ALAN G. MNUCHIN, WALL STREET INVESTMENT EXPERT
Alan G. Mnuchin, Beta Pi ’79, has become a valued asset as a financial advisor for new and old firms. Brother Mnuchin, brother to former United States Secretary of the Treasury Steven Mnuchin, has proven to be a successful and influential investor and deal-maker on Wall Street.
Using the knowledge and wisdom he obtained from Wharton and from the University of Chicago where he earned his MBA, he rose to Vice President at Goldman Sachs. After stints at Bear Stearns Company and Lehman Brothers, he founded AGM Partners LLC, an investment bank, and later Arliam Group LLC, a merchant bank.
While maintaining his position at Arliam, he became the Chairman and CEO at Falcon Capital Acquisition Corp. II (Falcon). Falcon is recognized as a SPAC (Special Purpose Acquisition Company), also known as a blank check company, a company formed and designed to effect a merger. By providing necessary capital to another company, Falcon becomes a partner with the other company. By doing so, the other company avoids having to raise funds by an IPO (Initial Public Offering).
In this instance, Falcon merged with Sharecare Inc., a digital health company that helps people manage all their medical information in one place. As described by Falcon when the “business combination” was approved, “Sharecare’s comprehensive and data-driven virtual health platform is designed to help people, providers, employers, health plans, government organizations, and communities optimize individual and population-wide well-being by driving positive behavior change”.
After the merger was completed, Brother Mnuchin became a member of the Board of Directors for Sharecare. Besides his financial endeavors and accomplishments, he is also a member of the Board of Directors for the Lung Cancer Research Foundation.
Congratulations and best wishes to brother Mnuchin on his many achievements and his future successes.