$14bn+ AUM1
Long-term Capital: 90% has a tenor greater than 2-Years
1AUM as of Jan-2020
Institutional Investors
85% of client base are pensions, sovereign wealth funds, endowments and insurers
To create client value with differentiated product, global reach and operational scale
100+ Globally
Over 50% non-investment professionals to foster balance and control
25-Years of Success
Jim and Jon’s record of success in global credit markets runs deep. The Firm’s continued performance is rooted in the knowledge and expertise cultivated throughout their partnership
100% Employee Controlled Firm
A Partnership Group who collectively represent decades of experience managing investment teams together. The stability of this Partner Group is the nucleus that drives Napier Park’s Culture
Industry Leadership
Won Credit Fund of the Year 2 of last 3* in addition to numerous strategy specific recognitions (*Institutional Investor: 2018, 2016)
Fill the gap between Fixed Income and equity with stable, reliable and attractive returns whose modest volatility mimics fixed income.
Partner with management teams in North America and Europe who thrive across market cycles; taking a differentiated approach to risk mgmt. and process based decision-making.
Seeking cash generating, essential-use transportation and industrial assets, our strategy aims to benefit investors with current cash yield while preserving appreciable upside.
The Napier Park Partnership formed under the leadership of Jonathan Dorfman and James M. O’Brien. Having worked together for over 25 years, Jim and Jon’s partnership of success began well before Napier Park. They have dedicated their careers to Global Credit Markets. The Firm’s success stems from this deep knowledge and expertise cultivated throughout their partnership together.
They assembled a Partnership Group who collectively represent decades of experience managing investment teams together. The stability of this Partner Group is the nucleus that drives Napier Park’s Culture: Client First, Performance Driven, Integrity and Teamwork.
Jon Dorfman co-founded Napier Park. Prior to Napier Park, Jon was the Co-CEO & CIO of the alternative investment division within Citigroup: Citi Capital Advisors. He achieved this position through Citigroup’s acquisition of Carlton Hill, a firm he Co-founded with Jim in 2005.
Prior to founding Carlton Hill, Jon spent 20 years leading global investments at Morgan Stanley including Co-Head of Global Investment Grade Credit and Head of Global Credit Derivative and Asset Swap Trading.
Jon has an extensive record of innovation and performance. He was responsible for the first standardized credit default swap contract, a market leader in Credit Indexing (Tracers and CDX) and a pioneer in Credit Market Risk Tranches.
Jon holds a BSE, Magna Cum Laude, from the Wharton School of Business at the University of Pennsylvania.
Jim O’Brien co-founded Napier Park. Prior to Napier Park, Jim was the Co-CEO of the alternative investment division within Citigroup: Citi Capital Advisors. He achieved this position through Citigroup’s acquisition of Carlton Hill, a firm he Co-founded with Jon in 2005.
Preceding Carlton Hill, Jim spent 19 years leading global divisions at Morgan Stanley including Co-Head of Global Corporate Credit, Co-Head of Global Investment Grade Credit, Head of Global Cash Corporate Trading, Head of Global Credit Research and Head of European Corporate Bond and ABS Trading. He was also a member of the US International Sales and Product Management Group.
Jim holds a BS in Finance from The Stillman School of Business at Seton Hall University.
Napier Park Invests heavily in our People, Process and Systems to enhance capabilities and secure results for our clients.
Attracting and retaining Top Talent to create a stable and high-performing atmosphere. Over 50% of staff is non-investment professionals, fostering balance and control.
Our Institutional Grade Processes foster consistency without stifling creativity. We follow the Operations Control Framework (ORCA); utilizing independent and third Party oversight.
We take a Systems First approach to enable data modeling, analytics, client experience and operational control. We use industry-leading software coupled with robust, internally developed technology to power our infrastructure.
March 05, 2021
Napier Park’s credit strategy claimed the top spot in the Creditflux 2020 HF rankings. The Napier Park strategy invests across the junior CLO space, leveraged loans and high yield. Napier Park partly credits its 2020 high performance to early and active de-risking, raising cash and hedging pre-Covid. They began to buy and extract liquidity premium at the market bottom and captured multiple legs of the recovery by continually rotating into lagging assets as the recovery gained pace. The strategy also does not use leverage and was not under any pressure to sell assets at any time, instead it had ample liquidity...March 05, 2021
Credit hedge fund managers which were able to assess rapid fluctuations across markets and react accordingly performed best last year. Conservative positioning in Q1 also helped generate...September 21, 2020
Credit managers have come into their own since the global financial crisis. First it was the search for yield as interest rates headed towards zero around the world. Now it is more about diversification, protection – particularly against another correction in equity markets – and opportunities to produce...May 28, 2020
Henley CLO II, a cash flow collateralised loan obligation managed by Napier Park Global Capital, was launched on May 28, 2020. Net proceeds from the issuance of notes will be used to purchase a €200m portfolio of predominately first lien European senior secured...January 14, 2020
Napier Park Global Capital (“Napier Park”), an alternative asset management platform with more than $14 billion in assets under management, today announced that Nadja Marcoz was named a Partner of the firm. Marcoz is based in Napier Park’s New York...January 08, 2020
Napier Park Global Capital has emerged as the winner for a highly sought-after $500 million illiquid credit mandate for Los Angeles County Employees Association, according to recently released board documentation. The strategy will be awarded in the form of a separately managed account and performance will be benchmarked against Bloomberg Barclays US Aggregate plus 250 basis...December 19, 2019
Regatta XVI Funding Ltd, a cash flow collateralized loan obligation managed by Regatta Loan Management, and for which Napier Park Global Capital acts as staff and services provider as well as structuring and advisory services provider, was launched on December 19, 2019. Net proceeds from the issuance of notes will be used to purchase a $600 million portfolio of predominately first lien senior secured loans. A link to the Moody’s presale report can be found...November 07, 2019
Head of structured credit at Napier Park Global Capital, Serhan Secmen, will be spending 21 November sleeping out. He’s not being evicted – rather he’s volunteering to raise money in support of homeless...October 15, 2019
Regatta XII Funding Ltd, a cash flow collateralized loan obligation managed by Regatta Loan Management, and for which Napier Park Global Capital acts as staff and services provider as well as structuring and advisory services provider, was launched on October 15, 2019. Net proceeds from the issuance of notes will be used to purchase a $400 million portfolio of predominately first lien senior secured loans. A link to the Moody’s presale report can be found...June 07, 2019
Henley CLO I, a cash flow collateralised loan obligation managed by Napier Park Global Capital, was launched on June 7, 2019. Net proceeds from the issuance of notes will be used to purchase a €400m portfolio of predominately first lien European senior secured...February 19, 2019
Napier Park Global Capital (“Napier Park”) today announced that Joseph Lane has been named Vice Chairman of the Napier Park and was appointed to the firm’s leadership team as a member of the Management Committee. Lane is currently a Managing Director in the firm’s Real Assets...December 20, 2018
Heritage Global Partners, a worldwide leader in asset advisory and auction services, announced it has entered into a strategic partnership with Napier Park to pursue acquisition opportunities for industrial machinery, equipment, and turnkey manufacturing facilities from U.S. and multinational...December 05, 2018
AAR, a global aviation aftermarket leader, announces the expansion of its commercial aircraft asset management activities by partnering with Napier Park to create a joint venture that will focus on acquiring late life commercial...October 25, 2018
Regatta XV Funding Ltd, a cash flow collateralized loan obligation managed by Napier Park Global Capital, was launched on October 25, 2018. Net proceeds from the issuance of notes will be used to purchase a $600 million portfolio of predominately first lien senior secured loans. A link to the Fitch Ratings New Issue report can be found...September 21, 2018
Serhan Secmen, Head of US CLO Investments, is featured in the 2019 Securitisation & Structured Finance...September 13, 2018
Regatta XIV Funding Ltd, a cash flow collateralized loan obligation managed by Napier Park Global Capital, was launched on September 13, 2018. Net proceeds from the issuance of notes will be used to purchase a $690 million portfolio of predominately first lien senior secured loans. A link to the Fitch Ratings report can be found...July 16, 2018
Regatta XIII Funding Ltd, a cash flow collateralized loan obligation managed by Napier Park Global Capital, was launched on July 16, 2018. Net proceeds from the issuance of notes will be used to purchase a $565 million portfolio of predominately first lien senior secured loans. A link to the Fitch Ratings report can be found...June 28, 2018
Regatta XI Funding Ltd, a cash flow collateralized loan obligation managed by Regatta Loan Management, and for which Napier Park Global Capital acts as staff and services provider as well as structuring and advisory services provider, was launched on June 26, 2018. Net proceeds from the issuance of notes will be used to purchase a $500 million portfolio of predominately first lien senior secured loans. A link to the Fitch Ratings presale report can be found...May 09, 2018
Serhan Secmen, Head of Napier Park US CLO Investments, spoke with Creditflux’s Hugh Minch at the Creditflux Symposium in early May. Serhan discussed his views on the CLO market, including the often misperceived correlation between the CLO arbitrage at issuance and the ultimate return to equity investors. Additionally, Serhan reviewed how Napier Park is approaching the opportunities currently available in junior CLO...March 07, 2018
Ned May, Managing Director for Napier Park’s Financial Partners Growth Equity strategy, spoke to PaymentFacilitator.com about the firm’s views on the payments...December 21, 2017
Regatta X Funding Ltd, a cash flow collateralized loan obligation managed by Regatta Loan Management, and for which Napier Park Global Capital acts as staff and services provider as well as structuring and advisory services provider, was launched on December 21, 2017. Net proceeds from the issuance of notes will be used to purchase a $525 million portfolio of predominately first lien senior secured loans. A link to the Fitch Ratings presale report can be found...September 27, 2017
Regatta VIII Funding Ltd, a cash flow collateralized loan obligation managed by Regatta Loan Management, and for which Napier Park Global Capital acts as staff and services provider as well as structuring and advisory services provider, was launched on September 27, 2017. Net proceeds from the issuance of notes will be used to purchase a $500 million portfolio of predominately first lien senior secured loans. A link to the Fitch Ratings presale report can be found...May 25, 2017
Regatta IX Funding Ltd, a cash flow collateralized loan obligation managed by Regatta Loan Management, and for which Napier Park Global Capital acts as staff and services provider as well as structuring and advisory services provider, was launched on May 25, 2017. Net proceeds from the issuance of notes will be used to purchase a $400 million portfolio of predominately first lien senior secured loans. A link to the Fitch Ratings presale report can be found...March 30, 2017
London, March 30th 2017 - Investors Choice Awards 2017 for the EMEA & APAC region has announced its...October 20, 2016
Regatta VII Funding Ltd, a cash flow collateralized loan obligation managed by Regatta Loan Management, and for which Napier Park Global Capital acts as staff and services provider as well as structuring and advisory services provider, was launched on October 20, 2016. Net proceeds from the issuance of notes will be used to purchase a $400 million portfolio of predominately first lien senior secured loans. A link to the Fitch Ratings new issue report can be found...August 05, 2016
Napier Park Global Capital has emerged as a big winner after the New Mexico Public Employees Retirement Association (Pera) completed the first stage of a major re-allocation to credit. Officials at the pension fund have informed Creditflux that Napier Park has been awarded $300 million for what they describe as a “specialised and complex” credit strategy to invest in “hedged credit”. The strategy will take the form of a managed...May 19, 2016
Regatta VI Funding Ltd, a cash flow collateralized loan obligation managed by Regatta Loan Management, and for which Napier Park Global Capital acts as staff and services provider as well as structuring and advisory services provider, was launched on May 19, 2016. Net proceeds from the issuance of notes will be used to purchase a $400 million portfolio of predominately first lien senior secured loans. A link to the Fitch Ratings presale report can be found...November 02, 2015
NEW YORK--(BUSINESS WIRE)--Napier Park Global Capital (“Napier Park”), a global alternative asset management firm, announced today that Ned May has joined the firm’s private equity group, Napier Park Financial Partners, as a...July 21, 2015
The Seton Hall Board of Trustees has voted to add seven new members to the Board of Regents, one of the university's top governing...July 07, 2015
New York, NY – July 7, 2015 – Napier Park Global Capital (“Napier Park”) announced today that Joseph Lane has joined the firm’s private equity group, Napier Park Financial Partners, as a managing...June 12, 2015
In November 2014, Air Lease Corp (ALC) and Napier Park announced the formation of Blackbird Capital I, a newly formed joint venture to invest in leased commercial aircraft...April 28, 2015
New York – April 28, 2015 – Napier Park Global Capital (“Napier Park”), a global alternative asset management firm, announced today that its Financial Partners business...January 15, 2015
October 14, 2014 was a day of misery for many hedge funds. Managers were desperately trying to cut losses and...November 06, 2014
Regatta V Funding Ltd, a cash flow collateralized loan obligation managed by Napier Park Global Capital, was launched on November 6, 2014. Net proceeds from the issuance of notes will be used to purchase a $500 million portfolio of predominately first lien senior secured loans. A link to the Fitch Ratings reports can be found...July 22, 2014
Redemption Schedule Began in March 2013 when Napier Park Completed its Spinout from...July 22, 2014
Citigroup’s $6bn hedge fund spin-off Napier Park took a further step towards independence on Tuesday as the US bank removed the last remnants of proprietary capital invested in its...July 08, 2014
NEW YORK, NY – July 8, 2014 – Napier Park Global Capital (“Napier Park”) announced today that Dan Kittredge has joined the firm’s private equity group, Napier Park Financial Partners, as a managing...June 26, 2014
Regatta IV Funding Ltd, a cash flow collateralized loan obligation managed by Napier Park Global Capital, was launched on June 26, 2014. Net proceeds from the issuance of notes will be used to purchase a $600 million portfolio of predominately first lien senior secured loans. A link to the Fitch Ratings report can be found...May 17, 2014
Napier Park European Credit Opportunities Fund was ranked #7 in Barron’s Top 100 Hedge Funds. For more...May 12, 2014
NEW YORK – May 12, 2014 – Napier Park Global Capital LLC (“Napier Park”), a global alternative asset management firm, announced today that its Financial...March 27, 2014
Regatta III Funding Ltd, a cash flow collateralized loan obligation managed by Napier Park Global Capital, was launched on March 27, 2014. Net proceeds from the issuance of notes will be used to purchase a $475 million portfolio of predominately first lien senior secured loans. A link to the Fitch Ratings report can be found...March 26, 2014
London, 26 March, 2014 – HedgePo, the invitation-‐only hedge fund and investor web portal, has announced the...February 25, 2014
Jim O’Brien, senior managing partner at Napier Park Global Capital LLC, spoke to Bloomberg’s Kelly Bit about the firm’s...January 14, 2014
Napier Park Global Capital (“Napier Park”), a global alternative asset management firm, today announced that John P. Havens has joined the firm as partner and non-executive...January 13, 2014
Napier Park Global Capital, a global alternative asset management firm, announced today that its European Credit Opportunities fund has been named 2013 Credit Fund of the Year by...January 01, 2014
With a strategy that profits from pricing anomalies in credit derivatives, six years after its founders were persuaded to set up shop...September 25, 2013
How to Value CLO Managers: Tell me who your manager is, I'll tell you how your CLO will...September 10, 2013
NEW YORK – September 10, 2013 – Napier Park Global Capital (“Napier Park”), a global alternative asset management...July 25, 2013
Reval, a leading global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury...May 18, 2013
Hedge-fund manager Christian Zugel has made a mint in mortgage-backed securities, and he has also been wheeling and...May 08, 2013
Napier Park Global Capital, the $6.8 billion hedge fund spun out of Citigroup Inc., is investing $362 million in a railcar leasing venture, betting on an industry favored...March 01, 2013
NEW YORK – March 1, 2013 – Napier Park Global Capital, a global alternative asset management firm,...