Michael Lee Clofine is the Chief Executive Officer of Steel Pier Capital, an operationally driven private equity firm that partners with management and provides functional expertise and hands–on operating experience to its portfolio companies. A 15-year veteran of Wall Street, Mr. Clofine has held numerous senior positions within the institutional markets and trading groups at several firms, including Jefferies & Company, Lehman Brothers, Warburg Dillon Read, and UBS. During his tenure, Mr. Clofine was responsible for advising institutions, corporations, and family offices on investment strategy and providing assistance in the efficient monetization of investments and the structuring of alternative asset products. Mr. Clofine has structured and placed hundreds of transactions with aggregate deal proceeds in excess of the billions. He is particularly adept at discovering nascent opportunities in the media and entertainment space and was instrumental in the early funding of several successful international restaurant and entertainment ventures.
One of those restaurant investments is the popular and well know Sushi Samba, offering a unique blend of Japanese, Brazilian and Peruvian cuisine. Sushi Samba originated with one restaurant in New York City and over the years expanded into several locations and multiple cities: New York, Miami, Chicago, Las Vegas and London. A foreign investment fund recently purchased interests from investors and has made the commitment to expand the brand into new cities around the world.
Mr. Clofine takes an active role with the management teams of his portfolio companies and currently sits on the board of Digital Ignition, an investment vehicle that looks to invest in technology platforms and through its subsidiary Digital Ignition Entertainment, is a producer and financier of independent films, film series, and other types of content. Digital Ignition has already made investments in a virtual reality company, both on the content and technology side, and has made an investment into Unreel Entertainment, a social video company which uses data to mine the most memorable moments in video and through its proprietary platform hosts content for publishers and content creators.
He executive produced Sundance Film nominated “For Ellen” staring Dakota Johnson, Paul Dano, and Jenna Malone, and just this year, “Dixieland” which was nominated and competed as one of only twelve films in competition at Tribeca Film Festival in New York City with the cast of Faith Hill, Riley Keough, Chris Zylka, and RJ Mitte.
Mr. Clofine is a co-founder and past board member of REVH2O, a water solutions innovator focused on serving the water needs for the emerging development of unconventional shale formations in the Marcellus, Bakken, and Eagle Ford regions as well as its subsidiary REVLNG, a fluid transport solutions and logistic service provider. REVH2O is also partnered with Ridge Global Advisors, a strategic consulting firm that is founded and led by the twice elected two-term Governor of Pennsylvania and first U.S. Secretary of Homeland Defense, the Honorable Thomas Ridge.
Mr. Clofine serves as a Director of The New York Law Enforcement Foundation and a board member of his 100 year old family business, Clofine Dairy & Food Products, a manufacturer and distributor of dairy products and proteins both within the United States and Internationally. He is one of the founders of the Core Club in New York City and among his various charitable work, is on the Board of Directors at ONEXONE, a 501© organization with the mission to help improve the lives of children in Canada, the USA and around the world. Mr. Clofine earned a Bachelor’s Degree in Business Management from Ithaca College. He resides in New York City with his wife and his two children.