Michael Psaros Net Worth
Michael Psaros is a co-founder of KPS Capital Partners, LP, a firm that manages over $12 billion in assets. The firm has investments in manufacturing and industrial companies. It was founded in the early 1990s by Psaros and David Shapiro. The firm has a track record of success in transforming acquired businesses into industry-leading enterprises.
KPS Partners manages a family of private equity funds. Its portfolio companies operate 232 manufacturing facilities in 27 countries with approximately 53,000 employees. They generate $22.0 billion in revenues every year. As one of the largest equity firms in the United States, KPS is considered to be an industry leader.
The firm also manages a portfolio of Special Situations Funds. The firm has a history of developing a proprietary investment strategy. Its management team is comprised of Michael Psaros, David Shapiro, and Raquel Palmer. The company’s core values include veracity, integrity, and commitment to a culture of family ownership. The firm requires all of its staff to work five days a week to ensure their health. It has a policy that all staff must be vaccinated.
In addition to his work with KPS, Michael Psaros is an executive board member and Vice Chairman of the McDonough School of Business’s Executive Board of Advisors and the McDonough School’s Board of Directors. He also serves on the Board of Trustees for Leadership 100 and the board of the Order of St. Andrew National Council. He received a Humanitarian Award from the Hellenic Times Scholarship Fund, and an Archbishop Iakovos Leadership 100 Award for Excellence. He was also honored at the Georgetown University Wall Street Alliance’s gala in New York City.
Michael Psaros is a former investment banker for Bear Stearns and Bear Sternes. He also served as a Treasurer for the Greek Orthodox Archdiocese of America. He is also a founding member of FAITH, the Friends of St. Nicholas. The organization is responsible for building the St. Nicholas National Shrine. He has also been a member of the National Council of the Order of St. Andrew, and has been recognized for his efforts on the local, state, and national levels.
He is an active member of the Greek community in Washington, D.C., having served as an Archon of the Ecumenical Patriarch. He has received the Hellenic Heritage Award from the Three Hierarchs Greek Orthodox Church, as well as the Socrates Award from AHEPA. He has also been recognized by the Archdiocesan Cathedral of the Holy Trinity, and by the Hellenic American Bankers Association for his leadership as an executive. He has also been awarded the Humanitarian Award from the Hellenic American Bankers Association.
In addition to his business and religious activities, Michael Psaros has also donated a substantial portion of his personal wealth to his alma mater. His family has given an Orthodox Iconostasis to the Copley Cryt Chapel at Georgetown University. They also have supported the construction of the Psaros Center for Financial Markets and Policy, which is named after the Psaros family.