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Published on: 8/6/2001
Last Visited: 8/6/2001
FAIRFIELD , Conn. , Aug. 6 /PRNewswire/ -- Thanks to the support of alumnus Michael C. Dailey '75 , president and CEO of Southport , Conn.-based Dailey Capital Management , Sacred Heart University is poised to receive up to $500 , 000 to create an endowed scholarship.Mr. Dailey is one of the country's most successful private equity investors.
In a move designed to generate broader support for the University from his fellow alumni , Mr. Dailey will contribute $200 , 000 , with a commitment to raise an additional $300 , 000 by offering an opportunity for others to match his gift.He will personally champion the matching fund effort.
Mr. Dailey is making this gift in honor of Dr. and Mrs. Anthony J. Cernera.
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Cernera has worked tirelessly to transform Sacred Heart University from a locally focused commuter college into a comprehensive , innovative , residential institution of higher learning , Mr. Dailey said.
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Mr. Dailey said that he was impressed with the University's enhanced academic programs , improved infrastructure and continued service to the community.Since Dr. Cernera's arrival , Sacred Heart University has :.
* Implemented 11 new academic programs , including master's degrees in.
physical therapy , occupational therapy , computer science and chemistry
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Mr. Dailey received the University's prestigious Alumni Award of Excellence at the 12th annual Discovery Dinner and Awards Ceremony , which was held on April 21.
I'm pleased to be able to give back to an institution that is making a difference in people 's lives , Mr. Dailey said.But I cannot stress the importance of the matching contributions.I challenge others , especially alumni , to join me in embracing the University , which is why I'm making this gift in the form of a matching contribution..
About Michael C. Dailey
Michael C. Dailey is president and CEO of Dailey Capital Management , L.P. , a private equity investment firm he founded in 1998 with offices in Southport , Connecticut.Investors include high net worth individuals and families , private bank portfolios , funds and various institutions.Mr. Dailey is joined by five other investment professionals with a combined total of more than $1 billion in private equity investment experience.
Mr. Dailey's 20-year track record in the leveraged buyout business spans nearly 30 investments in eight different industries.Over this time frame , his investors have recorded a 43% annual compound rate of return and suffered not a single loss on invested capital under Mr. Dailey's leadership.This record of achievement is arguably unparalleled in leveraged private equity.
Prior to founding Dailey Capital Management , Mr. Dailey was president and CEO of Triad Capital Management , a closely held venture capital company , where he directed investment activities from 1979 to 1997.Not a single loss was incurred in connection with any investment under the direction of Mr. Dailey throughout his impressive 18-year association with Triad.Before joining Triad , Mr. Dailey served as an executive director and shareholder of Cushman & Wakefield , where he was among the top producers in commercial real estate.
Mr. Dailey received a B.A. degree from Sacred Heart University in 1975 , and an M.B.A. degree from the University of Bridgeport in 1978.He has been a frequent lecturer at such prestigious institutions as the Columbia Business School.He has also been profiled in Private Equity Week , Leaders Magazine , The Wall Street Journal Transcript , Pensions & Investments Magazine , Insurance Finance & Investor , Buyouts Magazine , Investment Dealers Digest , American Banker , Mergers and Acquisitions , and the Knight Ridder newspapers , among others.
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