This database was last updated in October 2019 and should only be used as a historical snapshot. There may be new information that is not included here.
Randy Quarles
Federal Reserve System (joined: Oct. 5, 2017)
Governor | Financial Disclosure »
Bio, via Federal Reserve System:
Randal K. Quarles took office as a member of the Board of Governors of the Federal Reserve System on October 13, 2017, to fill an unexpired term ending on January 31, 2018. He was sworn in as Vice Chairman for Supervision on October 13, 2017. His term as Vice Chairman for Supervision ends on October 13, 2021. Prior to his appointment to the Board, Mr. Quarles was founder and managing director of the Cynosure Group, a Utah-based investment firm. Before founding the Cynosure Group, Mr. Quarles was a partner at The Carlyle Group, a private equity firm based in Washington, DC. From September 2005 to November 2006, Mr. Quarles served as Under Secretary of the Treasury for Domestic Finance. Prior to serving as Under Secretary, from April 2002 to August 2005, Mr. Quarles was Assistant Secretary of the Treasury for International Affairs. During his tenure, Mr. Quarles served as policy chair of the Committee on Foreign Investment in the United States. Prior to joining the Department of the Treasury, Mr. Quarles served, from August 2001 to April 2002, as the U.S. Executive Director of the International Monetary Fund. From January 1991 to January 1993, he served in the Treasury Department as a Special Assistant to the Secretary of the Treasury for Banking Legislation and as Deputy Assistant Secretary of the Treasury for Financial Institutions. Prior to, and in between, his service at the Department of the Treasury, Mr. Quarles was a partner at Davis Polk & Wardwell, serving in their New York and London offices. Mr. Quarles was born in September 1957. He received an A.B. in philosophy and economics, summa cum laude, from Columbia in 1981 and earned a law degree from the Yale Law School in 1984. Mr. Quarles is married with three children.
Former Positions Outside Government
- Baltic American Freedom Foundation Member, Board of Directors (Uncompensate d)
- Center for Financial Stability Member, Board of Directors (Uncompensate d)
- Cynosure Advisors, LLC Managing Director and Chairman of the Board of Managers
- Cynosure Brand Group I, LLC Tax Matters Partner
- Cynosure Management, LLC Managing Director; Chairman of the Board of Managers
- Cynosure Savant Holdings I, LLC Tax Matters Partner
- Fenway Summer Ventures, LP Advisory Board Member (uncompensate d)
- Financial Industry Regulatory Authority Member, Board of Directors; Member, Executive Committee; Chairman, Management Compensation Committee
- Financial Services Volunteer Corps Member, Board of Directors (uncompensate d)
- U.S. Chamber of Commerce Member, Board of Directors (Uncompensate d)
Former Compensation Sources
- Cynosure Management, LLC Managing Director and Chairman of the Board of Managers of Cynosure Management; In addition, Cynosure Management is reimbursed from Cynosure Advisors for a portion of the compensation Cynosure Management pays me, in respect of my serving as Managing Director and Chairman of the Board of Managers of Cynosure Advisors.
- Financial Industry Regulatory Authority Member of Board of Directors; Member of Executive Committee; Chairman of Management Compensation Committee
Employment Assets
| Description | Value | Income |
|---|---|---|
| Bank Managed IRA Account | ||
| Lockheed Martin Common Stock | $1,001 - $15,000 | $201 - $1,000 |
| Cynosure Management, LLC (investment management) | $583,332 | |
| Financial Industry Regulatory Authority | $147,400 | |
| Home Depot Common Stock | $1,001 - $15,000 | $201 - $1,000 |
| General Dynamics Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Illinois Tool Works Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Du Pont E.I. de Nemours Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Microchip Technology Inc. Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Intel Corp. Common Stock | $1,001 - $15,000 | $201 - $1,000 |
| Johnson & Johnson Common Stock | $1,001 - $15,000 | $201 - $1,000 |
| US Bancorp Common Stock | $1,001 - $15,000 | None (or less than $201) |
| JP Morgan Chase & Co Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Microsoft Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Dominion Energy Common Stock | $1,001 - $15,000 | $201 - $1,000 |
| Welltower Inc. Common Stock | $1,001 - $15,000 | $201 - $1,000 |
| United Parcel Service - B | $1,001 - $15,000 | $201 - $1,000 |
| Procter & Gamble Common Stock | $1,001 - $15,000 | $201 - $1,000 |
| General Electric Common Stock | $1,001 - $15,000 | $201 - $1,000 |
| The Southern Company | $1,001 - $15,000 | $201 - $1,000 |
| IBM Common Stock | $1,001 - $15,000 | $201 - $1,000 |
| Kimberly-Clark Corp. Common Stock | $1,001 - $15,000 | $201 - $1,000 |
| AT&T Common Stock | $1,001 - $15,000 | $201 - $1,000 |
| Netera Energy Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Dover Corp. Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Pfizer Common Stock | $1,001 - $15,000 | $201 - $1,000 |
| Abbvie Inc. Common Stock | $1,001 - $15,000 | $201 - $1,000 |
| McDonald's Common Stock | $1,001 - $15,000 | None (or less than $201) |
| People's United Financial Common Stock | $1,001 - $15,000 | $201 - $1,000 |
| Hasbro Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Verizon Common Stock | $1,001 - $15,000 | $201 - $1,000 |
| Cisco Systems Common Stock | $1,001 - $15,000 | $201 - $1,000 |
| Pepsico Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Walgreens Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Maxim Integrated Products Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Waste Management Common Stock | $1,001 - $15,000 | None (or less than $201) |
| International Paper Common Stock | $1,001 - $15,000 | None (or less than $201) |
| M&T Bank Corp Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Exxon Mobil Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Phillips 66 Common Stock | $1,001 - $15,000 | None (or less than $201) |
| American Electric Power Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Conagra Brands Common Stock | $1,001 - $15,000 | None (or less than $201) |
| GlaxoSmithKline PLC-ADR | $1,001 - $15,000 | $201 - $1,000 |
| Altria Group Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Sonoco Products Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Nucor Corp. Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Genuine Parts Co. Common Stock | $1,001 - $15,000 | None (or less than $201) |
| Diageo PLC ADRs | $1,001 - $15,000 | None (or less than $201) |
| U.S. investment account (cash) | $1,001 - $15,000 | None (or less than $201) |
| Carlyle Holdings (Private) Units | $5,000,001 - $25,000,000 | $100,001 - $1,000,000 |
| TCG Financial Services Investment Holdings, L.P. | ||
| Carried Interest in the profits of Carlyle Global Financial Services Partners, L.P. | $5,000,001 - $25,000,000 | $100,001 - $1,000,000 |
| TCG Financial Services Investment Holdings II, L.P. | ||
| Carried Interest in the profits of Carlyle Global Financial Services Partners II, L.P. | $15,001 - $50,000 | None (or less than $201) |
| TCG Venture investment Holdings III, L.P. | ||
| Carried Interest Reserves (cash) on Previously Disposed of Assets Managed by Affiliates of the Carlyle Group | $15,001 - $50,000 | None (or less than $201) |
| TCG Holdings | ||
| Carried Interest reserve on previously disposed of assets managed by affiliates of the Carlyle Group | $15,001 - $50,000 | None (or less than $201) |
| Avalon Advisors, LLC, carried interest (Americas - wealth advisory) (See Part 3, Item 1) | $1,000,001 - $5,000,000 | None (or less than $201) |
| GPS Hospitality Holding Company LLC, carried interest (Americas - Quick Service Restaurants) (See Part 3, Item 1) | $1,000,001 - $5,000,000 | None (or less than $201) |
| Savant Capital Management, LLC, carried interest (Americas - Wealth Advisory) (See Part 3, Item 1) | $1,000,001 - $5,000,000 | None (or less than $201) |
| Brand Group Holdings, Inc., carried interest (Americas - Community Banking) (See Part 3, Item 1) | $250,001 - $500,000 | None (or less than $201) |
| EPIS, LLC, carried interest (Americas - Business Software) (See Part 3, Item 1) | $1,000,001 - $5,000,000 | None (or less than $201) |
Other Income/Assets
| Description | Value | Income |
|---|---|---|
| Spouse Revocable Trust | ||
| General Electric Common Stock | Over $1,000,000 | $100,001 - $1,000,000 |
| Wells Fargo Common Stock | Over $1,000,000 | $100,001 - $1,000,000 |
| Union Pacific Common Stock | $500,001 - $1,000,000 | $15,001 - $50,000 |
| Anadarko Petroleum Corp Common Stock | $50,001 - $100,000 | $201 - $1,000 |
| BK Co LLC | ||
| GPS Hospitality Holding Company LLC Senior Preferred Units - Series A (Americas - Quick Service Restaurants) | $1,001 - $15,000 | $15,001 - $50,000 |
| HLKS BK II, LLC | ||
| Cynosure BK II, LLC | ||
| GPS Hospitality Holding Company LLC Senior Preferred Units - Series B (Americas - Quick Service Restaurants) | $250,001 - $500,000 | $5,001 - $15,000 |
| iShares MSCI EAFE ETF | $15,001 - $50,000 | $201 - $1,000 |
| iShares Core S&P 500 ETF | $50,001 - $100,000 | $1,001 - $2,500 |
| US Bank Account, Institution #1 (Cash) | $50,001 - $100,000 | $201 - $1,000 |
| Supervalu Inc. | $1,001 - $15,000 | None (or less than $201) |
| Family Trust #1 | ||
| General Electric Common Stock | Over $1,000,000 | $50,001 - $100,000 |
| U.S. Bank Account - Institution #1 (Cash) | $100,001 - $250,000 | $1,001 - $2,500 |
| L.L. Peterson Land Company Partnership | ||
| Undeveloped land in Fairview, Utah (former sheep ranch) | $1,001 - $15,000 | None (or less than $201) |
| GSL Artemia Worldwide (Global - Agricultural Production) | Over $1,000,000 | $100,001 - $1,000,000 |
| RHLKS, LLC (RHLKS, LLC is a single-asset vehicle.) | ||
| NTR , Inc. (Americas - Oil and Gas) | $1,001 - $15,000 | None (or less than $201) |
| Family Trust #2 (This trust is for the sole benefit of the filer's wife, children, and grandchildren; the filer retains no interest in either the trust or the underlying assets.) | ||
| Cynosure Management, LLC (Americas - Asset Management) | Over $1,000,000 | $63,166 |
| Cynosure Advisors, LLC (Americas - Wealth Advisory) | $50,001 - $100,000 | None (or less than $201) |
| Fuzzy, LLC | ||
| HLKS Investments, LLC | ||
| Pelion Venture Partners V, LP | $500,001 - $1,000,000 | None (or less than $201) |
| 33 Across, Inc. (Americas - Marketing Software) | ||
| Blyncsy, Inc (Americas - Traffic Management Software) | ||
| Charge, Inc. (Americas - Telephony Software) | ||
| CloudFlare, Inc. (Americas - Online Security Software) | ||
| CloudVelox, Inc. (Americas - Cloud Automation Software) | ||
| DataScience, Inc. (Americas - Business Analytics Software) | ||
| Formation Data Systems, Inc. (Americas - Storage and Data Protection Software and Services) | ||
| Grow, Inc. (Americas - Business Analytics Software) | ||
| Integral Ad Science, Ltd. (Americas - Business Analytics Software) | ||
| Keen-io, Inc. (Americas - Data Analytics Software) | ||
| MasteryConnect, Inc. (Americas - Education Software) | ||
| Movement Ventures, Inc. (Americas - Publishing and Marketing Software) | ||
| Neurala, Inc. (Americas - Network Software) | ||
| ObservePoint, Inc. (Americas - Data Analytics Software) | ||
| Primary Data, Inc. (Americas - Enterprise Software) | ||
| Rubicon Labs, Inc. (Americas - Internet Security Software) | ||
| SelfScore, Inc. (Americas - Credit Analytics Software) | ||
| SimpleCitizen, Inc. (Americas - Legal Software) | ||
| Stormpath, Inc. (Americas - Computer Security Software) | ||
| Vidi, Inc. (Americas - Consumer Electronics) | ||
| Peer Ventures Group III, LP (Peer Ventures III, L. P. is a single-asset vehicle.) | ||
| Theranos Common Stock (Global - Medical Technology) | Over $1,000,000 | None (or less than $201) |
| CompleteXRM Plan Plus Online Common Stock (Americas - Customer Relationship Management Software) | $50,001 - $100,000 | None (or less than $201) |
| Experticity, Inc. Common Stock (Americas - Business Software) | $250,001 - $500,000 | None (or less than $201) |
| Cynosure Management, LLC (Filer's spouse owns this interest in Cynosure Management directly, in addition to her beneficial interest in Cynosure Management through Family Trust #2, of which she and the filer's children are life beneficiaries, and the filer's grandchildren are residual beneficiaries.) | $250,001 - $500,000 | $13,975 |
| Bridgepoint Education, Inc. (Americas - Educational Services) | ||
| DeVry Education Group, Inc. Common Stock (Americas - Educational Services) | ||
| Cynosure Advisors, LLC (Filer's spouse owns this interest in Cynosure Advisors directly, in addition to her beneficial interest in Cynosure Advisors through Family Trust #2 of which she and the filer's children are life beneficiaries, and the filer's grandchildren are residual beneficiaries.) | $15,001 - $50,000 | None (or less than $201) |
| Brownie, LLC - B Units | ||
| Peer Ventures Group III, LP (Peer Ventures Group is a single-asset vehicle.) | ||
| Theranos Common Stock (Global - Medical Technology) | $100,001 - $250,000 | None (or less than $201) |
| Eccles Investment, LLC | ||
| A hotel and restaurant in the Deer Valley Ski Resort, Utah | Over $1,000,000 | None (or less than $201) |
| A condominium in Sun Valley, Idaho | $50,001 - $100,000 | None (or less than $201) |
| A condominium in Park City, Utah | $50,001 - $100,000 | None (or less than $201) |
| A condominium in Sun Valley, Idaho | $100,001 - $250,000 | $2,501 - $5,000 |
| Sorenson Capital Partners | $1,001 - $15,000 | None (or less than $201) |
| Provo Craft Acquisition, LLC (Americas - Retail) | ||
| MITY Enterprises, Inc. (Americas - Business Furniture) | ||
| West Rim Capital Partners II, L.P. | $500,001 - $1,000,000 | $5,001 - $15,000 |
| InMoment, Inc. (Americas - Data Analytics Software) | ||
| AccessData Group, LLC (Americas - Digital Forensics) | ||
| Workfront, Inc. (Americas - Project Management Software) | ||
| Health Catalyst, LLC (Americas - Health Care Software and Data Analytics) | ||
| Bamboo HR, LLC (Americas - Human Resources Software) | ||
| Experticity, Inc. (Americas - Business Software) | ||
| Pluralsight, LLC (Americas - Training Software) | ||
| Custom Control Concepts, Inc. (Global - Aircraft Cabin Systems) | ||
| Roberts Tool Company (Americas - Aerospace) | ||
| Wilson Electronics, Inc. (Americas - Communications Technology) | ||
| International Development Corporation (Global - Electric Lighting) | ||
| TruHearing, LLC (Americas - Medical Technology) | ||
| Zarbee's, Inc. (Americas - Health Supplement Manufacturing) | ||
| Solan, LLC (Americas - Manufacturing) | ||
| Home Brands Group (Americas - Franchising) | ||
| Southeast Directional Drilling (Americas - Business Services / Oil and Gas) | ||
| Layton Legacy Village (Americas - Assisted Living) | ||
| Nexmo, Inc. (Americas - Cloud Communications) | ||
| Western States Lodging and Management (Americas - Assisted Living) | ||
| Keystone Private Equity Opportunities II, L.P. | $100,001 - $250,000 | $15,001 - $50,000 |
| Fortress Investment Fund III | ||
| Fortezza Parent S.a.r.l. (Europe - Real Estate Credit) | ||
| Fortezz Sistereo S.a.r.l. (Europe - Real Estate Credit) | ||
| Fortezza Re S.a.r.l. (Europe - Real Estate Credit) | ||
| FIFHE Holdings, LLC (Fortress Investment Fund III does not provide information about the industry or geography of this holding.) | ||
| FIF III Liberty Holdings (The Fund does not provide information about the industry or geography of this holding.) | ||
| Seacastle, Inc. (Global - Intermodal Equipment) | ||
| Eurocastle Investment Ltd. (Europe - Real Estate) | ||
| Fortress Life Settlements Fund | ||
| Lima LS plc - ABS Notes (Americas - Insurance) | ||
| Merrill Lynch Carlyle Strategic Partners II | ||
| Carlyle Strategic Partners II, L.P. | ||
| AES Eastern Energy Common Stock (Americas - Power Generation) | ||
| Dynamic Precision Group, Inc. Common Stock (Americas - Aerospace / Defense) | ||
| Masonite International Corporation Warrants (Global - Manufacturing) | ||
| Permian Tank & Manufacturing Inc. Common Stock (Americas - Manufacturing / Oil and Gas) | ||
| AES Eastern Energy Senior Secured PIK Notes (Americas - Power Generation) | ||
| Mezzanine Debt Pool of a U.S. Financial Services Company (Carlyle Strategic Partners II, L.P. does not provide detailed information on the nature of this investment.) | ||
| Masonite International Corporation Common Stock (Global - Manufacturing) | ||
| Superior Energy Services, Inc. Common Stock (Americas - Oil and Gas) | ||
| Weatherford International Ltd. (Americas - Oil and Gas) | ||
| TXU Corporation Senior Secured Notes (Americas - Power Generation) | ||
| Brintons Carpets Limited Common and Preferred Stock (Europe - Consumer and Retail) | ||
| Brintons Carpets Limited PIK Term Loan (Europe - Consumer and Retail) | ||
| Monroe Capital Partners Fund | ||
| AdTheorent, Inc. - Term Loan (Americas - Data Analytics) | ||
| AdTheorent, Inc. - Revolving Loan (Americas - Data Analytics) | ||
| Ascent Aviation Services, LLC - Term Loan (Americas - Aircraft Maintenance and Repair) | ||
| Ascent Aviation Services, LLC - Mezzanine Loan (Americas - Aircraft Maintenance and Repair) | ||
| Ascent Aviation Services, LLC - Revolving Loan (Americas - Aircraft Aviation and Repair) | ||
| Benton-Georgia, LLC - Term Loan (Americas - Energy Services) | ||
| Benton-Georgia, LLC - Revolving Loan (Americas - Energy Services) | ||
| Benton-Georgia, LLC - Common Membership Units (Americas - Energy Services) | ||
| Benton-Georgia, LLC - Warrants (Americas - Energy Services) | ||
| BookIt.com Inc. - Warrants (Global - Travel Services) | ||
| Cali Bamboo, LLC - Term Loan (Americas - Retail) | ||
| Cali Bamboo, LLC - Revolving Loan (Americas - Retail) | ||
| Collaborative Neuroscience Network, LLC - Term Loan (Americas - Medical Research) | ||
| Collaborative Neuroscience Network, LLC - Promissory Note Loan (Americas - Medical Research) | ||
| Collaborative Neuroscience Network, LLC - Warrants (Americas - Medical Research) | ||
| Dominus Health Intermediate HoldCo, LLC - Term Loan (Americas - Health Services) | ||
| Dominus Health Intermediate HoldCo, LLC - Revolving Loan (Americas - Health Services) | ||
| Education Corporation of America - Second Lien Term Loan (Americas - Educational Services) | ||
| Education Corporation of America - Preferred Stock (Americas - Educational Services) | ||
| Fabco Automotive Corporation - Second Lien Term Loan B (Americas - Manufacturing) | ||
| Fabco Automotive Corporation - Incremental Term Loan (Americas - Manufacturing) | ||
| Fabco Automotive Corporation - Common Stock, Preferred Stock, and Warrants (Americas - Manufacturing) | ||
| FTJ FundChoice, LLC - Series A Common Units (Global - Asset Management and Investment Services) | ||
| L.A.R.K. Industries, Inc. - Term Loan (Americas - Manufacturing and Design) | ||
| Gracelock Industries, LLC - Term Loan (Americas - Consumer / Manufacturing) | ||
| LAI International, Inc. - Common Stock (Americas - Manufacturing) | ||
| Little River Healthcare Holdings, LLC - Term Loan (Americas - Health Services) | ||
| Little River Healthcare Holdings, LLC - CapEx Loan (Americas - Health Services) | ||
| Little River Healthcare Holdings, LLC - Revolving Loan (Americas - Health Services) | ||
| Luxury Optical Holdings Co. - Term Loan (Americas - Retailing) | ||
| Luxury Optical Holdings Co. - Revolving Loan (Americas - Retailing) | ||
| Madison Logic, Inc. - Term Loans (Americas - Business Software) | ||
| Madison Logic, Inc. - Revolver (Americas - Business Software) | ||
| Marana Aerospace Solutions - Term Loan (Americas - Aircraft Maintenance and Repair) | ||
| Marana Aerospace Solutions - Line of Credit (Americas - Aircraft Maintenance and Repair) | ||
| Marana Aerospace Solutions - Common Stock (Americas - Aircraft Maintenance and Repair) | ||
| MooreCo, Inc. - Term Loan B (Americas - Manufacturing) | ||
| O'Brien Industrial Holdings, LLC - Term Loan (Americas - Industrial Services) | ||
| O'Brien Industrial Holdings, LLC - Warrants (Americas - Industrial Services) | ||
| Playtime, LLC - Term Loan (Americas - Playground Equipment) | ||
| Playtime, LLC - Preferred Units (Americas - Playground Equipment) | ||
| Saladworks, LLC - Term Loan (Americas - Fast Casual Restaurants) | ||
| Saladworks, LLC - Revolving Loan (Americas - Fast Casual Restaurants) | ||
| SHI Holdings, Inc. - Term Loan (Americas - Manufacturing) | ||
| SHI Holdings, Inc. - Revolving Loan (Americas - Manufacturing) | ||
| SHI Holdings, Inc. - Common Stock (Americas - Manufacturing) | ||
| Soft Landing Interventions, LLC (Americas - Health Services) | ||
| Soft Landing Interventions, LLC - Convertible Loan (Americas - Health Services) | ||
| Soft Landing Interventions, LLC - Revolving Loan | ||
| Soft Landing Interventions, LLC - Preferred Units (Americas - Health Services) | ||
| Summit Container Corporation - Term Loan (Americas - Design and Manufacturing) | ||
| Summit Container Corporation - Warrants (Americas - Design and Manufacturing) | ||
| The O'Gara Group, Inc. - Term Loan (Global - Security Services) | ||
| The O'Gara Group, Inc. - PIK Loan - 3rd Lien (Global - Security Services) | ||
| The O'Gara Group, Inc. - Preferred and Common Stock (Global - Security Services) | ||
| The Tie Bar Operating Company, LLC - Class A and B Preferred Units (Americas - Retailing) | ||
| The Worth Collection, Ltd. - Term Loan (Americas - Retailing) | ||
| TPP Acquisition, Inc. - Common Stock (Americas - Photography) | ||
| TPP Operating, Inc. - Term Loans A and B-1 (Americas - Photography) | ||
| TPP Operating, Inc. - Common Stock (Americas - Photography) | ||
| Trident University International, LLC - Term Loan (Americas - Educational Services) | ||
| Trident University International, LLC (Americas - Educational Services) | ||
| StepStone Capital Partners II | ||
| Education Management Corporation - Common Stock (Americas - Educational Services) | ||
| Laureate Education, Inc. (Americas - Educational Services) (Stepstone owns a 0.72% Series A-1 interest in Wengen Alberta, Limited Partnership which owns 94.25% of Laureate Education, Inc.) | ||
| NXP Semiconductors N.V. - Common Stock (Global - Electronics) (Stepstone holds its interest in NXP indirectly through a 3.65% Class A limited partner interest in Blackstone Firestone Transaction Participation Partners (Cayman) L.P., which owns 228,283 shares of NXP) | ||
| CorePointe Group (Americas - Insurance) (StepStone owns a 23.67% interest in StepStone Capital Partners II CGI LLC which owns 1.28% of CG Series Holding LLC, which in turn owns CorePointe Group.) | ||
| U.S. Foodservice, Inc. (Americas - Food Wholesaling) (StepStone owns a 3.16% interest in CDR USF Co-Investor, L.P., which indirectly owns approximately 10.3% of U.S. Foodservice, Inc.) | ||
| University Hospital Services Inc. (Americas - Health Services) (StepStone owns a 3.98% interest in PIC/UHS Co-investment Partners, L.P. which indirectly owns approximately 24.2% of Universal Hospital Services, Inc.) | ||
| Tru-Green Holding Corporation - Common Stock (Americas - Home Services) | ||
| First Data Corporation (Global - Payments Processing) (StepStone owns 351,043 Class B Common Shares of First Data directly and additional shares indirectly through a 0.37% interest in the Class A Units and a 0.03% interest inthe Class B Units of New Omaha Holdings Co-Invest III, L.P.) | ||
| Nuveen Investments, Inc. (Americas - Asset Management) | ||
| Univision Communications, Inc. (Global - Communications Services) (StepStone owns its interest in Univision Communications, Inc. through a 2.03% interest in MDCP Foreign Co-investors (Umbrella), L.P., a 1.32% interest in THL Fund VI Intermediate Investors (Univision), L.P., and warrants representing a 0.44% interest in Providence Co-Investors (Univision) L.P.) | ||
| Caesar's Entertainment Corp. - Common Stock (Americas - Casinos / Hotels) | ||
| Caesar's Acquisition Company - Common Stock (Americas - Casinos / Hotels) | ||
| iHeart Communications, Inc. (Americas - Communications Services) (StepStone owns its interest in iHeart Communications indirectly through a 2.66% interest in THL Equity Fund VI Investors (Clear Channel), L.P. which owns 24.13% of iHeart Communications, Inc.) | ||
| Blackboard Inc. (Americas - Education Technology) (StepStone owns a 0.48% interest in Blackboard Super Holdco, Inc. which owns approximately 100% of Blackboard Inc.) | ||
| Water Cooler Group, LLC (Americas - Marketing and Communications) (StepStone owns a 5.26% interest in MS Investment Vehicle, LLC which indirectly owns approximately 48.4% of Water Cooler Group, LLC) | ||
| Emdeon Inc. (Americas - Health Services) (StepStone owns a 0.9% limited partner interest in Blackstone Eagle Principal Transaction Partners L.P. which indirectly owns approximately 32.3% of Emdeon Inc.) | ||
| BAWAG Bank P.S.K. (Europe - Financial Services) (StepStone owns 9,055 shares of Promontoria Sacher Holding N.V. which owns BAWAG Bank P.S.K.) | ||
| TDF (Europe - Athletic Competitions) (StepStone owns 110,354 shares of Preferred Equity Certificates in Tyrol Acquisition 1 & Cie S.C.A.) | ||
| OMega Pharma (Global Pharmaceuticals) (StepStone owns its interest in Omega Pharma through its holding of HAO Investment S.a.r.l.) | ||
| White Deer Energy | ||
| Acteon Group Ltd - Limited Liability interests (Europe - Engineering Services) | ||
| Crescent Companies, LLC (Americas - Oil and Gas Field Services) | ||
| Epic Midstream LLC (Americas - Oil and Gas Storage Services) | ||
| O-Tex Holdings, Inc. - Common and Preferred Stock (Americas - Energy Services) | ||
| Oak Harbor Capital III | ||
| Unsecured Credit Investments (It is against the fund manager's policy to provide position transparency to its investors.) | ||
| HILD, LLC | ||
| Reverse Mortgage Loans Eastern European countries (underlying assets below reporting thresholds) | $1,001 - $15,000 | None (or less than $201) |
| Corsair Financial Services Capital Partners III | $100,001 - $250,000 | None (or less than $201) |
| Kyobo Life Insurance Co., Ltd. (Asia - Life and Health Insurance) | ||
| Enstar Group Limited (Global - Insurance and Reinsurance) | ||
| New Star Financial, Inc. (Americas - Commercial Finance) | ||
| CapStar Bank (Americas - Commercial Banking) | ||
| MPC Munchmeyer Petersen Capital AG (Europe - Asset Management) | ||
| DVP LLC | ||
| Developable Real Estate at Deer Valley Ski Resort (Utah) | Over $1,000,000 | None (or less than $201) |
| U.S. Bank Account - Institution #1 (Cash) | $50,001 - $100,000 | $201 - $1,000 |
| Cynosure BK III, LLC (Cynosure BK III, LLC is a single-asset vehicle.) | ||
| GPS Hospitality Holding Company LLC Senior Preferred Units - Series C (Americas - Quick Service Restaurants) | $100,001 - $250,000 | $5,001 - $15,000 |
| Cynosure Avalon Holdings I, LLC (Cynosure Avalon Holdings I, LLC is a single-asset vehicle.) | ||
| Avalon Advisors, LLC (Americas - Wealth Advisory) | $1,000,001 - $5,000,000 | $7,660 |
| Cynosure EPIS I, LLC (Cynosure EPIS I, LLC is a single asset vehicle that owns its interest in EPIS, LLC through Cynosure EPIS, LLC, which is also a single-asset vehicle.) | ||
| EPIS, LLC (Americas - Business Software) | $100,001 - $250,000 | $23,505 |
| Cynosure Savant Holdings I, LLC (Cynosure Savant Holdings I, LLC is a single-asset vehicle that owns its interest in Savant Capital Management, LLC through Cynosure Savant, LLC, which is also a single-asset vehicle.) | ||
| Savant Capital Management, LLC (Americas - Wealth Advisory) | $500,001 - $1,000,000 | $53,980 |
| Carlyle Asia Partners Coinvestment L.P. | $500,001 - $1,000,000 | $15,001 - $50,000 |
| 7 Day Group Holdings Limited (Asia - Hotels) | ||
| Crystal Orange Hotel Holdings Limited (Asia - Hotels) | ||
| Focus Media (Asia - Advertising) | ||
| Global Health Private Limited (Asia - Health Services) | ||
| Greater China Intermodal Investments LLC (Asia - Shipping and Transportation) | ||
| Jaguar Asia Holdings Limited (Asia - Manufacturing) | ||
| Cynosure Pop I, LLC (Cynosure Pop I, LLC is a single-asset vehicle.) | ||
| GPS Hospitality Holding Company, LLC Senior Preferred Units - Series D (Americas - Quick Service Restaurants) | $50,001 - $100,000 | $5,001 - $15,000 |
| Cynosure Pop II, LLC (Cynosure Pop II, LLC is a single-asset vehicle.) | ||
| GPS Hospitality Holding Company, LLC Senior Preferred Units - Series E (Americas - Quick Service Restaurants) | $100,001 - $250,000 | $5,001 - $15,000 |
| Cynosure Brand Group I, LLC (Cynosure Brand Group I, LLC is a single-asset vehicle that owns it interest in Brand Group Holdings through Cynosure Brand Group, LLC, which is also a single-asset vehicle.) | ||
| Brand Group Holdings, Inc. (Americas - Community Banking) | $250,001 - $500,000 | None (or less than $201) |
| Cynosure SRAC I, LLC (Cynosure SRAC I, LLC is a single-asset vehicle that owns its interest in GPS Hospitality Holding Company through Cynosure SRAC, LLC, which is also a single-asset vehicle.) | ||
| GPS Hospitality Holding Company, LLC Senior Preferred Units - Series F (Americas - Quick Service Restaurants) | $500,001 - $1,000,000 | $15,001 - $50,000 |
| Carlyle Global Financial Services Partners Coinvestment, L.P. | $5,000,001 - $25,000,000 | $1,000,001 - $5,000,000 |
| Bank of N.T. Butterfield & Son, Ltd. (Bermuda - Community Banking) | ||
| Capital Bank Financial (Americas - Commercial Banking) | ||
| Edgewood Partners Holdings (Americas - Insurance Brokerage and Consulting) | ||
| Sandler O'Neill Partners Holdings, LLC (Americas - Boutique Investment Bank) | ||
| TCW Group, Inc. (Americas - Asset Management) | ||
| Xenith Bancshares (Americas - Community Banking) | ||
| Carlyle Global Financial Services Partners II Coinvestment, L.P. | $100,001 - $250,000 | None (or less than $201) |
| Duff & Phelps Corporation (Global - Valuation and Corporate Advisory) | ||
| Edgewood Partners Holdings, LLC (Americas - Insurance Brokerage and Consulting) | ||
| Family Trust #3 | ||
| General Electric Common Stock | $250,001 - $500,000 | $15,001 - $50,000 |
| Wells Fargo Common Stock | $50,001 - $100,000 | $2,501 - $5,000 |
| Fuzzy, LLC - B Units | ||
| Peer Ventures Group III, LP | ||
| Theranos Common Stock (Global - Medical Technology) | $50,001 - $100,000 | None (or less than $201) |
| Brownie, LLC | ||
| Peer Ventures Group III, LP | ||
| Theranos Common Stock (Global - Medical Technology) | $50,001 - $100,000 | None (or less than $201) |
| Anadarko Petroleum Corp | $15,001 - $50,000 | $201 - $1,000 |
| Fuzzy, LLC - C Units | ||
| Cynosure Avalon Holdings I, LLC | ||
| Avalon Advisors, LLC (Americas - Wealth Advisory) | $15,001 - $50,000 | $1,190 |
| Family Trust #4 | ||
| General Electric Common Stock | $250,001 - $500,000 | $15,001 - $50,000 |
| Wells Fargo Common Stock | $100,001 - $250,000 | $5,001 - $15,000 |
| Fuzzy, LLC - B Units | ||
| Peer Ventures Group III, LP | ||
| Theranos Common Stock (Global - Medical Technology) | $50,001 - $100,000 | None (or less than $201) |
| Brownie, LLC - B Units | ||
| Peer Ventures Group III, LP | ||
| Theranos Common Stock (Global - Medical Technology) | $15,001 - $50,000 | None (or less than $201) |
| Anadarko Petroleum Corp | $15,001 - $50,000 | $201 - $1,000 |
| Fuzzy, LLC - C Units | ||
| Cynosure Avalon Holdings I, LLC | ||
| Avalon Advisors, LLC (Americas - Wealth Advisory) | $15,001 - $50,000 | $1,190 |
| Family Trust #5 | ||
| General Electric Common Stock | $100,001 - $250,000 | $5,001 - $15,000 |
| Wells Fargo Common Stock | $50,001 - $100,000 | $2,501 - $5,000 |
| Fuzzy, LLC - B Units | ||
| Peer Ventures Group III, LP | ||
| Theranos Common Stock (Global - Medical Technology) | $50,001 - $100,000 | None (or less than $201) |
| Brownie, LLC - B Units | ||
| Peer Venture Group III, LP | ||
| Theranos Common Stock (Global - Medical Technology) | $50,001 - $100,000 | None (or less than $201) |
| Fuzzy, LLC - C Units | ||
| Cynosure Avalon Holdings I, LLC | ||
| Avalon Advisors, LLC (Americas - Wealth Advisory) | $15,001 - $50,000 | $1,190 |
| Anadarko Petroleum Corp | $15,001 - $50,000 | $201 - $1,000 |
| Family Trust #6 | ||
| Ranch near Hailey, Idaho | Over $1,000,000 | None (or less than $201) |
| Union Pacific Common Stock | Over $1,000,000 | $50,001 - $100,000 |
| U.S. Bank Account - Institution #1 (Cash) | $50,001 - $100,000 | $201 - $1,000 |
| US Bank Account, Institution #1 (Cash) | $50,001 - $100,000 | $201 - $1,000 |
| Revolving Credit Note from Cynosure Investments, LLC | $1,000,001 - $5,000,000 | $50,001 - $100,000 |
| Revolving Credit Note from Goldener Hirsch Inn | $250,001 - $500,000 | $5,001 - $15,000 |
| US Bank Account, Institution #1 (Cash) | $1,001 - $15,000 | None (or less than $201) |
| Wells Fargo Common Stock | $100,001 - $250,000 | $5,001 - $15,000 |
Employment Agreements and Arrangements
| Employer or Party | City, State | Status and Terms | Date |
|---|---|---|---|
| Cynosure Management, LLC (Cynosure-advised investment vehicles in which I have a carried interest have invested in the following portfolio companies: Avalon Advisors (a wealth advisory firm in Houston, TX), GPS Hospitality (a fast food franchisee in Atlanta, GA), Savant Capital (a wealth advisory firm in Rockford, IL), Brand Bank (a community bank in Atlanta, GA), EPIS, LLC (a software company in Salt Lake City, UT)) | Salt Lake City, Utah | I have a fully vested carried interest in investment vehicles advised by Cynosure Management or affiliates of Cynosure Management that have made private investments in the companies identified in the endnote to this item. Proceeds of this carried interest are contractually obligated to be paid contemporaneously with their receipt by Cynosure. | Jan. 16, 2014 |
| The Carlyle Group (Carlyle-advised investment vehicles in which I retain a carried interest are invested in the following portfolio companies: Bank of N.T. Butterfield & Son, Ltd. (Bermuda - Banking) Capital Bank Financial (Americas - Banking) Edgewood Partners Holdings (Americas - Insurance Brokerage and Consulting) Sandler O'Neill Partners Holdings (Americas - Boutique Investment Bank) The TCW Group, Inc. (Americas - Asset Management) Xenith Bancshares (Americas - Community Banking) Duff & Phelps Corporation (Americas - Valuation and Corporate Advisory)) | Washington, District of Columbia | I have a fully vested carried interest in investment vehicles advised by The Carlyle Group that have made private investments in the companies identified in the endnote to this item. A portion of the proceeds of this carried interest is generally paid out when received by Carlyle, and a portion retained as a reserve until the partnerships generating the carried interest have terminated and all partnership obligations have been satisfied. | July 16, 2007 |
Liabilities
| Creditor Name | Creditor Type | Amount | Rate | Year Incurred |
|---|---|---|---|---|
| Wells Fargo | Exercised Line of Credit | Over $1,000,000 | Prime minus 2.25% | 2015 |
| Morgan Stanley | Exercised Line of Credit | $1,000,001 - $5,000,000 | Fed Funds plus 1.5% | 2015 |
| Wells Fargo | Mortgage (investment/ren tal property) | $100,001 - $250,000 | 3.38% | 2016 |
| Wells Fargo | Mortgage on Personal Residence | $1,000,001 - $5,000,000 | 3.15% | 2016 |
| HLKS, LLC | Obligation for undrawn capital calls to Pelion Venture Partners V | $50,001 - $100,000 | N/A | 2012 |
| Eccles Investment, LLC | Obligation for undrawn capital calls to Keystone Private Equity Opportunities II, L.P. | $15,001 - $50,000 | N/A | 2012 |
Spouse's Employment Assets
| Description | Value | Income Type | Income Amount |
|---|---|---|---|
| Marriner S. Eccles Foundation | salary, director fees | ||
| U.S. retirement account (cash) | $1,001 - $15,000 | None (or less than $201) | |
| Brokerage IRA (While this IRA is invested in a widely diversified range of common stocks selected and managed by a U.S. Bank, these stocks are held individually and not through a fund vehicle and are therefore reported separately as sub-assets of the IRA account.) | |||
| Fidelity Advisor Series VIII Diversified Intl. Fund | $50,001 - $100,000 | $201 - $1,000 |
Do you know something about Randy Quarles? Send us an email at [email protected] or send a Signal message to 347-244-2134.
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