Perry Capital
| Richard Cayne Perry | |
|---|---|
| Born | 1955 (age 61–62) |
| Nationality | American |
| Education | B.S. Wharton School of the University of Pennsylvania M.B.A. New York University Stern School of Business |
| Occupation | Hedge fund manager |
| Known for | founder of Perry Capital LLC |
| Net worth | US$ 1.2 billion(2008) |
| Spouse(s) | Lisa Rachel Newberger |
| Parent(s) | Merel Cayne Perry Arnold Bernard Perry |
| Family | James Cayne (uncle) |
Richard Cayne Perry (born 1955) is an American hedge fund manager whose firm Perry Capital LLC has invested in several companies and, since 2012, owns a controlling interest in Barneys New York.
Perry spent his early life in Chicago, the son of Merel (née Cayne) and Arnold Perry. His mother, who ran a small import business, is sister to former Bear Stearns C.E.O. James Cayne; his father, Arnold, ran several firms including a book publisher and a business-machine company. He moved to Manhattan at the age of 10 and when he was 13, his parents divorced. He attended the Allen-Stevenson School all-boys' private grade school in Manhattan and then high school at the Milton Academy in Milton, Massachusetts, graduating in 1973. He attended the Wharton School of the University of Pennsylvania and graduated with a B.A. in 1977. While attending Penn, his father was able to secure him an internship at Goldman Sachs where he worked directly under one of its partners, L. Jay Tenenbaum. After graduation, he was hired by Goldman Sachs on an equity options trading desk. During this time, Perry earned a M.B.A. at night from NYU's Business School.
He moved to the equity-arbitrage desk at Goldman Sachs run by Robert Rubin. During this time he was Rubin's teaching assistant at NYU Stern and even babysat Rubin's children. He eventually left to form Perry Capital in 1988.
Perry's first major investment was Florists' Transworld Delivery (FTD), which Perry Capital acquired in 1994 for $130 million. Among his actions was installing Meg Whitman as the C.E.O. In 2004, he sold his stake in the company for $450 million.
In 2005, he was among the investors providing a loan of $512 million for Malcolm Glazer to purchase British football team Manchester United.
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