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Private Equity Program News

January 22, 2013

Gary Appel joins Columbia as Executive in Residence and Private Equity Program Advisory Board Member

Gary Appel ’77, who recently retired as Vice Chairman of the global middle market private equity funds manager, Castle Harlan, Inc., has been named Executive in Residence at Columbia Business School.


Gary Appel 77 has been appointed to be an Executive in Residence at Columbia Business School. Currently he also serves on the Advisory Board of the Private Equity Program at Columbia Business School. Gary has spent 35 years in the financial services industry.

Gary retired in 2012 as Vice Chairman of Castle Harlan, Inc., a global middle market private equity funds manager. Prior to joining Castle Harlan, he was Vice Chairman of Glencoe Capital, Ltd., a Chicago-based middle market private equity funds manager, and a member of its Investment Committee. While at Glencoe he co-founded and managed one of the first independent co-investment funds created for a state retirement system.

In the late 1990’s Gary was a Senior Managing Director of Bear Stearns, Inc. Prior to that for 17 years, he was with Donaldson, Lufkin & Jenrette, Inc. serving as a Managing Director and a founding partner of DLJ Merchant Banking. He was a member of DLJ Merchant Banking’s Board of Directors and its Investment Committee and has served on the boards of directors of numerous corporations across a variety of industries, as well as several not-for-profit institutions. He earned his BA with honors from Vassar College and his MBA from Columbia University.

New Research

No Free Shop: Why Target Companies in MBOs and Private Equity Transactions Sometimes Choose Not to Buy ‘Go Shop’ Options

By Charles W. Calomiris, Donna M. Hitscherich and Adonis Antoniades

Read the Paper >