# Tom Morgan

> Thomas W. Morgan is a 30-year private equity veteran who pioneered the GP stakes investing category when he founded Hycroft Capital in 2015, the first firm dedicated solely to minority, non-control investments in private equity management companies. His career arc spans First Boston, Bain Capital during its formative 1990s growth, and 15 years at New Mountain Capital (raising $15B+ AUM). After merging Hycroft into Magnetar Capital and co-founding Aviditi Advisors (acquired by Piper Sandler in 2024), he now manages Greylock Capital Partners, his family office with interests in franchise concepts, commercial real estate, and private investments, from Manhattan's Upper East Side.

- **Role:** Managing Partner at Greylock Capital Partners
- **Organizations:** Greylock Capital Partners, Aviditi Advisors, University Settlement Society of New York
- **Nationality:** American
- **Education:** B.A. in History and Political Science (magna cum laude), Williams College, MBA, Harvard Business School
- **Known for:** Pioneered the GP stakes asset class with Hycroft Capital in 2015 - the first firm formed solely to make minority, non-control investments in PE management companies, Spent 15 years at New Mountain Capital and helped grow AUM from inception to over $15 billion, Witnessed and contributed to Bain Capital's growth from a $300M single-strategy shop to a $5B multi-strategy firm during the 1990s

## Career timeline

- **1991** — Graduated Williams College magna cum laude; began career in investment banking at First Boston
- **Early 1990s** — Joined Bain Capital, playing a key role as the firm grew from $300M AUM to $5B AUM
- **1998** — Earned MBA from Harvard Business School
- **2000** — Joined New Mountain Capital at its inception as an early team member
- **2000-2015** — Helped New Mountain Capital raise over $15B AUM across private equity and credit strategies
- **2015** — Left New Mountain Capital to found Hycroft Capital, the first firm solely dedicated to GP stakes (minority investments in PE management companies)
- **2017-2019** — Merged Hycroft Capital into Magnetar Capital, forming and leading Magnetar Strategic Capital
- **2020-2024** — Co-founded Aviditi Advisors, an alternative investment bank serving private capital firms and LP investors
- **2024-08** — Aviditi Advisors acquired by Piper Sandler, completing the firm's full lifecycle
- **2024-present** — Managing Greylock Capital Partners, his personal family office with investments in franchises, commercial and residential real estate

## Achievements

- Pioneered the GP stakes asset class with Hycroft Capital in 2015 - the first firm formed solely to make minority, non-control investments in PE management companies
- Spent 15 years at New Mountain Capital and helped grow AUM from inception to over $15 billion
- Witnessed and contributed to Bain Capital's growth from a $300M single-strategy shop to a $5B multi-strategy firm during the 1990s
- Merged Hycroft Capital into Magnetar Capital, forming and leading Magnetar Strategic Capital
- Co-founded Aviditi Advisors, which was successfully acquired by Piper Sandler in August 2024
- Served on the Board of Directors of University Settlement Society of New York for over 19 years

## Latest updates

- **2024-08** — Aviditi Advisors, which Morgan co-founded, was acquired by Piper Sandler, expanding Piper Sandler's private capital advisory capabilities.
- **2024** — Tom Morgan is currently managing Greylock Capital Partners, his family office, with a focus on franchise concepts, commercial and residential real estate, and select private investments.

## Links

- LinkedIn: https://www.linkedin.com/in/tom-morgan-4457181/
- Facebook: https://www.facebook.com/twmorgan24

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Profile page: https://yespress.io/tom-morgan
Published by YesPress — https://yespress.io
Last updated: 2026-05-08