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New York Life Capital Partners LLC (NYLCAP) manages over $6.8 billion1 of private equity assets, including direct equity, direct mezzanine, and limited partnership investments. As an affiliate of New York Life Investment Management, NYLCAP manages alternative assets for New York Life Insurance Company, its affiliates and other institutional investors.
NYLCAP, together with its predecessor organizations, began investing in private equity partnerships in 1984 and has been an active, direct private equity investor since 1991.
NYLCAP's partnership investment philosophy for the past 18 years has been to create a focused portfolio of key relationships with top-performing financial sponsors utilizing a "Core Partner" strategy.
NYLCAP's Core Partner strategy is based on identifying top performing financial sponsors who have a demonstrated expertise within a target area of investing and a definable value-added approach to their portfolio companies. The Core Partner strategy involves a proactive and comprehensive review of a wide spectrum of general partners and has led to NYLCAP's early identification of many leading private equity firms over the last 18 years. This type of strategy creates a high-quality, proprietary deal flow.
Learn more about NYLCAP's investments:
New York Life Capital Partners
51 Madison Avenue
16th Floor
New York, NY 10010
212 576-6500
 INVESTMENT PROFESSIONALS
The NYLCAP investment team represents one of the most experienced and well-respected groups in private equity. NYLCAP's eight managing principals have over 150 years of collective investment experience and an average tenure at New York Life of over 14 years. The Managing Principals are personally responsible for the strong performance of the track record across all of NYLCAP's private equity programs.
Senior investment professionals include:
- John E. Schumacher—Chairman
Mr. Schumacher joined New York Life in 1991 and is currently Chairman of NYLCAP, responsible for overseeing all of NYLCAP's investment and business development activities and managing the Firm's fund advisory business. Mr. Schumacher previously served as NYLCAP's CEO from its formation in 1999 through 2009. Prior to NYLCAP, Mr. Schumacher was the Head of the $14 billion Private Finance Group of New York Life. Prior to joining New York Life, Mr. Schumacher was a Vice President in the Private Placement Group at Manufacturers Hanover Trust Company where he began his career in 1983. Mr. Schumacher earned a BA in History in 1978 from Columbia College and an MBA in 1989 from New York University's Stern School of Business.
- Thomas M. Haubenstricker—CEO
Mr. Haubenstricker joined New York Life in 1991 and is currently CEO of NYLCAP, responsible for the day-to-day management of the Firm and its investment activities. In addition, Mr. Haubenstricker continues to manage NYLCAP's mezzanine business, a role he has held since 2001. Since joining New York Life, Mr. Haubenstricker has assumed positions of increasing responsibility, including co-heading the Private Finance Group and establishing New York Life's London affiliate in 1994. Prior to joining New York Life, Mr. Haubenstricker worked at Prudential Financial where he focused on leveraged financings in their Private Placement Department. Mr. Haubenstricker earned a BS in Chemical Engineering, with honors, in 1982 from Michigan State University and an MBA in 1987 from the Wharton School of the University of Pennsylvania.
- Steven M. Benevento, CFA—Senior Managing Principal
Mr. Benevento joined New York Life in 1995 and is currently a Senior Managing Principal. Mr. Benevento is responsible for managing NYLCAP's equity co-investment business and is involved in all of NYLCAP's investment activities. Prior to NYLCAP, Mr. Benevento managed a portfolio of private equity, mezzanine and non-investment grade debt investments within New York Life's Private Finance Group. Previously, Mr. Benevento worked in the investment group of TIAA-CREF where he focused on debt and mezzanine investments in the private market. Mr. Benevento earned a BS in Finance, summa cum laude, in 1987 from the State University of New York at Albany and an MBA in 1991 from New York University's Stern School of Business. Mr. Benevento was a Beta Gamma Sigma honoree as both an undergraduate and graduate student. Mr. Benevento is a holder of the Chartered Financial Analyst designation.
- Quint Barker, CFA—Managing Principal
Mr. Barker joined NYLCAP in 2000 and is currently a Managing Principal. Mr. Barker is involved in all of NYLCAP's investment activities with a concentration on NYLCAP's equity co-investment business. Prior to NYLCAP, Mr. Barker was a Vice President in PaineWebber's Principal Transactions Group, where he co-managed a $1 billion portfolio of alternative investments, which included the firm's, the Chairman's, and other top executives' venture capital, LBO equity, real estate, and hedge fund investments. Prior to PaineWebber, Mr. Barker worked in the Private Finance Group of New York Life, where he managed a portfolio of private equity, mezzanine, and non-investment grade debt investments. Mr. Barker earned a Bachelors in Electrical Engineering in 1990 from Georgia Tech and an MBA in 1994 from Duke University. Mr. Barker is a holder of the Chartered Financial Analyst designation.
- David Bangs—Managing Principal
Mr. Bangs joined NYLCAP in 2006 and is currently a Managing Principal concentrating on the NYLCAP Select Manager Fund, LP. Prior to NYLCAP, Mr. Bangs oversaw a number of different groups within New York Life Investments, including the Private Finance, Public Investment Grade Corporate Bond, Emerging Markets, Project Finance and Leverage Loan Groups. Prior to that, Mr. Bangs was the Co-Head of New York Life Investments' Private Finance Group. He joined New York Life in 1996 from Kemper Securities where he was responsible for all aspects of originating, structuring and placing private placements, primarily for middle market companies. Mr. Bangs began his career at Manufacturers Hanover Trust Company working on all aspects of their private placements business following his training as a corporate credit analyst. Mr. Bangs earned a BA in Political Economy in 1983 from The Johns Hopkins University and an MBA in 1989 from New York University's Stern School of Business.
- Amanda Parness—Managing Principal
Ms. Parness joined New York Life in 1998 and is currently a Managing Principal. Ms. Parness is involved in all of NYLCAP's investment activities with a concentration on NYLCAP's fund advisory business. Prior to joining New York Life, Ms. Parness worked as a Financial Analyst in the Equity Research Department of Goldman Sachs. Ms. Parness earned a BA with dual majors in Economics and English Literature in 1993 from Barnard College at Columbia University and an MBA in 1998 from Columbia University.
- Susan Ruskin—Managing Principal
Ms. Ruskin joined NYLCAP in 2001 and is currently a Managing Principal. Ms. Ruskin is involved in all of NYLCAP's investment activities with a concentration on NYLCAP's mezzanine business. Prior to joining NYLCAP, Ms. Ruskin worked as an Associate in the Credit Portfolio Division of J.P. Morgan. Ms. Ruskin earned a BA in International Relations, cum laude, in 1995 from the University of Pennsylvania and an MBA in 2001 from the Stanford Graduate School of Business.
- Matthew Cashion—Jr. Principal
Mr. Cashion joined New York Life in 1998 and is currently a Junior Principal. Prior to joining NYLCAP, Mr. Cashion was an Analyst in the Private Finance Group of New York Life, specializing in bank loans and private high yield investments. Mr. Cashion earned a BA with dual majors in Comparative Government and Spanish Language in 1998 from Georgetown University and an MBA in 2005 from Columbia Business School.
- Paul V. Roberts—Jr. Principal
Mr. Roberts joined NYLCAP in 2004 and is currently a Junior Principal. Prior to joining NYLCAP, Mr. Roberts served as a financial consultant to private companies in the San Francisco Bay area, where he had responsibility for establishing and improving financial and accounting systems, capital raising and financial engineering. Prior to this, Mr. Roberts was a Principal at J.P. Morgan Partners where he was responsible for originating, structuring and executing private equity investments. Mr. Roberts earned a BS in Accounting in 1984 from California State University-Los Angeles and an MBA in Finance and Corporate Strategy in 1995 from the University of Michigan's Ross School of Business.
- A. Vijay Palkar—Jr. Principal
Mr. Palkar joined NYLCAP in 2002 and is currently a Junior Principal. Prior to joining NYLCAP, Mr. Palkar worked as a Financial Analyst in the Investment Banking Division of Bear, Stearns & Co. Inc. As a member of the Technology Group, specializing in Aerospace/Defense, Mr. Palkar analyzed and executed merger, acquisition, strategic advisory, and debt/equity financing transactions. Mr. Palkar earned a BSE with a concentration in Finance in 2000 from the Wharton School of the University of Pennsylvania.
- Scott Iorio—Vice President
Mr. Iorio joined NYLCAP in 2006 and is currently a Vice President. Prior to joining NYLCAP, he was an Analyst in Citigroup's Global Banking Division. At Citigroup, he analyzed and executed debt financings, leveraged buyouts, recapitalizations, mergers, and acquisitions on behalf of clients in the Technology, Media and Communications industries. Mr. Iorio earned a BS in Finance and a minor in Accounting in 2004 from Providence College.
- Charles Cocuzza—Senior Associate
Mr. Cocuzza joined NYLCAP in 2005 and is currently a Senior Associate. Prior to joining NYLCAP, he worked at Northport Partnership Management, LLC where he provided accounting and systems consulting services to firms throughout the private equity industry. Mr. Cocuzza earned a BS in Finance in 2003 from the Rutgers University School of Business.
- David Lippin—Associate
Mr. Lippin joined NYLCAP in 2007 and is currently an Associate. Prior to joining NYLCAP, he was a consultant for First Manhattan Consulting Group where he advised financial institutions on business strategy and was a founding member of the firm's Australasian office. Mr. Lippin earned a B.A. in economics from Harvard College.
- Cassie Hsu—Associate
Ms. Hsu joined NYLCAP in 2007 and is currently an Associate. Prior to joining NYLCAP, she was an Analyst in Citigroup's Investment Banking Division. As a member of the Consumer and Retail group, she analyzed and executed merger, acquisition, strategic advisory, and debt/equity financing transactions. Ms. Hsu earned a B.A. in Economics and International Studies from Yale University.
- Randall Chin—Associate
Mr. Chin joined NYLCAP in 2008 and is currently an Associate. Prior to joining NYLCAP, he was an Analyst in Oppenheimer's/CIBC World Markets' Mergers & Acquisitions Group. At Oppenheimer/CIBC World Markets, he analyzed and executed leveraged buyouts, strategic advisory, mergers and acquisitions across several industries. Mr. Chin earned his B.S. in Business Administration in 2006 from the Washington University in Saint Louis, MO.
- William Yoon—Associate
Mr. Yoon joined NYLCAP in 2008 and is currently an Associate. Prior to joining NYLCAP, he was an Analyst in Deutsche Bank's Investment Banking Division. As a member of the Mergers, Acquisitions & Structuring group, he analyzed and executed merger, acquisition, and strategic advisory transactions across a range of industries. Mr. Yoon earned a B.A. in Economics and minor in Sociology in 2006 from Northwestern University.
- Jonathan Jou—Associate
Mr. Jou joined NYLCAP in 2008 and is currently an Associate. Prior to joining NYLCAP, he was an Analyst in Lehman Brothers' Investment Banking Division. At Lehman, he worked in the Financial Sponsors Group where he analyzed and executed leveraged buyout transactions. Mr. Jou earned a B.S. and a B.A. from Case Western Reserve University in Cleveland, OH.
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