Early Career and Finding His Passion
Daniel Hennessy, MBA ’81, began his finance career at Continental Illinois National Bank after graduating from the Ross School of Business. This opportunity allowed him to build on his business education and develop a passion for investing.
Founding CHS Capital
In 1988, Hennessy co-founded CHS Capital LLC, a private equity firm that grew to manage over $1 billion in funds by 2005. Despite the firm’s success, the Great Recession led to its winding down in 2013.
Reinventing His Career with Hennessy Capital Group
At 55, Hennessy started over, founding Hennessy Capital Group. He focused on special purpose acquisition companies (SPACs) to invest in sustainable businesses. His first successful SPAC was Blue Bird Corp., which converted school bus fleets to low and zero-emission power trains.
Inspiration from His Son
Hennessy’s son, Jonathan, inspired his interest in climate tech investing. Jonathan’s work in climate technology helped Hennessy develop a new investment strategy focused on decarbonization and energy transition.
Future Goals and Recent Success
Hennessy Capital Group has sponsored 16 SPACs in the past decade. Their latest merger with Namib Minerals aims to create jobs and improve living standards in Zimbabwean mining communities. Hennessy credits his success to his professional network, family, and support from Michigan Ross professors.
Giving Back
Hennessy remains active with Michigan Ross, serving on the Alumni Board of Governors and creating endowed scholarships to support future business leaders.
Advice for Aspiring Investors
Hennessy advises, “If 90% of success in life is showing up, the other 10% depends on what you are showing up for.”
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