Please enable JS and disable any ad blocker Issues with signing in? Click here Need help signing in? Rayonier president and chief executive Mark McHugh said the New Zealand joint venture’s value is not fully appreciated in public markets Your email address is already registered with us. Click here to receive a verification link and login. Don't have an account? Click here to register Please check your spam or junk folder just in case “Mushrooms and chocolate—the health benefits are undeniable and who doesn’t like a sweet treat before bed?” You can’t have quality maximalism unless you have practiced minimalism.” “A staple in my son’s closet—simple and versatile.” “My go-to dress for a match with my tennis gals!” “Their luxurious leather elevates the classic tote My husband uses this bag for short trips.” Get the best experience and stay connected to your community with our Spectrum News app. Learn More disinvestment and mismanagement of the city’s budget brought New York into a fiscal crisis in 1975 — unlike any it had seen up to that point The result was shuttered schools and firehouses But what happened next is perhaps even more important: the city somehow united to pull itself out of financial and cultural ruin The story is told in a new documentary called “Drop Dead City.” The film’s co-directors joined NY1’s Errol Louis to discuss the movie and this infamous moment in our city’s history The conversation touched on the film’s construction and the broader themes of governmental responsibilities and the impact on New Yorkers living through the crisis They also talked about the co-director’s father who was a pivotal figure in the financial recovery.  weigh in on Twitter using the hashtag #NY1YouDecide or give us a call at 212-379-3440 and leave a message Or send an email to YourStoryNY1@charter.com NY1’s Errol Louis has been interviewing powerful politicians and cultural icons for years but it’s when the TV cameras are turned off that things really get interesting join Errol each week for intimate conversations with the people who are shaping the future of New York and beyond Listen to "You Decide with Errol Louis" every Wednesday APPLE PODCASTS  SPOTIFY STITCHER RSS 2025A still from “Drop Dead City” showing archival footage from a 1975 New York City police layoff protest.Photograph from ABC / Courtesy IFCSave this storySave this storySave this storySave this storyAt a time when the very function of government is being destroyed from within “Drop Dead City,” puts the workings and responsibilities of government front and center in a meticulous reconstruction of New York City’s fiscal crisis of the mid-nineteen-seventies the film brings to the fore the situation’s philosophical implications—the social ideals that put the city in a financial hole and the political forces that very nearly prevented rescue When he narrowly lost the 1976 Presidential election New York State provided the margin of victory in the Electoral College and New York City provided the margin of victory in the state “Drop Dead City” is directed by Peter Yost and Michael Rohatyn Yost is a veteran of historical documentaries and his experience handling information is apparent; the film tells an enormously complex story of financial fine points and political maneuvering along with the underlying social and personal backstories with a deft touch and a brisk sense of wonder It skillfully uses archival footage—partial and selective but resonant and persuasive—to convey the tone of the city at the time has an interest in the subject that is more than historical: his father was the investment banker who engineered the city’s financial rescue (Felix died in 2019 but figures amply in archival footage.) Michael is best known as a composer of film scores—he scored this one and is heard playing keyboards and guitars—and “Drop Dead City” is clearly a personal one for him; he has spoken of shooting two hundred hours of footage Although Michael had turned just twelve in 1975 the story is nonetheless part of his world and the easygoing candor with which many key participants in the drama speak on camera is surely fostered by their affinity with him The story set out in “Drop Dead City” remains startling even half a century later took office believing that the city was two billion dollars in debt conducted an audit and discovered that the debt was actually about six billion dollars The finances were in total disarray; at one point Goldin stumbled on a huge batch of cancelled checks stashed in a closet The problem wasn’t that the city’s books were wrong but that “there were no fuckin’ books”—in the memorable words of Stephen Berger who was later brought in to help straighten things out as the head of the newly formed Emergency Financial Control Board The story took an emperor’s-new-clothes turn: the city was meeting payroll by issuing round after round of short-term bonds a young lawyer representing one of the banks involved asked an assistant comptroller about expected tax receipts needed to back the bonds became convinced that they fell short of what was required laying off city employees including teachers Protests and strikes resulted; garbage piled up in the streets and the police and firefighters unions tried to scare tourists away from the city with propaganda about “Fear City.” (The former mayor David Dinkins calls the latter maneuver “disgraceful.”) Beame twisted arms: when one union obligingly invested some of its pension fund in the municipal bonds He also turned to the government of the State of New York and its new governor to establish the Municipal Assistance Corporation (mac) The institutional creativity in the face of crisis comes off in “Drop Dead City,” with a nearly aesthetic appeal—and offers a crucial reminder just as the destruction of institutions is also a sort of intellectual destruction whose purchasers—including many union pension funds—would be protected in the case of the city’s bankruptcy by a cordoning off of city tax revenues mac (quickly nicknamed Big mac) was empowered to administer the city’s finances leaving Beame a mere figurehead—“devoid of power Yet the city was still on the verge of failing to repay short-term bonds a declaration of bankruptcy was mere hours away but the United Federation of Teachers and its president were refusing to lend the city money by buying the bonds for fear that teachers would be blamed for the bankruptcy but it was in the wake of this nail-biting standoff that Ford made his fateful speech against a bailout A crucial aspect of Ford’s ultimate capitulation was the recognition of the hidden interconnections of cities and countries—a New York bankruptcy would have rattled the national and world economies mac forced the city to take drastic cost-cutting measures reducing a wide range of social services (from drug-abuse treatment to library hours) and—for the first time ever—charging tuition in the City University system was granted on condition of further painful austerities though the city was pulled back from the brink of catastrophe it was also definitively changed for the worse The delight of “Drop Dead City” is that it’s a symphony of voices with archival clips documenting events as they unfolded participants discussing their activities in the moment The sophisticated parsing of law and finance the hard-nosed practicality of retail politics and the workaday lilt of person-in-the-street interviews converge on the soundtrack and are reflected in images that are modestly but candidly communicative—uninflected but humming with passion What’s most moving isn’t the fact that the film shows the disaster being averted but that it gives voice to a full-throated expression of the ideas and principles that got the city into trouble in the first place—the ideals of liberal government Those ideals are set up early on in “Drop Dead City,” with a variety of participants reflecting on New York in the sixties and early seventies who worked on education both for Beame and for his predecessor “There was a great deal of caring for people who had been left out and hadn’t been cared for.” The strength of the municipal unions meant that city workers could earn enough to become homeowners a political-science professor who worked for mac recalls that New York City’s public university system was tuition-free—the only American city where this was so talks about how he was drawn to New York because he saw in its hospital system the chance to fulfill his vision of free universal health care The eminence whom the film casts as the prime mover of benevolent governance is Nelson Rockefeller a liberal Republican (the breed wasn’t uncommon then) who was the state’s governor from 1959 to 1973 liked to do things”—such as health care and public housing—but didn’t pay sufficient attention to where the funds were coming from Rockefeller’s projects caused the city’s expenditures to more than triple from 1963 to 1973 Ferretti bluntly calls Rockefeller “the godfather of the fiscal nightmare.” If Rockefeller’s methods were imprudent who publicly expressed the hope that the crisis would change “our attitudes as to the proper role of government in our society.” The portrait of Rockefeller as an out-of-touch plutocrat whose patrician impulse to help the common man takes no account of fiscal realities at least makes him sound more appealing than plutocrats (then and now) who are alert to fiscal realities but oblivious or indifferent to the needs of ordinary people The underlying problem was that the city’s revenues weren’t keeping pace with its commitments because New York had been undergoing both demographic and economic changes a deputy mayor under Beame and a counsel to Carey from the nineteen-fifties to the seventies “One million whites essential to our tax base moved to the suburbs.” (The city’s population remained fairly stable at about eight million with Black and Hispanic people moving in as the white people left) when European immigrants flooded into the city recent arrivals earned a living with manual labor eventually enabling their children to enter the white-collar middle class as Black and Hispanic residents were coming to New York the city entered a sharp decline as a center of manufacturing The result is that some of the most important things that emerge in “Drop Dead City” do so tacitly: the lack of racial diversity in union leadership New York’s benevolent liberalism of the Rockefeller years comes off as top-down benevolence The impracticality of the city’s doubtless well-intentioned efforts to serve the population at large seems to have extended far beyond the ledgers; the financial crisis proved to be A long-ago crime, suddenly remembered A limousine driver watches her passengers transform The day Muhammad Ali punched me What is it like to be keenly intelligent but deeply alienated from simple emotions? Temple Grandin knows The harsh realm of “gentle parenting.”  Retirement the Margaritaville way Fiction by F. Scott Fitzgerald: “Thank You for the Light.”  Sign up for our daily newsletter to receive the best stories from The New Yorker. We use cookies and other technologies to better understand a visitor's experience and to help improve our websites. By continuing to use the website, you consent to Middlebury's use of cookies and other technologies as outlined in our Privacy Policy A senior International Politics and Economics major from Brooklyn Tessa has a strong connection to the Rohatyn Center; she was a member of the inaugural RGS cohort and this is her second year working as a RCGA intern and RGS mentor Tessa is interested in a range of international and humanitarian issues which has led to a variety of work experiences including at the James Martin Center for Nonproliferation Studies (Middlebury Institute of International Studies) the Argentine Council for International Relations She has just returned from studying abroad at the Middlebury School Abroad in Brazil where she took classes at the Universidade Federal de Santa Catarina in Florianópolis and the Middlebury School Abroad in Argentina where she direct enrolled at the Universidad Torcuato Di Tella in Buenos Aires She returns to Vermont with full fluency in Portuguese and Spanish a better understanding of international relations and a few funny stories of her adventures along the way When Tessa isn’t busy with her classes or running across campus to her meetings in the RAJ painting and playing Ultimate with the Middlebury Pranksters.  Vyas Nageswaran (he/him) is a third-year student from Singapore majoring in Economics and double minoring in Political Science and South Asian Studies The only RGS mentor to not have been a part of the RGS program before he looks forward to embracing the challenges and opportunities that serving as a mentor will bring He hopes to pursue a career related to public policy/development economics after graduation having regularly attended RCGA events related to his scholarly interests since his first semester he enjoys reading PG Wodehouse with a cup of coffee or blogging about philosophy and well-being Connecticut whose affiliation with the RGS community has seen her transition from a member of the inaugural cohort (2021-22) to spending two years as a mentor Although she majors in International and Global Studies with a concentration in Russia and East Europe studying in Kazakhstan has shifted her focus to Central Asia She spent two semesters in Kazakhstan’s capital city and she loved exploring other cities in the ‘stans When it was too cold to travel (up to negative 40 degrees fahrenheit in the winter!) she stayed indoors and pursued her research interests in the relationship between religion and national identity during the early period of the Soviet Union She continues to explore these themes in her senior thesis which she works on between attending spin classes and enjoying the TAM She is currently interested in pursuing a major in History with a minor in Spanish Hazel has become curious about global patterns of migration especially in contexts of international refugee crises She hopes to pursue these interests during her study abroad through the Human Rights Track program in Santiago When Hazel treats herself to homework breaks you can find her in some amazingly crazy outfits throwing a frisbee around or eating some (at times) great food at the dining halls She is fluent in French and is an intermediate Spanish speaker but some Harvard students undertake this monumental task before even setting foot on campus—whether to boost their applications So what happens to these projects once students arrive and get settled at Harvard?  Harvard students have reported that many start-ups fizzle out as students take on heavier college workloads put distance between themselves and their work students agree that founding start-ups before college provided them with important lessons and inspiration for future endeavors.   Despite the immense scale of these problems Rohatyn and Shurman both felt they had the capacity and time to devote to addressing these issues while in high school Daniel Villafuerte ’27—who founded and sold multiple start-ups before college including a wearable UV-ray detection technology and a Puerto Rico tourism app—similarly noted how much easier it was to find time to pursue these ideas in high school than at college.  “A lot of people in high school can focus 100% on something else other than school and still do well in high school,” Villafuerte said especially the most prestigious college in the U.S. it’s hard to work on something on the side and then to also be competitive in school.” Ricky Rollo ’27 started a sneaker resale business called Boston.Sole by sleeping outside sneaker shops the night before a new drop After the pandemic forced storefronts to close so Rollo began developing software to buy shoes as soon as they were released he accumulated enough capital to invest in shoes that this work took up a lot of time and mental capacity It became near impossible to sustain when he started applying to colleges and eventually came to Harvard.  I didn’t really have the drive to finish selling off my inventory and it turned into more of a [collection],” said Rollo In addition to the time constraints Harvard students face they must also contend with the distance separating them from the problems that once affected them so deeply discussed the challenges of staying engaged with the mission of Dear Me while at Harvard.  because it is based on education for middle and high schoolers,” Rohatyn explained She remembers that when she was in high school eating disorders and body image issues were a topic of conversation everywhere she went “Every single day [I was] reminded about why I have to be doing this.” However she feels somewhat removed from the issue that once came up so frequently Rohatyn retained her position as Co-Director of Dear Me Although her two co-founders remain co-directors they are searching for the right people to pass the program on to is struggling to ensure that the work of Covering with Care continues She tried to hand off her nonprofit to younger students at her high school without success.  “I don’t think they were as personally invested in it I should have distributed the work better to get more buy-in But what ended up happening was I just kind of did it all,” Shurman said “I’m not exactly sure what’s happening to it but I’m not running it anymore,” she added Rollo and Villafuerte were more comfortable letting go of the start-ups they founded before college gradually closed up his sneaker business to pursue other interests Rollo now manages a small quant hedge fund called Exeter22 using sophisticated algorithms to buy and trade assets like stocks and commodities “I graduated from the sneaker world into something a bit more professional,” he explained scaling up a single start-up into a large business was never the goal—coming up with new ideas and laying the foundations for them to become a reality was the most satisfying part.  “I was never totally married to any of my ideas at the time I just knew that I could move on from this and go into the next big thing,” Villafuerte said “You’re young and kind of immature at the time so you’re not really looking to build something out and come up with this big company,” he added Irrespective of the fates of their endeavors each Harvard student acknowledged the immense value of founding a start-up “If you see a problem and you think that you have a solution to it And you can try to help more people in an efficient way.” and the lessons you’ve learned from one will definitely carry on towards the other.” From his sneaker business he learned the importance of developing interpersonal skills taking risks; each of these lessons now inform his work in the investment space Villafuerte also shared his belief that working on start-ups enabled him to grow “What I’ve learned the most is only pursue an idea if you’re certain that even if everything fails you still learn from it…and become a better person for it,” he said The student-founders’ work was not just fulfilling for themselves Each made an impact on the lives of others whether through bringing joy through shoes sharing fun tourist sites around Puerto Rico or raising awareness about affordable health insurance or eating disorders Rohatyn summarized the goal of pursuing these projects Gemma Maltby ’27 (gmaltby@college.harvard.edu) wishes she had a good idea for a start-up Is there a topic you think we should cover? An issue students are facing that needs to be explored? We’ll find the story. We also welcome Op-Eds. Submit these to editorinchief@harvardindependent.com To join the weekly newsletter, sign up here. To subscribe to biweekly mailed issues, fill out the form here To read this full article you need to be subscribed to Newsline Rayonier and The Rohatyn Group have announced an agreement for Rayonier to sell the entities that hold its entire 77 percent interest in the New Zealand joint venture to a special purpose vehicle formed by Ents LP This sale marks the conclusion of Rayonier’s previously announced strategic review of its New Zealand business and will result in Rayonier becoming exclusively focused on its U.S while positioning the New Zealand business for continued growth under TRG’s management The transaction is expected to close in 2025 subject to the receipt of regulatory approvals and the satisfaction of other closing conditions Glossary, videos, podcasts, research in the Resource Center Upload your latest press release or suggest a story idea to our editorial team We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy WORLD PREMIERE – Set in 1970s New York City this gripping documentary explores the city’s descent into financial chaos leading to the infamous 1975 fiscal crisis thanks to strong unions and government subsidies NYC plunged into economic freefall  when audits exposed a budget crisis President Ford famously told the city to “drop dead.” Featuring firsthand accounts from former city officials The first screening will be followed by a Q&A with director Peter Yost This film contains the following accessibility options for viewers:Closed Captioning for in-person screenings at IFC Center and Village East by Angelika All in-person screening venues provide sound amplification headphones upon request with venue management IFC Center can also provide a T-Coil loop for compatible devices Don't forget to add SUBMISSIONS to the email subject line Each talent presented work revealing uncharted depths into their practices. Some particularly breathtaking pieces came from Greenberg, the fast-rising New York artist renowned for long-duration performances that push the limits of the human body. One example, the poetic Fountain II (2023) saw two figures embrace on a white plinth surrounded by blood-red liquid as their chests and hands appear to hemorrhage drawing inspiration from the poignant painting “actions” of the late Viennese artist Hermann Nitsch Fountain II went on to inspire “Desire Path,” Greenberg’s new exhibition at Salon 94 and his first Stateside solo show dedicated to his sculptural practice, which sees moments from the performance translated into a series of figurative works by means of clever digital manipulation and scanning techniques. Working with the Mount Vernon stone fabricator Monumental Labs and with support from the fashion label Marni Greenberg hacked a hand-held 3D scanner to reduce its ability to self-correct in capturing movement referring to when people intuitively walk the same trajectory many times over finding the shortest distance between two points “It’s an obsessive process which I have limited control over,” he tells Galerie “When there’s room for error and room for the spirit to take over Each scan was subsequently machine-carved into blocks of pink and white marble before being hand-finished by Greenberg resulting in otherworldly figurations that appear to glitch forth from Fountain II while gesturing to classical sculpture “each possesses an intense concentration of pathos as if Greenberg hacked and compacted Rodin’s The Burghers of Calais into pairs each a one-third-size futurist jigsaw,” notes Salon 94 founder Jeanne Greenberg-Rohatyn Their hands gently wrap around each other’s backsides and wrists while the bodies appear to bear each other’s weight “[They] have an electrical current,” she says revealed the latest from his fashion label’s furniture arm produced by his longtime partner and muse Michèle Lamy and California’s skateparks into one-of-a-kind furniture crafted from rare earth materials like porphyry and bois de marais (swamp wood) alongside unexpected adornments like moose antlers The duo also revealed a never-before-seen version of Tech Glade a modular recording studio developed with Travis Scott for the backstage area of the rapper’s sold-out Circus Maximus tour The expanded ten-piece structure includes a large-screen TV room and recording studio kitted out with mixing equipment and a cocoon-like sofa © 2023 Hudson One Media, LLC. All rights reserved. Privacy Policy Since early this year visitor numbers at Salon 94 have been rising, with the gallery now expecting around 1,500 people on a Saturday In 2021, the contemporary art gallery Salon 94 moved into a 17,500 sq. ft building close to New York’s Museum Mile. The location, the space and the building play into its favour when it comes to footfall. “When we first opened, we would have around 400 people a day coming to visit,” says Jeanne Greenberg Rohatyn, Salon 94’s founder—a good number considering it is a commercial space launched at the tail end of the pandemic. Romero has continued to post about the gallery, as in a video in May about how to spend the perfect solo day in New York City, and now more influencers are joining in. “Sometimes we have to put up signs on a Saturday to say that there’s no changing of clothes allowed because some of the influencers come in with a whole wardrobe,” laughs Greenberg Rohatyn. “We really do want it to be a place for art, so sometimes we have to put a bit of a kibosh on that.” Greenberg Rohatyn says that the TikTok audiences that come through the door don’t convert into sales. “I think it gives energy,” she argues. “I also think that it builds a future collector or a future artist or a future writer.” blog18 March 2025RedNote and TikTok: what is social media like in the Chinese art world?Killer algorithms a huge influencer culture and the 'sweet spot' of RedNote blog13 November 2023How TikTok coaches art world institutions to go viralThe social media platform's lifestyle and education team has been offering services to companies like Sotheby's to help improve content and grow followings blog14 April 2023'TikTok, TikTok… It’s time the art world stopped being so uptight and joined the world's most entertaining app'Big museums are missing a trick by refusing to embrace the youth- and fun- oriented platform the customer willing to pay the highest price wins But the art market is not like most markets Galleries weigh a wide range of factors—from a collector’s relationship to museums to the quality of their collection—in order to determine whether a prospective buyer can have the privilege of acquiring a coveted artwork.  In a market this opaque and confusing, where people compete for objects that are by definition unique—not to mention useless—how and where does one begin? To answer the question, CULTURED surveyed the experts included in our first-ever Power Art Advisors list we have culled highlights from their answers to the question: What is the biggest mistake rookie collectors make See their do’s and don’ts below.  “I encourage a new collector to talk to dealers and to buy at least one work We tend to pay more attention once our own money is involved Buying primarily is also to be a patron—which the arts need The art on our walls describes who we aspire to be—please do not let it be neutral.” “Start slowly—being too impulsive can be costly It’s important to ask questions that might affect the decision-making.” –Ed Tang “New collectors sometimes make decisions based solely on emotion without doing research. I recommend consulting with a more experienced collector, museum curator or art advisor to help to avoid expensive mistakes.” “Have a thesis behind your collection. There are so many conversations in art—politics Having a thesis will keep you focused in the right direction.” “There are a lot [of rookie mistakes] that are equally big and some contradictory of one another: Buying impulsively Thinking they are making good financial investments Not yet experiencing the difference between taste and staying power.” If a collector is starting out and they have zero questions about the work they are seeing I can guarantee they won’t be a good collector or won’t last long.” “[The biggest rookie mistake is] buying because the name is famous but it’s the wrong work by the right artist.” –Abigail Asher Overlook the condition of a potential acquisition.  “Buying for the sole purpose of the thrill of the flip.” “Don’t buy art while on vacation.” Be too eager… or too reticent.  “I think it's critically important for there to be an education period before jumping into buying I find new collectors are often too eager or too reticent I think time should be spent narrowing down artists of interest and which body of work by those artists is the focus and the best work at the best possible price that you love is found –Meredith Darrow Sign up to our newsletter for the latest arts and culture updates a member of the Middlebury Class of 1949 and a former trustee for whom the College’s Rohatyn Center for Global Affairs is named was known around the world for his work as a financier and diplomat Middlebury took the next steps in becoming a premier college of global liberal arts and sciences His support has given Middlebury intellectual and strategic opportunities that will benefit our community for decades “Felix was an icon,” said Middlebury Board Chair George Lee ’88 “a brilliant financier whose highest achievements were in the service of others.” and received his secondary school education in France traveling to several countries before eventually landing in the United States in 1942 Rohatyn graduated from the McBurney School then attended Middlebury where he majored in physics Rohatyn went to work for the investment bank Lazard Frères and Company (now Lazard Ltd.) in 1949 His career was interrupted when he was drafted into the U.S after which he returned to Lazard Frères Describing Rohatyn’s dramatic rise on Wall Street the New York Times called him “one of the world’s pre-eminent financiers” who “brokered numerous mergers and acquisitions He counseled innumerable business leaders and politicians.” Rohatyn is perhaps best known as the architect of New York City’s rescue from financial collapse in the 1970s New York Governor Hugh Carey appointed Rohatyn to chair the newly formed Municipal Assistance Corporation which over the next decade led the city back to solvency He led the nine-member group until 1993 President Bill Clinton appointed Rohatyn ambassador to France in 1997 He was a member of the Council on Foreign Relations and a trustee for the Center for Strategic and International Studies “Felix was a source of inspiration and pride for me throughout my career on Wall Street,” said Ken Wilson P’01 retired vice chairman of BlackRock and a former Middlebury trustee he taught me much about how to comport myself in the C-Suite and the boardroom A truly remarkable man who will forever be missed.” Middlebury Governance and Global Affairs “On long flights back from client meetings we would talk about Middlebury and how the College meant so much to him,” Wilson said “It was clear to me after several of these conversations that he might have a keen interest in coming back to Middlebury I reached out to [then] President Ron Liebowitz who underscored a desire to have him return as both a trustee and a sponsor of academic initiatives.” Rohatyn began the first of his two terms as a Middlebury trustee in 1969 and served through 1981 His first year on the board followed an era of rapid growth for the institution—in enrollment and physical plant—but it soon met with difficulties tensions around the Vietnam War and racial injustice and debates on the role of tenure commanded the board’s attention Rohatyn served a second term from 2005 to 2008 Middlebury received a generous gift from Felix and Elizabeth Rohatyn which established an endowment for the College’s Center for International Affairs since known as the Rohatyn Center for Global Affairs and provides funding for campus visits by international leaders “Felix really was about bringing the world to Middlebury and Middlebury to the world,” said Allison Stanger Leng ’60 Professor of International Politics and Economics and founding director of the Rohatyn Center “His support and advice were instrumental in Middlebury’s broadening and deepening development as an institution with a global network and perspective.” Rohatyn distilled the Center’s purpose in five questions: What is the fundamental nature of the modern world What steps are necessary to make those changes Rohatyn periodically cotaught with Stanger “He welcomed intellectual exchange and knew how to agree to disagree Classroom conversations with him were always memorable,” she said “He cared deeply about Middlebury and its students I set up a team of interns who did the research for his first book He was enormously impressed that Middlebury undergraduates could excel at work typically reserved for graduate students The research team leader was an international student Felix fully funded her first visit to New York City “He was one of a kind—a real statesman of the sort one doesn’t see so often today.” Rohatyn called it “an enormous privilege” to be back at Middlebury “Middlebury means more to me than just an institution where I came to learn,” he said “After leaving Nazi-occupied Europe and journeying to the United States in 1942 via North Africa Middlebury thus was to me as much a refuge as an educational institution.” He said the College and specifically Physics Professor Benjamin Wissler taught him “the distinction between a fact and an assumption between reasoning and guessing.” Rohatyn would later help establish a professorship in Wissler’s honor he served as honorary co-chair of the Middlebury Initiative fundraising campaign which progressed even during a down economy “As we were preparing for the largest campaign ever for Middlebury Felix’s constant sage advice on the unstable economic environment was a guiding force through the uncertainties ahead,” she said “And Middlebury became stronger.” For a more in-depth look at Felix Rohatyn’s life, read the New York Times obituary Rajeev Kalra at The Rohatyn Group (provided) Rajeev Kalra was named partner at The Rohatyn Group and will lead the firm’s India-based team with a focus on sourcing executing and monitoring investments in the region which specializes in emerging markets and real assets welcomed Kalra’s roughly three decades of experience in the region He joined The Rohatyn Group (TRG) following the acquisition of Citi Venture Capital International in 2013 He started his private equity career in 1996 at HSBC Private Equity TRG’s CEO Nicolas Rohatyn said that Kalra’s "unrelenting pursuit of realizations" of some of the firm’s most complex investments has established the team as a force in India and a global leader in GP replacements he believes there is much opportunity in secondaries “I am thrilled by the prospect of building a larger business for TRG in India which is poised to become the third largest economy in the world over the next decade The opportunity set is vast and attractive in areas spanning energy financial services or consumer goods and services,” said Mr “India’s renewables sector is particularly interesting because of both demand for power and the conversion of existing energy generation sources.” Kalra is a nominee director on the board of several portfolio companies in India including Leap Green Energy (a leading renewable power generating business) Nandi Economic Corridor Enterprises (an integrated toll road and real estate development business) DB Power (a thermal power generating business) and Soma Tollways (a toll road company) Kalra has served as a nominee director on the boards of several other portfolio companies that have been successfully exited by TRG “In addition to deployment of flexible primary capital TRG’s India team continues to pursue GP replacements and secondary opportunities in India as successfully demonstrated in the last few years by the integration of and exits from two infrastructure focused portfolios acquired by TRG in India,” said TRG Partner and Head of Private Markets Miguel Gutierrez “Alongside our pending acquisition of the business of Ethos Private Equity Rajeev’s promotion underscores the firm’s commitment to emerging markets and aim to deliver a larger array of investment solutions.” TRG entered into a definitive agreement to acquire the business of Ethos Private Equity an alternative asset management firm in Africa; the deal is expected to increase the firm's AUM to 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Memorial Horse Race Sunday afternoon at the TS&M Woodlawn Golf Course Rohatyn defeated Jace Carlisle on the final hole to win the annual event for the sixth time tying the late Parnell Pidhorny for the most victories in the horse race Hundreds of people gathered to watch the competition which is a beloved component of the annual FrameTech Classic at Woodlawn.  The horse race began Sunday afternoon and continued well into the evening it features the 12 golfers who are part of the men's championship flight in Woodlawn's FrameTech Classic Joining Rohatyn and Carlisle were Drew Kocur The two golfers with the highest scores on each of the first two holes were eliminated Then the player with the highest score on each of the next seven holes was also knocked out It's the largest spectator event at Woodlawn each year The Horse Race is held annually in memory of Price He was an avid golfer and a big supporter of the horse race and the classic women's and senior men's divisions will be crowned The Mercury and SaskToday will have comprehensive coverage of the tournament once it is completed It is with profound sadness that the families of Cheryl (Rohatyn) Morine announce her sudden passing due to cancer on April 3 She is lovingly remembered by her partner Glenn Collins of 27 years Melvin (Collen Kerr) Rohatyn and Russell Rohatyn; sister Donna (Terry) Gilroy; brothers-in-law and Michael (Marlys) Collins; sisters-in-law and Patsy (Glenn) Moss; as well as numerous nieces and nephews She was predeceased by her parents; Lorraine and Steve Rohatyn; husband and graduated from Estevan Comprehensive High School in 1972 Lloyd Barber at the University of Regina and the Estevan Courthouse Cheryl and Glenn enjoyed camping with their dog Juno Cheryl was also active in the golf and curling leagues Cheryl’s spirit will forever live on in the hearts of those who knew and loved her A special thank you to the physicians and nursing staff at 4 West Rohatyn’s death at his home in Manhattan on Saturday was reported by the New York Times, citing his son Nicolas. No cause of death was given. As managing director of Lazard Freres & Co., now Lazard Ltd., Rohatyn earned the not entirely flattering nickname “Felix the Fixer” for his deal-making during the mergers-and-acquisitions boom that began in the 1960s. He exerted similar influence in government finance starting in the 1970s. “Felix may have come as close as any man -- certainly any Jewish man -- in the past century to replicating, in his own, less ostentatious way, the extraordinary financial, political and social influence that J.P. Morgan had wielded in the previous one,” William Cohan wrote in his 2007 book, “The Last Tycoons: The Secret History of Lazard Freres & Co.” Rohatyn landed his most public post in 1975, when New York City’s finances reached a crisis point. The city had accumulated short-term debt of about $6 billion, was running budget deficits in excess of $1.5 billion and found itself effectively locked out of credit markets where it could sell new bonds and notes. New York Gov. Hugh Carey and state lawmakers created the Municipal Assistance Corp., empowered it to issue bonds on the city’s behalf and gave it control over the city’s sales-tax revenue to repay lenders. Rohatyn, who advised Carey during negotiations over the panel’s creation, became chairman of the nine-member board in September 1975. Nine months later, Carey also named him to the state’s Emergency Financial Control Board, increasing his power over the city’s budget. The panels guided the city back to fiscal health. The threat of bankruptcy receded in 1978 when the federal government approved $1.65 billion in loan guarantees for New York. Carey’s successor as governor, Mario Cuomo, later said of Rohatyn’s role: “It would be difficult to exaggerate it. He literally saved the city from bankruptcy.” Not everybody celebrated Rohatyn’s broad influence. His uneasy relationship with Ed Koch, New York’s mayor from 1978 through 1989, flared into acrimony when Rohatyn, shortly after Koch left office, criticized him for the generosity of city labor contracts. Firing back, Koch accused Rohatyn of stockpiling those billions in city tax revenue by intentionally underestimating interest accruing on money held by the corporation. Felix George Rohatyn was born May 29, 1928, in Vienna, an only child. His mother, the former Edith Knoll, a pianist, came from a family of wealthy Viennese merchants. His father, Alexander, worked in breweries owned by his own father, who ran a bank. With anti-Semitism on the rise in Europe in the 1930s, Rohatyn’s parents moved their family to Romania, then to France. After they divorced, Rohatyn, at 8, was sent to a French-speaking boarding school in Switzerland. By the time he rejoined his mother in Paris, she had a new husband, Henry Plessner, whose precious-metals company did business with Lazard Freres et Cie. With German troops approaching Paris, Rohatyn and his mother fled south to Biarritz; Plessner, a Polish citizen, escaped from an internment camp and met them there. The family spent a year in Cannes before securing, from the Brazilian government, the visas they needed to leave France. Decades later, Rohatyn would learn from the International Raoul Wallenberg Foundation that Luiz Martins de Souza Dantas, Brazil’s wartime ambassador to France, had provided the visas as part of his secret effort to save Jews. After yet more stops -- in Algeria, Morocco, Portugal, Brazil -- the family reached New York City in June 1942. The two-year odyssey, Cohan wrote, made Rohatyn “preternaturally pessimistic about the outcome of events, extremely conservative financially and far less prone to excessive ostentation than most of his extremely wealthy investment banking peers.” In New York, Rohatyn attended the McBurney School and graduated in just two years while mastering English. He enrolled at Middlebury College in Vermont, intending to pursue a career in physics or engineering. Upon his graduation in 1949, he got a summer job at Lazard Freres in New York through his stepfather. He worked his way up, interrupted by a two-year stint in the U.S. Army, and became a partner in 1961. He was a protege of managing partner Andre Meyer, an innovator in the growing field of mergers and acquisitions. Rohatyn helped Meyer buy, improve and then sell Avis Inc. to International Telephone & Telegraph Corp. for a hefty profit. That deal “led directly to the creation of the M&A advisory business and Lazard’s domination of it,” Cohan wrote. Much of Lazard’s early acquisitions work was in support of ITT’s buying spree under then-Chairman Harold Geneen, the executive widely credited with creating the multinational conglomerate. ITT’s 1968 announcement that it would buy Hartford Fire Insurance Co. for $1.5 billion led to 13 years of litigation and investigations by the Securities and Exchange Commission, the Justice Department and the Internal Revenue Service into the sale of stock as part of the transaction. According to Cohan’s book, federal prosecutors convened a grand jury to consider whether Rohatyn -- an ITT director as well as its point person at Lazard -- had committed any crime in the case. No charges were filed, and Rohatyn told Cohan that he had “absolutely no recollection” of a criminal investigation. The case also raised questions about whether President Nixon’s administration had undercut an antitrust investigation of ITT in exchange for a $400,000 corporate contribution to the 1972 Republican National Convention. Rohatyn had met with then-Deputy Atty. Gen. Richard Kleindienst to try to head off the antitrust probe. When the Senate Judiciary Committee held hearings to weigh whether the case should affect Kleindienst’s nomination as attorney general, Rohatyn was by his side. Kleindienst testified that the Nixon White House had stayed out of the antitrust matter. He was confirmed and served a year as attorney general, then pleaded guilty to a misdemeanor charge of perjury when records established that the Nixon administration -- and even Nixon personally -- had in fact intervened on ITT’s behalf. The affair tarnished Rohatyn’s name. The Washington Post’s Nicholas von Hoffman gave him the pejorative label “Felix the Fixer.” Bad publicity didn’t stop his rise, though. In 1970, the New York Stock Exchange named him to head a committee charged with stanching a run of brokerage failures caused by back offices being overwhelmed by surging trading volume. The “Crisis Committee” pulled Wall Street out of trouble. Carey’s call to help save New York City came in 1975. Rohatyn earned no salary for his city service and continued to steer deals at Lazard, including R.J. Reynolds Tobacco Co.’s $4.9-billion acquisition of Nabisco Inc. in 1985, the $15.7-billion merger of Time Inc. and Warner Bros. in 1990, and Viacom Inc.’s takeover of Paramount Communications in 1994 for $9.6 billion. He also remained an important voice on Wall Street, even if his advice wasn’t always followed. In a 1992 article, he warned that derivatives -- the complex financial instruments that would play a central role in the global credit crisis of 2007 -- were “financial hydrogen bombs” created by “26-year-olds with computers.” His 2009 book urged the creation of a National Infrastructure Bank to direct federal funds to roads, bridges and schools in greatest need of money. Long seen as a candidate to lead Lazard, Rohatyn declined the chance in the late 1970s. Toward the end of his long tenure he battled publicly with Steven Rattner, a one-time protege who seemed to be on the path to chairman. Rattner left Lazard in 2000 to start a private-equity firm. Rohatyn’s financial support of the Democratic Party was almost rewarded in 1996 when President Clinton floated his name as vice chairman of the Federal Reserve. In the face of opposition by Republican senators, Rohatyn withdrew from consideration. Clinton then named Rohatyn as U.S. ambassador to France, a post he held from 1997 through 2000. In April 2001, he founded Rohatyn Associates LLC in New York to provide financial advice to corporations. In 2006, he joined Lehman Brothers Holdings Inc. as an adviser to Chief Executive Richard Fuld, an affiliation that ended when the firm declared bankruptcy two years later. Among other roles, Rohatyn was a member of the Council on Foreign Relations, vice chairman of Carnegie Hall and a commander in the French Legion of Honor. In 2002, Middlebury College put his name on its Center for International Affairs. Rohatyn had three sons -- Pierre, Nicolas and Michael -- with his first wife, Jeannette Streit, who died in 2012. The marriage ended in divorce in 1979. That year he married the former Elizabeth Fly Vagliano, who served as president of the New York Public Library and founded a nonprofit group, Teaching Matters Inc., that trains public-school teachers. She died in October 2016. Television Sports Entertainment & Arts Obituaries Sports Entertainment & Arts World & Nation Music Subscribe for unlimited accessSite Map Culture as storm clouds roll in over the Rocky Mountains I make my way up the stone path of Jeanne Greenberg Rohatyn’s vacation home I’ve come for dinner with close friends and family Greenberg Rohatyn moves effortlessly among her guests proffering drinks and passing hors d’oeuvres Her laugh occasionally rings out as she chats with friends and hugs new arrivals Louis Arts+Culture newsletter to discover must-attend art exhibits Greenberg Rohatyn is a respected art dealer With her finger ever on the pulse of what is relevant and exciting she was a judge on Bravo TV’s Work of Art: The Next Great Artist She’s launched the careers of myriad artists A blue painting titled The Legend from Richard Prince’s Tiffany series plays off alphabet-inspired works by contemporary artist Aida Ruilova created by Dutch industrial designer Hella Jongerius appears to be steadily making its way across the room Everything interacts with the views outside echoing Greenberg Rohatyn’s belief that objects should play off of each other while enhancing one’s living experience Jeanne’s tastes were dramatically shaped by the world around her she would note the elaborate themes in some rooms “from trophy rooms adorned with exotic taxidermy and home dioramas to red-lacquered ‘Chinese’ dining rooms.” a Betty Woodman pillow pitcher sat atop a Giacometti table she would cradle this vessel and carry it into the pantry where we would fill it with wildflowers,” she recalls “This form never behaved as a mere vase; it stood clearly in our home as an object of ceremony The act of filling it became a ritual.” adorned their home with art and frequently hosted artists Jeanne and her siblings would often visit art museums and galleries where her parents would lead them on scavenger hunts “We would show them a picture or an object and see if they could find it,” her mother children’s-book author Jan Greenberg “Jeanne was always fascinated by art Jeanne would travel with her father to the Art Basel fair in Switzerland as well as other art-filled parts of Europe that she’d eventually follow in her father’s footsteps “I knew that I wanted to be in the business,” she says “and knew that I was almost incapable of anything else.” after studying art at Vassar College and New York University’s Institute of Fine Arts She opened the art gallery in her town house on Manhattan’s Upper East Side with the first floor consisting of an exhibition space and the second floor serving as both a gallery and living quarters She chose the location—which remains her primary base of operation—to be near her children Greenberg Rohatyn frequently mentions family Evidence of her children’s interests is scattered throughout the home: Coco’s pink-dyed cowboy hat for an upcoming skating competition Alexander’s books on the dining-room table It’s there that Greenberg Rohatyn recounts how she met David Hammons the celebrated and reclusive artist who grew up in Springfield while working on a survey for a show at London’s Royal Academy of Arts with then-director Sir Norman Rosenthal Greenberg Rohatyn noticed the survey was sorely lacking in women and African-American artists whose unconventional work often revolves around civil rights After attempting to reach him by phone with no success Greenberg Rohatyn visited his home in New York’s Harlem neighborhood and rang the doorbell she purchased a bouquet of flowers and left them on the doorstep She tried this approach several more times “You’ve been leaving them at the wrong door,” he said No one laughs harder at this story than Greenberg Rohatyn who’s since developed a long-standing connection with the artist She has a knack for forming a strong rapport with artists—perhaps because of the same fresh approach that won over Hammons Greenberg Rohatyn has worked with a range of artists both established and emerging: Nate Lowman Along with Greenberg Rohatyn’s original gallery Salon 94 now has two more locations: Salon 94 Freemans and Salon 94 Bowery both located on New York’s Lower East Side They showcase work from artists whom Greenberg Rohatyn represents as well as a carefully curated selection of works reflecting her connection to the world—and to pop culture The first time Greenberg Rohatyn met baseball player Alex Rodriguez He came in to see a collection of Richard Prince Joke paintings but another artist’s work grabbed his attention instead was a small Nate Lowman smiley-face piece,” she says referring to the work of the 35-year-old painter and sculptor “The same kind of practice he put into his work as an athlete he wanted to see in the artists of his generation.” when Rodriguez opened his home to a select group of collectors during the 2011 Art Basel show in Miami Beach Greenberg Rohatyn installed a series of Lowman’s smiling paintings—enough to fill an entire batting cage reflected the sight Rodriguez has often seen while on the field at Yankee Stadium Greenberg Rohatyn collaborated with another notable client: Jay Z and the video for his single “Picasso Baby,” the rapper hoped to create an art-inspired event similar to performance artist Marina Abramovic a crowd formed at Pace Gallery in New York’s Chelsea neighborhood to see Jay Z repeatedly rap the lyrics to “Picasso Baby” over the course of six hours He rapped to a variety of guests: actress Rosie Perez other musicians—even Abramovic herself Greenberg Rohatyn who subtly and with little fanfare acted as a guiding force.” Greenberg Rohatyn is dressed in flowing cream chiffon pants and a T-shirt A black ’70s-style tracksuit jacket emblazoned with “Salon 94” is draped around her shoulders “I found this at a boutique in town,” she says “You could have anything sewn on the back and they had a whole bunch of different patches you could add to it.” Hers is a four-leaf clover One can’t speak about Greenberg Rohatyn and not mention fashion It’s not something studied with her; it comes naturally “I like established designers like Saint Laurent which appeals to my idea of a woman being in a uniform every day—classic which appeals to my bohemian side.” This is also an apt description of Greenberg Rohatyn’s personality: serious Such labels don’t bother Greenberg Rohatyn “But I am an art brat!” she laughs “I am the daughter of two parents who were involved in art whose entire investigation was ‘How do we look at an object?’” Greenberg Rohatyn is proud of the women she surrounds herself with: fashion designers and art-world impresarios “The women of my generation who were coined socialites are all hardworking and doing amazing things running billion-dollar companies and on boards of major hospitals and museums,” she says “I am immensely proud of them and proud to be included amongst them “What else did you read?” and breaks into laughter as the cicadas’ song swells and guests make their way out the door The family talks about an upcoming whitewater adventure and a camping trip with her sleepy daughter Coco leaning against her side The sight reminds me of something she said earlier “It’s probably because I’m from the Midwest.” Start your mornings with a fresh take on the day’s top local news from Sarah Fenske and Ryan Krull Our award-winning content brings readers revealing profiles Start your mornings with a fresh take on the day’s top local news US military veteran and ambassador to France — died this week at 91 escaping Austria and then France as a child and rising to the top of New York’s financial world Hugh Carey tapped him to save New York City from municipal bankruptcy He ably did that — in large part through financial innovation the city began borrowing to paper over gaps between day-to-day revenues (taxes) and spending New York projected a billion-dollar “cash-flow interruption” against $5 billion in annual tax revenues because the city’s banks were nervous about lending money to an insolvent city and were about to cut off the cash The city didn’t need money just to fund its current-year deficit; it needed it to refinance the $3 bill­ion in short-term debt it had already incurred it would default — representing the biggest bankruptcy ever in the world of municipal finance New York state and the federal government stepped in The feds guaranteed state-issued bonds to save the city the state appointed a panel of wise men (and one woman) to oversee the city’s spending The city embarked on a firm path of fiscal responsibility New York was saved through fiscal discipline and the city’s top financiers and businessmen engineered that rescue after the political class had failed New York never cut back its spending on a sustained basis and those cuts contributed to an atmosphere of decline Rohatyn realized the error and sought to avoid more layoffs Carey appointed Rohatyn to head a new entity called the Municipal Assistance Corporation Lawmakers allowed MAC to raise billions from bond investors by automatically diverting city sales taxes to the state MAC would use this sales-tax revenue to pay the interest on its debt would lose control over a big portion of its own tax revenues (and investors considered MAC bonds safer than the city’s general-obligation bonds still paid out of general tax revenues the city might squander and new residents and tax revenues poured in tax collections totaled $5 billion; by 1985 New York City invested in better infrastructure and began to reverse the cuts in public services that had plagued the ’70s and early ’80s The city began using its tax dollars more wisely Today’s record revenues — $59 billion in major tax revenues in 2018 — are more than twice the 1975 total MAC-style structured finance — and the city’s fantastic wealth — keep this carousel going And what of that short-term debt New York borrowed — its MAC debt the Sales Tax Asset Receivable Corporation borrowed $2.5 billion to refinance its remaining 1970s-bailout debt and New York still owes money that it borrowed in the early 1970s The long grace period that Felix Rohatyn helped create for New York may not last forever This piece originally appeared at the New York Post Nicole Gelinas is a senior fellow at the Manhattan Institute and contributing editor at City Journal. This piece was adapted from City Journal. Follow her on Twitter here This piece originally appeared in New York Post Copyright © 2025 Manhattan Institute for Policy Research Agricultural investments should be end-to-end and long term Ian Jolly and Mike Claridge of The Rohatyn Group A verification email is on its way to you. Please check your spam or junk folder just in case. Not for publication, email or dissemination Less than two years after joining forces to compete with New York’s mega-galleries amid a Covid-19 slump in the market LGDR will split after co-founder Jeanne Greenberg Rohatyn announced she will leave the consortium to reopen her previous gallery Greenberg Rohatyn will resume operations at Salon 94 the gallery she founded in 2003 and closed in 2021 in order to join LGDR she said she will focus on putting on exhibitions at the gallery's townhouse on East 89th Street “I am very excited to start fresh,” Greenberg Rohatyn told Artnet News “I really wanted to continue the kind of work I’ve always done … all this is much harder to do when you have four people and you don’t have enough months in the year to do all the projects I am interested in doing.” will continue operating together under the new name Lévy Gorvy Dayan but later participated in Tefaf in New York and Art Basel in Basel LGDR also suffered the loss of key artists brought on by Greenberg Rohatyn from Salon 94 who was poached by Gagosian earlier this year “This was a brave experiment,” Greenberg Rohatyn told Artnet News “It was a post-Covid moment of trying something new in the art world It was embraced by the collector community Salon 94 will kick off exhibitions in October with a solo exhibition of new work by American sculptor Karon Davis. LGDR will stage a show of late French painter Pierre Soulages’s work in September. will launch in January as a hybrid advisory/gallery and will abandon costly US fairs in favour of only doing events in Asia blog28 October 2024New York's Salon 94 is feeling the TikTok visitor effectA content creator's positive post has led to a massive uptick in the gallery's footfall It’s this bold mash-up of genres, cultures, and mediums that has solidified Rohatyn, the legendary gallerist behind New York’s Salon 94 as one of the art world’s most inspiring forces “I look for an artistic vision and a singular voice,” she says of her roster which ranges from celebrated artists Marilyn Minter and Laurie Simmons to rising young talent Ruby Neri “It doesn’t matter to me what the medium is; I don’t see hierarchies.” Art runs in the family. Raised in St. Louis, Rohatyn grew up in a home filled with works by the likes of Donald Judd and Andy Warhol After cutting her teeth at her father’s namesake gallery she launched Salon 94 in 2002 on the ground floor of an East 94th Street townhouse live upstairs with their three children.) Later she set up two additional spaces on the Lower East Side: Salon 94 Bowery and Salon 94 Freemans Recommended: Melike Kara’s Striking Canvases Go On View at Salon 94 Rohatyn teamed up with Paul Johnson of New York’s Johnson Trading Gallery to launch Salon 94 Design Now she’s moving her headquarters into a marvelous landmark originally designed by Ogden Codman Jr is expected to include room for exhibitions Rohatyn gives insight into the artwork that captures her attention and the personal items she treasures most The first piece of art I acquired was David Hammons’s Rock Head It’s essentially a rock that he found and took back to his studio and cleaned before covering it in hair and giving it this Spiral Jetty haircut To me it was this perfect object that crossed both art history—it looks like a Constantin Brancusi or an archaeological find—and popular culture I recently discovered the exciting work of ceramic artist Magdalene Odundo who lives in Surrey and was born in Nairobi I felt that she had elevated the craft to the next level The most personal gift I ever received was a story written for me by the author A illustrated with photographs by Laurie Simmons My go-to outfit for an art fair is usually a jumpsuit and an Yves Saint Laurent blazer I love wearing pieces by the designer Duro Olowu who brilliantly mixes prints from different countries and eras—a high-end French 1930s pattern with a vintage Nigerian cloth that he has updated I like wearing rings by Karl Fritsch I love to juxtapose his raw diamonds with my polished cut-diamond wedding ring You can see his fingerprints in the gold and feel his presence too The last meal that truly impressed me was at The Ranch Every time I sat down there was an element of both pleasure and surprise—and it was good for you My favorite piece of furniture right now is a 1984 Gaetano Pesce Pratt chair blending different colors in resin using cutting-edge technology Each one has a wonderful story too that symbolizes his life as an artist If I could have any artwork it would probably be Picasso’s Les Demoiselles d’Avignon or the Rose Period acrobats I’ve been thinking a lot about Picasso recently There are also paintings in museums that I always revisit I’d like to take my kids to see the Isenheim altarpiece painted by Grünewald in Alsace A version of this article first appeared in print in our 2019 Late Fall Issue under the headline “Dealer’s Choice.” Subscribe to the magazine The Rohatyn Global Scholars Program graduated its inaugural cohort on May 10 Scholars received a certificate of completion during an afternoon lunch program ceremony In March 2022, the Scholars watched the screening of Earth, Water, Woman followed by a fascinating discussion with Akilah and Kemba Jaramogi. The documentary film is accessible at Good Docs. was featured in the local news about the college stripping an alumn’s name from a building View the story here The Middlebury Campus article explores the Rohatyn Global Scholars Program and how it “aims to connect first years to a global perspective.” View the article here. an independent investment firm focused on emerging markets has announced that Gustavo Eiben has joined TRG as a Managing Director Eiben will be responsible for business development in the Americas while bringing his deep marketing expertise to TRG’s private markets business “We are very pleased to have someone of Gustavo’s caliber joining TRG His track record of successful capital raising strong network of relationships around the world and extensive experience marketing private equity products and funds makes him a valuable addition to the TRG team as we grow our business.” Chief Executive Officer and Chief Investment Officer of TRG TRG has approximately $6 billion in private markets assets under management in addition to more than $1 billion in liquid market strategies TRG recently acquired Citi Venture Capital International (“CVCI”) the Emerging Market private equity investment unit formerly owned by Citigroup Inc. which expanded and enhanced the firm’s emerging markets investment capabilities and global reach TRG also has a 60% ownership stake in Capital Advisors Partners Asia Pte a Singapore-based mid-market infrastructure asset management company focused exclusively on non-BRIC emerging Asia markets and a 50% ownership interest in ARCH Capital Management Company Limited (“ARCH”) a Hong Kong-based asset management company that invests in residential retail and mixed use real estate projects with a focus on Greater China Eiben was the head of North America investor relations for Aureos Capital (now Abraaj Capital) He brings vast experience in the private equity asset class including direct experience in raising and investing capital in third-party private equity funds having done so for the Alternative Investments Group at J.P he was responsible for fundraising and business development at Schroeder Ventures US He also previously served as a member of the UBS private equity placement group Eiben began his career in 1999 with the Mergers and Acquisitions group at PricewaterhouseCoopers He received an MBA degree from Thunderbird Opinion Juliana Cloutier, an expert in investment and citizenship solutions abroad from the firm Alta Invest Frederick Bates Arturo Hanono Contributors About us Agenda Style News Magazines Contact and Help Essential digital access to quality FT journalism on any device Complete digital access to quality FT journalism with expert analysis from industry leaders Complete digital access to quality analysis and expert insights complemented with our award-winning Weekend Print edition Terms & Conditions apply Discover all the plans currently available in your country See why over a million readers pay to read the Financial Times In the Spring of 2023, five Rohatyn Global Scholars from Middlebury College traveled to Brazil as part of an exchange program organized with the Universidade Federal Fluminense (UFF). Students explored themes of climate change, education, race, social and economic inequalities, sustainability, and conservation through experiential learning and community engagement. The five-day exchange, which brought Middlebury students to Niterói, included visits to several partner organizations and institutions. Middlebury students attended a webinar called Global Inequalities, Conflicts and Solutions. They learned about the main environmental issues in Brazil and issues of education, inequality and diversity at UFF. Finally, they visited the UFF Water Resources and Environmental Engineering Department to learn about sustainable technology projects. Middlebury students were paired with peers from UFF for a walk at Serra da Tiririca State Park, they learned about an eco-barrier responsible for collecting and removing hundred of quilos of waste monthly from the João Mendes River, in Niterói and ended the day enjoying Itaipu Beach. They gained an understanding of the dynamics of local activism to protect the environment and to fight against the impacts of sewage and river pollution. Students attended a workshop on environmental monitoring using low-cost measurement instruments created by UFF. On a visit to the Serra dos Órgãos National Park, they carried out environmental measurements inside the park, were introduced the Atlantic Forest biome, and learned how the park and the city of Teresópolis are tied to Brazil colonial history.  Students learned about circular economy models, immigration, and Latin American women’s refugee movements through a visit to an NGO. Mulheres do Sul Global is an organization dedicated to the economic empowerment of refugee women. UFF students learned about issues in Middlebury and the U.S. and conflict transformation efforts through the following activities: Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world The purchase will help the New York-based company create a firm with close to $8 billion of assets under management, Stuart MacKenzie, chief executive officer at Ethos, said in an interview. Brait Plc backed by South African tycoon Christo Wiese in 2019 hired Ethos to manage its portfolio including UK apparel chain New Look and Virgin Active gyms MacKenzie didn’t disclose financial details of the acquisition one of New York’s most notable art gallerists and advisers Marilyn just went live on Instagram with that T-shirt joke,” she proclaims Never missing an opportunity to integrate art politics and design is a principle that shapes her signature style a previously undervalued but now important and iconic artist whose career Greenberg Rohatyn is credited with reviving this tastemaker in art and design would likely agree that everything she touches turns to cool Be it curating the art collection for Jay-Z’s Roc Nation headquarters staging an immersive recreation of Gaetano Pesce’s studio art-filled and artful point of view punctuates all the elements “EU-22 Earth Birth” by Judy Chicago (1983) and a 2014 head from David Hammons’s The New Black series  Behind the hefty wrought-iron door of her Upper East Side townhouse, Greenberg Rohatyn – whose gallery, Salon 94, was named one of the top 10 booths at Frieze LA art fair in February – greets us make-up-free and wearing Loewe’s ankle-grazing knitted housedress and Birkenstocks shared brunch with her family and had on-site meetings at her new gallery building on East 89th Street across from the Guggenheim The double-width townhouse that she and her financier husband share with their three children – now 20 17 and 15 – originally housed an adoption agency They stripped the space to the bones and meticulously redesigned every square foot with architect Rafael Viñoly in order to meet the needs of their family and Greenberg Rohatyn’s original Salon 94 gallery A dramatic burled-walnut-veneer staircase is the solid yet sensual centre of the house winding its way from the foyer to the family room on the top floor The walnut staircase at the centre of the townhouse Read more: 9 Interior Design Trends To Note For The Year Ahead Peter brought with him a girlfriend (or two) who would float around her house mostly naked and so she asked him if he thought this was appropriate Beard’s reply to the teenager was to think of them as “moving sculptures” there’s certainly serious chauvinism to unpack here,” Jeanne says with intent I started to imagine these half-naked nymphs as performance artists Other than giving my teenage sisters and me permission to stare his outrageous statement allowed me to think about the male gaze versus a female one “Untitled (Basketball Chandelier)” from 2002 This combination of cerebral and playful vision manifests throughout the house as evidenced by the David Hammons Basketball Chandelier hanging nearly 10ft high on the second-floor landing The only piece of art that remains from her original installation 17 years ago “It is perhaps the most important work in the house and it is functional as the light source in the hallway,” she muses Form and function collide fearlessly in the expansive living room where most of the furniture is the direct result of working with artists in the growing design arm of her business “I move work in and out as visual experiment,” she explains of her interior design I place it in the living room to see how it reacts to the other works there – every artwork has its own energy.” In just one corner a Dan Colen chewing-gum painting and a Judy Chicago “Earth Birth” fabric piece currently coexist “How We See/Ajak (Green)” by Laurie Simmons hangs behind a vase by Magdalene Odundo and variations of the X-Chair by Tom Sachs and her melange of guests is expectedly eclectic “There are small pleasures in holding a hand-painted Hella Jongerius Nymphenburg plate or the soft yet grainy touch of a Takuro Kuwata porcelain cup Any guest will get some kind of pleasurable thing to look at or hold.” When time permits Jeanne will take an early morning trip to the flower market and see what inspires her She finds flower arranging – sometimes quirky and other times minimal – therapeutic and her mum is convinced she was a florist in a past life While Greenberg Rohatyn has a knack of making everything look effortless she decided that a pair of smaller round tables (rather than the traditional larger one) would invite more free-flowing and lively conversation The tables take inspiration from Maria Pergay and the 1940s chairs were once in a sheikh’s orchestra room she dipped the original copper tubing in chrome A pair of regal “ever romantic” portraits by Turner Prize-winning artist Chris Ofili liven up the space Family and friends also often congregate for meals in the built-in seating nook in the kitchen where prototypes of Tom Sachs’s Shop Chair – on which Salon 94 Design collaborated with the artist – are table-side One panel of Chris Ofili’s elephant-dung diptych “X & Y = O” (2000) Pae White’s chandelier piece “Prodigal Sun and the Other Brother” (2004) is suspended above Hella Jongerius’s “Frog Table” (2009) Forging ahead with her new gallery space, Jeanne promises that a pilgrimage to view an exhibition or work of art will be even more rewarding once we re-enter life out of quarantine. “We intend to make it an enchanted one,” she envisions. “Possibly with a matcha in a Takuro cup in hand.” Subscribe to VCCircle PRO and get privileged access to exclusive curated articles! Follow VCCircle on Google News for the latest updates on Business and Startup News his unrelenting pursuit of realizations on some of our most complex investments has served to establish TRG as a force in India and a global leader in GP replacements,” said Nicolas Rohatyn The Rohatyn Group’s Chief Executive Officer and founder Kalra has over 26 years of private equity experience and 30 years of total experience in financial services He started his private equity career in 1996 with HSBC Private Equity— subsequently Headland Capital Partners— and led their India team from 2002 to 2007 working on mid-market growth capital transactions across sectors “Looking ahead we see enormous opportunity under Rajeev’s leadership In addition to deployment of flexible primary capital Kalra has broad experience across consumer Currently he is a nominee director on the Board of several portfolio companies in India “India’s renewables sector is particularly interesting because of both demand for power and the conversion of existing energy generation sources I am grateful for this opportunity and for the firm’s support of our team.” © Copyright 2012 - 2023 | citybiz | All Rights Reserved