In October the Northwestern Alumni Association will bestow its greatest honor — the Alumni Medal — on four alumni for their professional achievement and service to the University.
T. Bondurant “Bon” French ’75, ’76 MBA
Investing in Success
Even as a boy growing up in Peoria, Ill., in the early 1960s, Bon French had his eye on Northwestern.
“I knew it was an outstanding school,” says French, whose parents met and earned their undergraduate degrees at the University. French remembers paging through Northwestern alumni magazines and seeing pictures of the brand-new Lakefill, a project that nearly doubled the size of the Evanston campus. “I thought, ‘This is a progressive university that is expanding and building for the future,’” he says.
As an undergraduate, French majored in economics in the Weinberg College of Arts and Sciences. He joined the swim team and Beta Theta Pi fraternity. French was also accepted into a 3-2 program, which enabled him to earn both his bachelor’s degree and his MBA from the Kellogg School of Management in just five years.
“Kellogg was a great experience — it changed my life for sure,” French says. Rigorous courses in management, leadership, accounting, organizational behavior, finance and more prepared him for a business career. After graduation, when French joined the bond department at Connecticut General Life Insurance Co., “everything I’d learned in school was directly applicable to my work,” he says.
Since 1980 French has enjoyed a remarkable career at Adams Street Partners, a pioneer in the field of private equity and venture capital. Under his leadership as CEO, executive chairman and now chairman, the company has become one of the most respected private-markets investment management firms, growing from a single office in Chicago to 15 locations around the world. With more than $63 billion in assets under management, Adams Street consistently delivers high returns to clients.
Whether French is managing a large global buyout or raising venture capital for a startup, working with privately held companies holds a special appeal. “I love that we have to think long-term,” he says. “We’re making commitments to companies, funds and partnerships that can go on for 15 or 20 years. We have to stay involved with each business and make it better.”
French has stayed involved with Northwestern, too, as an extraordinarily committed volunteer since 1996. He was appointed to the Board of Trustees in 2004, chairing the investment committee from 2014 to 2020, and became a life trustee in 2023. From 2019 to 2021 he co-chaired We Will. The Campaign for Northwestern, which significantly increased student financial aid and expanded Northwestern’s research enterprise.
Today he is a member of both the Kellogg School of Management’s Full Circle Campaign Committee and Global Advisory Board. French has served on more than two dozen committees at Northwestern, chaired several undergraduate and Kellogg class Reunions, and been a frequent guest lecturer at the University.
Together with his late wife, Hollis “Holly” S. French, he has made significant gifts to Northwestern. Their philanthropy has included a transformational bequest commitment that will benefit Kellogg and other University programs, as well as additional gifts to Kellogg, Weinberg College, Athletics and Recreation, and other areas. Through his philanthropy and service, French hopes to make Northwestern a better place. Evoking the optimism he has felt about the University since childhood, he says, “I’m excited for Northwestern’s future. It’s clearly an institution that has been and will continue to be on the rise.”
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