Michael Psaros, who co-founded and is a managing partner of $13.1 billion private equity firm KPS Capital Partners LP, hasn't forgotten his alma mater or the mentor who supported him.
Mr. Psaros and his family are committing $11 million to endow the newly renamed Psaros Center for Financial Markets and Policy at Georgetown University's McDonough School of Business. Mr. Psaros received a Bachelor of Science in business administration from the school in 1989. Mr. Psaros has a long history of supporting the school. He is a member of Georgetown's board of directors and vice chairman of the executive committee of the McDonough School's board of advisers.
In October, Mr. Psaros and his family donated $3 million to endow the Ecumenical Patriarch Bartholomew Orthodox Chaplaincy at Georgetown to support a full-time Orthodox Christian chaplain.
And more than a decade ago, the Psaros family provided seed capital to establish a financial markets and policy center at the business school.
The newest gift is designed to support the Psaros Center's goal of providing objective, research-driven guidance at the intersection of finance and policy. Mr. Psaros' mentor, Reena Aggarwal, the Robert E. McDonough professor of finance, is also the director of the Psaros Center.
"Mike's gift is going to be transformational in allowing the center to fulfill its ambition and in enhancing Georgetown's ability to provide thought leadership that directly impacts financial policy now and in the future," Ms. Aggarwal said in a news release.