Goldman Partner Gordon to Lead RedBird’s U.S. West Coast Efforts
Goldman Partner Gordon to Lead RedBird’s U.S. West Coast Efforts
(Bloomberg) -- RedBird Capital Partners hired Goldman Sachs Group Inc. partner Andrew Gordon to run a new West Coast office.
Gordon, who is based in Los Angeles, said he is retiring from Goldman and will join RedBird in February. The New York-based investment firm was founded by another former Goldman partner, Gerry Cardinale.
“The idea of becoming a Goldman Sachs client versus a banker after more than 30 years is intriguing,” Gordon, 56, said in an interview. Any decisions he makes at RedBird, which has around three dozen employees, will have a larger impact on the firm’s direction than at Goldman where the workforce is about 40,000, a number that has risen 10-fold during his tenure, he said.
Gordon joined Goldman in 1986 and held roles including global chairman of investment-banking services and global co-head of media investment banking. He was one of 57 executives named partner in 1998.
“Andy has made significant contributions in shaping our strategy and building our leading investment-banking franchise,” Gregg Lemkau and Dan Dees, Goldman’s co-heads of investment banking, said in a memo.
Gordon has worked with RedBird on deals including the August initial public offering of RedBall Acquisition Corp., a special purpose acquisition company He also advised David Ellison’s Skydance Media on a capital raising this year and has worked with Walt Disney Co., AT&T Inc., Liberty Global Plc and the Los Angeles Rams football team. Gordon represented Oracle Corp.’s Larry Ellison, music mogul David Geffen and Oprah Winfrey in an unsuccessful bid for the Los Angeles Clippers basketball team.
Gordon, who is co-chairman emeritus of the Los Angeles County Museum of Art, co-owns two restaurants in Los Angeles with his husband: Nerano and BG. He’s also the founding chairman of the Sierra Canyon School, a private preparatory school in Los Angeles which counts LeBron James’ son among its athletes.
RedBird, which manages about $4 billion, is focused on making long-term investments in sports, technology, media, telecommunications, financial services or consumer-oriented companies. Its holdings include Toulouse Football Club, data center provider TierPoint and YES Network, the New York Yankees’ cable network.
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