Owl Rock builds up opportunistic strategy

Owl Rock Capital hired Jess Huff, formerly of Oaktree Capital Management, and expanded the role of Nicole Drapkin in an expansion of the New York alts firm’s strategy. The pair will be co-heads of opportunistic investing at Owl Rock. The co-founders of Owl Rock – Douglas Ostrover, Marc Lipschultz and Craig Packer – said in a press statement that they had long ago identified opportunistic investing as an important element of the firm’s long-term vision and the current market conditions make it an attractive and relevant today. Huff and Drapkin they said have the right mix of experience to capitalize on compelling investment opportunities while providing an even more comprehensive suite of capital solutions to borrowers and financial sponsors. Huff had been a managing director and member of Oaktree’s Strategic Credit platform, where he had been focused on opportunistic credit since 2014. Prior to Oaktree, he was the global head of distressed debt trading and sourcing at The Carlyle Group following a 12-year career at Bank of America Merrill Lynch where he held a variety of positions across the risk arbitrage and special situations desks. Drapkin has been with Owl Rock since its inception nearly five years ago. She has helped design and implement the investment framework and process that has helped the $17 billion firm’s growth and has bene responsible for originating, researching and structuring a wide range of investments. Prior to Owl Rock she was in the principal credit investments group at the Canadian Pension Plan Investment Board.

Owl Rock builds up opportunistic strategy

Continue Reading With a Free Trial

Due diligence vet Randy Shain joins Hilton Global

Former Bessemer CIO joins Bridgewater

Welcome to Alternatives Watch

Buck hires former AndCo exec for manager research

Hybrid VC Firm rolls out second cannabis fund

Legendary trader Salem Abraham opens Fortress strategy to outside investors

HFR: HFs see first quarterly net inflow in two years

CSAM partners for sustainability platform

LLR closes latest fund with $1.8bn

Due diligence vet Randy Shain joins Hilton Global

PayPal’s crypto move wins investor support for digital currencies

Continue Reading With a Free Trial

Be an Alts Watcher

Subscribe to our mailing list and know first!

Cornell endowment halts fossil fuel investments

Canyon Capital healthcare specialist joins health tech start-up

Related Articles

Get our daily news digest in your inbox

Get our daily news digest
in your inbox