Tom Steyer is a successful asset manager and entrepreneur. He founded
and is Co-Managing Partner of the San Francisco-based hedge fund Farallon
Capital Management and is a partner at the private equity firm Hellman &
Friedman, also in San Francisco. With his wife Kat Taylor, he created and
funded OneCalifornia Bank, based in Oakland, which provides loans and
banking services to underserved small businesses, communities, and
individuals in California.

Steyer is also co-Chair, with former Secretary of State George Shultz, of the
campaign to oppose Proposition 23 in California, an initiative that would
undercut California’s commitment to clean energy.

Steyer was born in New York City in 1957. He has a BA from Yale and an
MBA from Stanford. He began his career in finance in New York and
moved to the Bay area in 1986 to marry his wife, Bay area native Kat
Taylor, and raise his family here. He first joined Hellman and Freidman,
and then founded Farallon in San Francisco in March 1986.

Farallon now employs approximately 165 people. One of the first multi-
strategy funds with a broad range of domestic and international investments,
Farallon’s institutional investors are primarily college endowments and non-
profit foundations.

An avid Californian, Steyer has worked to promote economic development
and environmental protection in the state. For the past five years, the
OneCalifornia Bank and Foundation have been increasing activities
promoting economic opportunities for struggling small businesses,
communities, and individuals. Most recently, OneCalfornia acquired the
West Coast operations of ShoreBank. Through an innovative structure, any
eventual profits from the bank will go directly to the not for profit
foundation.

Steyer is on the Board of Trustees of Stanford University; two years ago, he
and Taylor founded a renewable energy research center there. Steyer is a
leading Democratic activist and fundraiser, and an active participant in
national and international policy discussions. He has joined with Warren
Buffett and Bill Gates in agreeing to donate more than half his wealth to
charity during his lifetime.

Steyer and his wife have four children between 16 and 22 years of age.

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