Mr. Stephen Rader was a Co-Founder and Managing General Partner at Clarity Partners. He serves as President at Caruso-TPG Partners. Prior to the formation of Clarity Partners, Mr. Rader co-founded Rader Reinfrank & Co. (1997), a $100 million Los Angeles-based private equity fund. Prior to co-founding Rader Reinfrank, Mr. Rader was the Managing Director of Chartwell Partners, a private investment firm controlled by A. Jerrold Perenchio, which focused on investment, acquisition, and advisory activities in the communications industry. During his tenure at Chartwell Partners, Mr. Rader led the acquisition of Univision Communications and its subsequent initial public offering. Prior to joining Chartwell Partners in 1989, Mr. Rader was a Managing Director in the investment banking group at Bear, Stearns & Co., where he acted as the lead investment banker on a broad range of acquisition, restructuring, and financing transactions. From 1981 to 1986, Mr. Rader practiced as a corporate securities attorney and a Certified Public Accountant. Mr. Rader holds a Bachelor of Science degree in Business Administration with a major in Accounting from the University of Southern California School of Business where he graduated magna cum laude, and a Juris Doctorate from the University of Southern California School of Law where he graduated Valedictorian. Mr. Rader also served as a Director on the Boards of BASE Entertainment, Crescent Entertainment, ImpreMedia and previously at TPx Communications.