Ed Lhee, the co-founder of New Harbor Capital, is a leading figure in private equity, particularly known for his dedication to transforming small businesses through strategic investments in the lower-middle market. His career is fueled by a belief in the power of private equity to significantly enhance the growth and success of driven entrepreneurs, a conviction shaped by his life experiences from his early days in Seoul, South Korea, to becoming a pivotal business leader in the United States.
Raised by extended family members in Seoul while his parents established their lives in America, Ed learned early on the importance of adaptability and community support. These formative years taught him resilience and the value of strong, supportive relationships, which later became foundational principles in his professional life. At seven years old, he joined his parents in Chicago, moving later to the northern suburbs, where he attended New Trier High School. There, his active involvement in sports like basketball and baseball imparted lessons on teamwork, leadership, and the crucial role of a supportive team culture.
Ed's pursuit of higher education led him to the University of Pennsylvania, where he attended the Wharton School of Business and the College of Arts and Sciences. He earned dual degrees in finance and psychology, focusing on microeconomics and human behavior. This unique combination of disciplines equipped him with a deep understanding of business's economic and psychological aspects, providing a solid foundation for his future in private equity.
Starting his career at Morgan Stanley's M&A and Corporate Finance Groups, Ed acquired essential skills in financial analysis and strategic business planning. Eager to further his expertise, he pursued an MBA at Northwestern University's Kellogg School of Management, graduating in 1997.
Motivated by a passion for private equity, Ed sought a role that aligned with his interests and expertise. This led him to join Code Hennessy & Simmons in Chicago. He deepened his investment skills there and developed a keen interest in nurturing business leadership and growth.
2013 Ed leveraged his wealth of experience to co-found New Harbor Capital. His vision for the firm centered on supporting entrepreneurs in scaling their businesses effectively while maintaining the core values and innovative spirit that initially made them successful. He believes that true leadership transcends typical business operations, advocating for creating environments that encourage innovation and sustainable growth.
Additionally, Ed champions "compassionate capitalism," a business philosophy that combines financial success with social progress. His commitment to this philosophy is evident in his active involvement in health and wellness ventures, which emphasize a business model prioritizing human well-being. In an era of increasing scrutiny of traditional capitalist practices, his approach focuses on personal relationships, trust, and empowering individual potential.
Through his professional journey and personal philosophy, Ed Lhee exemplifies how integrating personal history with professional objectives can lead to meaningful and transformative business practices. His approach to private equity aims to achieve financial success and foster a positive impact on society, demonstrating that business can be a powerful force for good.