Kern is a founder and General Partner of Kern Whelan Capital, LLC.
to founding Kern Whelan in early 2007, Jay spent over a decade in private equity investing
as Managing Director of Reynolds,
DeWitt & Co. in Cincinnati, where from 2001 he led all acquisitions and venture
financings. One of Reynolds, DeWitt's more notable holdings is the St.
Louis Cardinals, acquired in 1996 from Anheuser Busch by a group led by
Bill DeWitt, Co-Chairman of Reynolds, DeWitt. During his time sourcing, structuring and financing investment
transactions while at Reynolds, DeWitt, Jay served
as Chairman of the Board of Tech Lighting from 1998 to 2004 and led the equity investment in and purchase of this Chicago based manufacturer of
architectural lighting systems. The Tech sale provided a net return of over
twenty times invested capital. Jay's early stage investment in Provider
Synergies, a pharmaceutical services business sold in early 2006, led to a
net return of over twenty five times invested capital.
to joining Reynolds, DeWitt in 1997, Jay was with McKinsey & Company as
a management consultant to manufacturing and financial services firms.
Jay serves or has served on the boards of numerous
portfolio companies, among them, Pallet Logistics of America, a
manufacturer and distributor of pallets; Cohera
Medical, a medical device company located in Pittsburgh, PA; Arcadia Communications, a
developer of and owner of cellular communications towers; Shopatron, Inc.,
an ecommerce solutions provider; and
Tab Products, a $100 million manufacturer of document management systems. Jay
acts as a board observer for Quri. Jay was also a member of the Industry Trade Advisory Committee on Services and
Financial Industries, which is administered jointly by the US Department of
Commerce and the US Trade Representative.
Jay serves as a trustee of the San Francisco Art Institute and on the Audit Committee for the UCSF Foundation. He has also served as a board member of the Bay Area Discovery
Museum and as President of the Ross School Foundation. Among Jay's many charitable involvements
in Cincinnati, he served as a Trustee of the Cincinnati Symphony, Trustee
and development Chair of the Cincinnati Contemporary Arts Center, Trustee
and Treasurer of The Taft Museum, and Trustee of the Visiting Nurse
Association. Jay served as President of his class at Phillips Exeter
Academy and chaired his 25th and 30th reunion giving campaigns.
Jay received a JD and MBA with Honors from the
University of Chicago and his BA cum laude from Princeton University. He
lives with his wife and three young children in Marin. Jay enjoys golf and many
other outdoor sports, classical music and fine arts.