The Brains Behind HGGC, LLC, Explained
Steve Young is widely considered one of the best gridiron football players to ever grace the ranks of the National Football League. Although most people remember him for the 13 consecutive seasons he spent with the San Francisco 49ers, others may better recognize him as one of four co-founders and three current managing partners of the financial services firm HGGC, LLC.
Believe it or not, the former pigskin-slinger has an astute business mind. However, the three others who co-founded HGGC alongside the former number-eight-wearing NFL star have been just as integral to the company’s success.
Check out those other three co-founders:
• Richard “Rich” Lawson, longtime CEO of HGGC, is also known for co-founding Huntsman Gay Capital Partners and Sorenson Capital in 2007 and 2002, respectively, both of which are private equity firms. Lawson may better be known by some for his current tenures among the administration or board of directors of the San Francisco Zoo, the Forever Young Foundation, Wasatch Adaptive Sports, or the Capital Impact Foundation.
• Greg Benson, Executive Director of HGGC’s investments in iQor, Sandbox, and Pearl Holding Group. Chances have it that you’re familiar with the world-famous Bain Capital, where Benson has been employed as an Executive Vice President. Benson’s career in business began with a 16-year stint at General Electric, coming immediately after bagging a bachelor’s degree in business administration from the University of Minnesota.
• Bob Gay, also Executive Director, has worked in the upper echelons of Bain Capital for 15 years. His current responsibilities include serving the boards of directors of the Forever Young Foundation, Realizing the Dream, and Right to Play. Mr. Gay, who also spent time at the world-famous consulting firm McKinsey & Co., holds a doctorate of philosophy in business economics from arguably the world’s most prestigious college – Harvard University.
How exactly does HGGC generate revenue?
Every investment firm is different in how it places investors’ hard-earned money into investment vehicles. HGGC seeks out middle-market businesses, most of which are based in Canada, Mexico, and the United States, to purchase partial stakes of ownership in.