Early Life and Education
Michael Patterson's career began with a foundation built on rigorous education and service. He holds an AB in Applied Mathematics from Harvard College and an MBA from Stanford University's Graduate School of Business, where he was an Arjay Miller Scholar. Before entering the financial sector, Patterson served as an officer in the United States Navy, instilling in him the values of leadership and discipline that would later shape his career.
Rise to Success
Patterson's rise in the financial world is marked by significant achievements in private equity and alternative credit management. His career includes key roles at Goldman Sachs, where he focused on private equity and mezzanine transactions, and Silver Point Capital. He is most recognized as a founding partner and Co-President of HPS Investment Partners, a leading alternative credit manager. He oversees HPS's specialty lending, corporate lending, and core senior lending funds. In late 2024, BlackRock announced its acquisition of HPS, a testament to Patterson's contributions to the firm.
Key Business Strategies
Patterson's business strategy is centered on specialized lending and private credit opportunities. His expertise in this area has been instrumental in the growth of HPS Investment Partners. His leadership in establishing HPS's European business and subsequently leading the firm's direct lending platform highlights his ability to identify and capitalize on financial market opportunities. His strategy involves a hands-on approach, overseeing portfolios and managing critical aspects of the company’s financial operations.
Philanthropy
While specific details on his philanthropic efforts are not readily available through the search results, his involvement in the Dean's Advisory Council for the Radcliffe Institute of Advanced Studies at Harvard indicates a commitment to education and societal advancement. His participation in such advisory roles highlights his dedication to contributing to educational institutions and supporting future generations.