Thomas Fahr Steyer (born June 27, 1957) is an American hedge fund manager, philanthropist, environmentalist, progressive activist, and fundraiser.
Steyer is the founder and former co-senior managing partner of Farallon Capital and the co-founder of OneCalifornia Bank, which became (through merger) Beneficial State Bank, an Oakland-based community development bank. Farallon Capital manages $20 billion in capital for institutions and high-net-worth individuals. The firm's institutional investors include college endowments and foundations. Since 1986, Steyer has been a partner and member of the Executive Committee at Hellman & Friedman, a San Francisco-based $8 billion private equity firm. In 2010, Steyer and his wife signed The Giving Pledge to donate half of their fortune to charity during their lifetime. In 2012, he sold his stake in and retired from Farallon Capital. Switching his focus to politics and the environment, he launched NextGen America, a non-profit organization that supports progressive positions on climate change, immigration, health care, and education.
In October 2017, NextGen America donated grants totaling $2.3-million dollars to eight national immigration law service organizations, including the University of California Immigrant Legal Services Center, the Immigration Law Clinic at UC Davis School of Law, UC Hastings Center for Gender and Refugee Studies, Asian Americans Advancing Justice — Asian Law Caucus, California Rural Legal Assistance Foundation, Center for Community Change, American Immigration Lawyers Association. and the Council on American-Islamic Relations. Steyer served on the Board of Trustees at Stanford University from 2012 to 2017. Wikipedia