The private equity world is littered with folks who are famous for doing something else. Bono at Elevation Partners. Bill Frist at Cressey & Co. Mike Richter at Environmental Capital Partners. Colin Powell at Kleiner Perkins.
In most cases, the celebrity partner is used to wow potential investors, make some high-powered introductions and be on call. Every now and then, however, the celebrity partner actually spends his days sourcing deals, serving on portfolio company boards or the myriad of other tasks endemic to the typical private equity pro.
Among this latter group is Steve Young, the Hall of Fame quarterback who currently serves as a managing director with Huntsman Gay Global Capital. Young previously worked at a firm called Sorenson Capital -- along with many of the other Huntsman Gay partners -- and also was a member of Northgate Capital (run by fellow NFL alum Tommy Vardell).
Below is a brief profile of Young's new career by CNBC's Brian Schachtman. Two quick disclaimers: (1) Patriots owner Bob Kraft is effusive in his praise of Young, but it also should be known that Huntsman Gay was one of the first tenants in Kraft's Patriot Place facility. (2) I also happened to be in the suite where Schactman filmed much of his segment (to meet with sources, of course, not to watch Pats vs. Jets)...
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