Fatal shooting at Conn property of NY banker


Connecticut police say a woman is believed to have killed herself on the property of Ducera Partners' founder Michael Kramer.

A woman is believed by police to have fatally shot herself at a sprawling Connecticut residential property that is owned by New York investment banker Michael Kramer of Ducera Partners.

Investigators tentatively determined that the death was a suicide, pending a report from the medical examiner's office, New Canaan Police Chief Leon Krolikowski said.

Kramer, 47, is not a suspect in the death, and neither he nor his family was at the property at the time of the shooting, according to police. The property has up to nine houses on it, according to sources who spoke with CNBC.

Wednesday morning, New Canaan police said they received a call at about 1:30 p.m. Tuesday that a woman — later identified as 41-year-old Heather Sturtz of Queens, New York — was "armed with a handgun and threatening suicide."

"Sturtz was reported to be on the property of a private residence located at 721 North Wilton Road," Krolikowski said. "Arriving officers located Sturtz and found that the she had a single gunshot wound. Sturtz was treated at the scene but did not survive."

A friend of Michael Kramer said Kramer and his immediate family had been out of the country when the shooting occurred and learned about it when they returned Tuesday night.

"No member of the Kramer family was involved or injured in the incident," the friend said. "It wasn't in Mike's house."

"They had no idea" what had happened, the friend said. "They are obviously upset about the incident." The friend said that Kramer has two young children.

A lawyer for Kramer, Lisa Solbakken, said, "I'm aware of it" when asked about the shooting but she declined to comment further.

Kramer's 7.7-acre property is one of the most valuable in New Canaan, according to the New Canaan News. The newspaper noted that the property is assessed at $14.5 million and has a 41,000-square-foot main house.

Clients of Kramer's firm include a group of hedge funds that own Puerto Rico-issued debt, according to published reports.

According to Kramer's biography on Ducera's website, Kramer was a founding partner of Kramer Capital Partners and had been a partner at Greenhill. He also worked at Perella Weinberg.

Perella Weinberg last fall sued Kramer and three other former partners who had formed Ducera, alleging they had set up Ducera while still being employed at Perella Weinberg, and that they had tried to entice other members of their team to join Ducera.

In an interview with The New York Times after the complaint was filed, Solbakken called the lawsuit "nonsense."

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