. She worked for Goldman, Sachs and Merrill Lynch as an investment banker.
Early life and education
Tilton was born in The Bronx, raised in Teaneck, New Jersey and attended Teaneck High School, where she played on the tennis team. Her father,, was a tough New York City schoolteacher and a strong influence on her. He died of a brain tumor during her junior year in college. She obtained a BA degree in American Studies from Yale University in 1981 and an MBA degree in Finance from Columbia University.
Tilton began her career at Morgan Stanley in 1981. She also worked for Goldman, Sachs & Co. and Merrill Lynch as an investment banker until 1989. Prior to founding Patriarch Partners, Tilton was an executive at Long Drive Management Trust, a special situations investment fund, and Executive Managing Director of Papillon Partners, Inc., a firm which she founded to offer customized research, valuation and execution services to sellers of bank loans and high yield bonds.
Since 2000, through Patriarch Partners' affiliated funds, Tilton has had ownership in and restructured more than 240 companies with combined revenues of $100 billion. She is also Chairman and CEO of MD Helicopters, Inc., a manufacturer of commercial and military helicopters, the acting CEO of Dura Automotive Systems, a Tier 1 supplier to automotive and transportation industry OEMs, and CEO of Stila, a cosmetics company.
In October 2011, Tilton was interviewed by Barbara Walters for a 20/20 special. She appears periodically on CNBC and is an occasional contributor to The Huffington Post.
Awards and accolades
On January 21, 2011 Lynn Tilton was honored as “Aviation Entrepreneur of the Year” at the 8th Annual Living Legends of Aviation Awards ceremony at the Beverly Hilton in Beverly Hills, CA. She was recognized for her leadership in the successful turnaround of Patriarch portfolio company MD Helicopters (MDHI)
On December 18, 2012 Diversity Women Magazine awarded Lynn Tilton the Mosaic Women Legend Award for her efforts in saving American jobs. The award was presented at the National Diversity Woman Business Leadership Conference.
On November 19, 2014 Lynn Tilton was presented with the Business Women's Entrepreneurship Day Pioneer Award at the United Nations.
On September 5, 2014 Lynn Tilton was awarded the Intercollegiate Tennis Association (ITA) Achievement Award at the ITHF Board of Directors Meeting at the Grand Hyatt Hotel in New York. The ITA Achievement Award pays tribute each year to past participants in the world of varsity tennis who have achieved excellence in their chosen careers. The spirit of the award honors both professional success and contributions to society, made either as a direct result of a career or through humanitarian efforts.
In March 2015, the U.S. Securities and Exchange Commission (SEC) charged Tilton with defrauding her collateralized loan obligation (CLO) investors. She filed a lawsuit against the SEC on April 1, 2015 to stop the SEC from pursuing the charges against her.
In June 2016 an article in the New York Times attributed the collapse of TransCare, a provider of ambulance services directly to Patriarch and Lynn Tilton
According to Patriarch Partners' website, Tilton married a man during her junior year at Yale, and by age 25, had a daughter named Carly. She lives in Rumson, New Jersey and Highland Beach, Florida.