WCAS Fraser Sullivan co-founder Sullivan dies in helicopter crash

Tighe Sullivan
Tighe Sullivan, co-founder of WCAS Fraser Sullivan Investment Management

Tighe Sullivan, co-founder of WCAS Fraser Sullivan Investment Management, was killed in a helicopter crash in Pennsylvania while returning from a golf outing. He was 51.

Mr. Sullivan, of Darien, Conn., was among three passengers in a helicopter that went down in a wooded area in Coolbaugh Township on Tuesday night, the Monroe County coroner’s office said Wednesday in a statement.

The pilot, William Ellsworth, also was killed in the crash. Passenger Stephen Barral, a fraternity brother of Mr. Sullivan’s, survived.

Mr. Sullivan started the leveraged-loan firm with John Fraser in 2005 after leaving Deutsche Bank, where he was a managing director in high-yield sales.

Mr. Sullivan is survived by his wife, Callie, and their children, Jessie, 18, Lila, 17, and Tiger, 15, said Richard Lombard, his father-in-law.

A service will be held at the United Church of Rowayton in Norwalk, Conn., at 1 p.m. EDT Oct. 14, Mr. Lombard said.

Mr. Sullivan was returning from a golf trip to Pine Valley, N.J., Mr. Lombard said. They had dropped off a passenger in Wilkes-Barre, Pa., and were returning to the New York area when the pilot diverted toward a local airport to escape bad weather, Chief Harry Lewis of the Pocono Mountain Regional Police Department said in a statement. They crashed about a mile from Mount Pocono Airport, Mr. Lewis said.

3i Group said in August that it was starting a U.S. unit with WCAS Fraser Sullivan, which managed about $2.5 billion at the time. Mr. Sullivan was slated to be co-head of the U.S. business when the transaction was completed, reporting to Jeremy Ghose, CEO of 3i Debt Management.