Key Takeaways
- Geography: United States.
Analysis
New York-based Blue Owl Capital has made a significant hiring move by appointing Chris Eby, the former Co-Head of Asset Management Investment Banking at Goldman Sachs, as their new Head of Strategy and Corporate Development. This news was reported by Bloomberg on May 22, 2024.
Chris Eby is expected to join Blue Owl in September, as confirmed by sources mentioned in the Bloomberg report. Eby started his career at Goldman Sachs as a managing director in 2021 after transitioning from Credit Suisse. He recently held the position of Co-Head of Asset Management Investment Banking alongside Kyle Van Fleet at Goldman Sachs.
Blue Owl Capital is the process of raising $13 billion for its GP stakes fund Blue Owl GP Stakes Fund VI.
Blue Owl Capital, led by co-chief executive officers Doug Ostrover and Marc Lipschultz, has been actively expanding its portfolio. In a recent move, the firm agreed to acquire Kuvare Asset Management and real estate lender Prima Capital Advisors.
Chris Eby's Background and Experience
Before joining Blue Owl, Chris Eby had a successful career at Goldman Sachs and Credit Suisse. At Goldman Sachs, he served as the Managing Director and Co-Head of Asset Management Investment Banking for the Americas. Prior to that, he held various roles in Investment Banking with a focus on Financial Institutions.
During his tenure at Credit Suisse, Eby was the Managing Director and Head of Asset and Wealth Management for the Americas in the Investment Banking division. He also served as the Co-Head of Specialty Finance for the Americas, showcasing his expertise in different areas of the financial sector.
The move by Blue Owl Capital to hire Chris Eby from Goldman Sachs demonstrates the firm's commitment to strategic growth and development. With Eby's extensive experience and leadership skills, he is expected to play a key role in shaping the future direction of Blue Owl's investment strategies and corporate initiatives.
Overall, the addition of Chris Eby to Blue Owl Capital represents a significant milestone for the firm as it continues to strengthen its position in the alternative asset management industry.