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 Ten years ago, The Deal LLC published its first issue. Within those 22 pages, senior writer David Carey broke down the top 50 dealmakers, estimating their 1999 salary and highlighting their dealmaking activity. For our 10th anniversary, we will be checking back with some of the big names on that list and taking a look at what they're up to now. Subscribers to The Deal Pipeline can access all the links below.In 1999, Thomas H. Lee's eponymous firm, launched in 1974, was well on its way to becoming the top player in the buyout industry. That year, Lee took ninth place in The Deal's "Private Equity 50" with at least $155 million in income. Also that year, Lee, with the help of money manager Putnam Investments, launched TH Lee Putnam Ventures, a private equity and venture capital firm focused on late-stage technology companies. That venture now boasts $1.1 billion in capital commitments and has invested approximately $850 million over the past decade. However, in 2005 Lee split from THL as part of a long-held succession plan, and the firm is now led by co-presidents Anthony DiNovi, Scott Schoen and Scott Sperling. Rumors circulated that Lee's departure was less than amicable, although he maintains otherwise. The following year, in September 2006, Lee founded Lee Equity Partners LLC. That firm would carry on his tradition of making growth equity investments between $100 million and $500 million, primarily in the U.S. But with the downturn fast approaching, the firm has faced an uphill battle. Needless to say, Lee Equity has yet to make much of a mark. In July 2007, the firm acquired tween clothing retailer Deb Shops Inc. in a $395 million buyout, but like the rest of the retail industry, we doubt this investment is paying off yet. Then in the fall of 2008, Lee and several outside investors put up the capital to start MidCap Financial, run by a management team composed of the former senior managers of Merrill Lynch Capital Healthcare Finance. Just last month, Lee Equity reportedly joined forces with former executive vice chairman of New England-based Citizens Bank Robert Mahoney to build a new banking platform to be capitalized with at least $800 million. But with Lee's star-studded team, including Mark Gormley, formerly of Capital Z Partners; David Morrison, former president and CEO of Mercer Management Consulting; Allen Questrom, one-time CEO of J.C. Penney Co. (NYSE:JCP); and Robert C. Wright, the former chairman and CEO of NBC Universal Inc., Lee Equity is bound to keep fighting the good fight. - Sara Behunek See Also: Where's the dealmaker now: Leon Black Where's the dealmaker now: Thomas Hicks
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