Managing Director, Chairman of Public Sector & Infrastructure Department
Head of Sports Finance and Surface Transportation Finance Groups
Goldman, Sachs & Co.
Mr. Carey joined Goldman Sachs in 2004. Before coming to Goldman Sachs, Mr. Carey was the Head of the Transportation and Infrastructure Group at Citigroup. In this role, Mr. Carey was responsible for all infrastructure and surface transportation efforts. Mr. Carey has also done extensive work in project finance, waste-to-energy, and sports advisory and facility financings. He has worked as lead manager on over $130 billion of financings.
At Goldman Sachs, Mr. Carey is currently Chairman of PSI and Head of two distinct franchises: Infrastructure Finance and Sports/Sports Facility Finance. Recently of note, Mr. Carey is leading a $3 billion toll revenue bond financing for the Grand Parkway Transportation Corporation in Houston, TX. As a top industry banker in surface transportation (highway, toll road and transit) and municipal P3/Project Finance sectors, Mr. Carey’s transportation clients have included the Niagara Falls Bridge Authority, NY, which was selected as a 1992 Institutional Investor “Deal of the Year,” Highway 407 (1999 Institutional Dealers Digest “Deal of the Year,” as well as 1999 Institutional Investor “Deal of the Year”), the Las Vegas Monorail Corporation (2000 Institutional Investor “Deal of the Year”), the Texas Turnpike Authority (Bond Buyer 2002 Southwest “Deal of the Year”), Skyway Concession Company LLC (2005 Project Finance Magazine “Deal of Year”), the Florida Turnpike, the Mid-Bay Bridge Authority, Florida, Lake of the Ozarks Corporation, the Osceola Parkway, the New Jersey Turnpike Authority, the North Texas Tollway Authority, Puerto Rico Highways Authority and the San Joaquin Hills Transportation Corridor Agency, California.
As a leading sports facility banker worldwide, Mr. Carey has helped finance over $16 billion of facilities for professional and college sports franchises. This experience executing over 30 sports financings has been in a variety of markets including municipal, investment grade, bank loan, and high-yield markets. Specifically, in March 2012, he closed an $850 million fully-committed bank loan transaction to finance the San Francisco 49ers’ new stadium (Levi’s Stadium) in Santa Clara, CA. Other notable and recent sports clients include the New York Yankees (tax-exempt and taxable PILOT Bonds), Legends Hospitality LLC (taxable bank loan), Brooklyn Nets (tax-exempt PILOT Bonds), Louisville Arena Authority (tax-exempt revenue bonds), Orlando Magic (tax-exempt bonds and taxable bank loan), New York Giants (taxable private placement and taxable bank loan), New England Patriots (taxable private placement) and the National Football League (taxable private placement and taxable bank loan).
As briefly mentioned above, three of his clients’ deals have been selected as Institutional Investor’s “Deal of the Year,” and Mr. Carey was named as one of the “Top 100 Power Players of Sports” by Business Week in 2007. He was formally an adjunct professor at NYU’s Tisch Center for Hospitality, Tourism and Sports Management teaching “Investment Analysis of Sports Facilities.” Mr. Carey currently serves on the NYU Tisch Center Board, is Vice Chairman of its Advisory Board, and is Chairman of the Children’s Academy, a school for special needs children. Mr. Carey earned an AB in Economics from Harvard College in 1983.