Martin Nesbitt

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For the North Carolina politician, see Martin Nesbitt (politician).
Marty Nesbitt
Martin Nesbitt on Air Force One in 2009.jpg
Born
Martin Hughes Nesbitt

(1962-11-29) November 29, 1962 (age 58)
Columbus, Ohio, U.S.
EducationAlbion College (BA)
University of Chicago (MBA)
Political partyDemocratic

Martin Hughes Nesbitt (born November 29, 1962) is an American businessman and public figure. Nesbit currently serves as co-CEO of The Vistria Group, a Chicago-based private equity firm.[1] Nesbitt serves on the boards of directors of publicly traded companies CenterPoint Energy, Norfolk Southern Corporation, and American Airlines Group. Nesbitt formerly served as the founder and chief executive officer of The Parking Spot, a Chicago-based airport parking company. He also served on the board of the Chicago Housing Authority.

Nesbitt is a close personal friend of former U. S. President Barack Obama and was the campaign treasurer during Obama's 2008 presidential campaign.[2] He also serves as Chairman of the Barack Obama Foundation.

Early life and education[]

Nesbitt was born and raised in Columbus, Ohio, graduating from Columbus Academy.[3] He went on to earn his bachelor's degree from Albion College in Albion, Michigan, in 1985. After working as a financial analyst at GMAC, he won a fellowship to study at the University of Chicago Graduate School of Business, where he earned his MBA in 1991.

Business career[]

From 1996 to 1998, he worked as the vice president of Pritzker Realty group and in 1998, he founded The Parking Spot along with investor Penny Pritzker.[4] The Parking Spot offers airport parking services primarily for business travelers.[5]

In 2013, he co-founded The Vistria Group, a private equity firm, with Chicago businessman Kip Kirkpatrick.[2][6][7] Both Nesbitt and Kirkpatrick serve on the board of Rush University Medical Center.[6] Along with a series of other funds, The Vistria Group acquired Apollo Education Group, one of the world's largest private education providers, in 2017, and the parent company of University of Phoenix.[8] The firm has over $3.1 billion in assets under management from institutional investors like public retirement plans, corporations, endowments or foundations, high net-worth families, non-U.S. investors and financial institutions.[6] Nesbitt additionally serves on the board of CenterPoint Energy, a natural gas and electric company.[9]

Relationship with Barack Obama[]

Nesbitt met Barack and Michelle Obama through Michelle Obama's brother Craig Robinson who was a high school basketball coach. He supported Obama's 2004 U.S. Senate bid and served as the treasurer on his 2008 presidential campaign. Nesbitt is currently on the foundation planning board for the home of the future Barack Obama Presidential Library and Museum.[10]

References[]

  1. ^ "Martin Nesbitt-bio". vistria.com. Retrieved April 6, 2019.
  2. ^ Jump up to: a b Harris, Melissa (January 21, 2013). "Executive Profile: Martin Nesbitt, the first friend". Chicago Tribune. Retrieved May 17, 2018.
  3. ^ Chicago Tribune: "Executive Profile: Martin Nesbitt, the first friend - Drive to succeed evident in business, with family, on basketball court" By Melissa Harris January 21, 2013
  4. ^ "Martin Nesbitt". Business Makers. The History Makers. Retrieved 2 January 2014.
  5. ^ Sharkey, Joe (November 6, 2007). "The Lowly Parking Garage With the Colorful Identity". The New York Times. Retrieved 2 January 2014.
  6. ^ Jump up to: a b c "A new kind of private-equity firm". Crain's Chicago Business. 2019-10-04. Retrieved 2019-10-18.
  7. ^ "Martin Nesbitt". Washington Post. 25 July 2012. Archived from the original on 6 February 2015. Retrieved 2 January 2014.
  8. ^ "Investor Consortium Completes Acquisition of Apollo Education Group, Inc". www.businesswire.com. Retrieved 2017-05-16.
  9. ^ "Martin Nesbitt | Board of Directors | CenterPoint Energy, Inc". investors.centerpointenergy.com. Retrieved 2020-09-17.
  10. ^ Jackson, David (2014-01-31). "Obama library foundation is formed". Usatoday.com. Retrieved 2014-05-16.
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