3i managing partner dies in helicopter crash

Tighe Sullivan had joined 3i in August when the firm established a joint venture with US debt specialist WCAS Fraser Sullivan Investment Management, which Sullivan co-founded.

UK-listed 3i Group is mourning the loss of managing partner Tighe Sullivan, who died in a helicopter crash Tuesday.

Sullivan, 51, was returning from a golf outing and headed toward the New York area when the helicopter crashed in Pennsylvania. 3i expressed its condolences in a statement Wednesday.

“We are all shocked and saddened by this tragic loss,” said managing partner and chief executive of 3i Debt Management Jeremy Ghose in the statement. “Our thoughts are with Tighe's family, friends and colleagues. I know how excited Tighe was to be part of 3i and, together with John Fraser and his colleagues, we will continue to build on the foundations he laid and keep his memory in our hearts.”

Tighe
Sullivan

Sullivan had joined 3i in August when the firm established a joint venture with US-based WCAS Fraser Sullivan Investment Management, a specialist debt manager Sullivan co-founded with Fraser. As a result of the venture, all new US debt management business for both 3i and Fraser Sullivan is implemented through the newly-formed 3i Debt Management US.

“The Fraser Sullivan and 3i Debt Management teams all mourn the passing of our trusted friend and valued colleague Tighe Sullivan,” Fraser said in a statement. “We will miss the unwavering zest for life that added so much to our professional and personal lives. Our hearts go out to Tighe's family as they cope with such a tragic and unexpected loss.” 

Prior to co-founding Fraser Sullivan, Sullivan was a managing director in the high-yield debt business at Deutsche Bank from 2000 to 2005. He previously was a managing director and founding partner of the high-yield group at Wachovia predecessor First Union.