Aggie pride runs deep in the heart of Lou Paletta ’78, Senior Managing Director of Investor Relations at Lone Star Funds. Paletta recently visited Mays Business School to speak with Business Honors students about his experience in the finance and investment arena, as well as his deep-rooted love for Texas A&M University.
Paletta graduated from Texas A&M with an accounting degree before venturing into public accounting, working for Deloitte & Touche. His job eventually took him to California, where he met and married his wife.
Lou Paletta ’78 told Mays Business Honors students, “ultimately the people you work with and the culture of the company make a difference.” (view more photos)
In 1993, the San Antonio native took a job back in Texas with Lone Star Funds, a global private equity investment firm with aggregate capital commitments totaling more than $33 billion, according to the company’s website. At Lone Star, Paletta’s position involves establishing new sources of capital as well as managing relationships between the company and investors. Lone Star Funds focuses on “distressed investing,” and Paletta says the company “likes being in the debt space.”
With a wealth of experience behind him, Paletta had a valuable piece of advice for the business honors students: “Don’t get consumed with the resume and miss the ride.” He spoke with the students about the “journey” of his career, advising the students to “listen a lot, and learn a lot” from those around them.
Part of Paletta’s personal learning process has been travelling the world with Lone Star. “I’ve been everywhere,” he says, “and my perception of America changes the more I spend time with different cultures.” Paletta’s career has taken him to places like Europe, Japan, the Middle East and most recently, Australia and New Zealand.
Paletta tells students to “find the right fit,” referring to their current or impending job search. “Don’t get overly consumed in the prestige of a job, because it’s ultimately the people you work with and the culture of the company that makes a difference.” Paletta says Lone Star’s own culture of maintaining a “flat organizational structure” suits him well, because he’s “never been big on titles.”
Paletta currently serves on the board of directors for the 12th Man Foundation, as well as the Dean’s Development Council for Mays Business School. A strong believer in Aggie values and education, Paletta urges students to take advantage of the Aggie networkâ€””The relationships built during and after school will be a big part of your life.”