Darrell Crate
| Darrell Crate | |
|---|---|
| Born |
Darrell W. Crate New York City, New York, U.S. |
| Residence | Hamilton, Massachusetts, U.S. |
| Citizenship | United States |
| Alma mater |
Bates College Columbia University |
| Occupation | Investor, private equity manager, and philanthropist |
| Years active | 1995 - present |
| Employer | Chase Bank (1995 - 1998) AMG (1998 - 2011) Easterly (2009-present) |
| Known for | Founding and managing funds of Easterly & Affiliated Managers Group |
| Salary | $2.1 million (annual) |
| Political party | Republican |
| Website | easterlycapital |
Darrell W. Crate (born 1967) is an American investor, private equity manager, and philanthropist. He served as the chief financial officer of Affiliated Managers Group. He is currently a managing principal of Easterly, a private equity firm in Beverly, Massachusetts 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 City. 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 from 1998 until 2011.
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.
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.
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.
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