$20bn AUM1
Long-term Capital: 90% has a tenure greater than 2-Years
1AUM as of June-2023
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
A Senior team who collectively represent decades of experience managing investment teams together. Team cohesion 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)
Attempts to 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 renewable energy assets, our strategy aims to benefit investors with current cash yield while preserving appreciable upside.
Napier Park 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 team who collectively represent decades of experience managing investment teams together. The stability of this team 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.
01.08.2024
Noelle Sisco, Managing Director and Portfolio Strategist at Napier Park joins CJ Doherty to discuss the outlook for the structured credit market as we head into 2024. “The big question mark for the U.S. consumer will be the trajectory of unemployment,” said Sisco. “Going forward into 2024, on the corporate side, we expect to see a continuation of elevated defaults with lower than historical recovery levels as we saw in...12.15.2023
The eclectic nature of US securitization left some sectors of the market flourishing and others floundering in 2023. Ayse Kelce, Kunyi Yang and Tom Lemmon look at which corners of the market have reason for cheer and whether there’s an expectation of a turnaround in sluggish or struggling...12.11.2023
Napier Park Global Capital (or “the Firm”), a First Eagle Company and leading alternative credit platform with approximately $19.5 billion in assets under management, today announced it has been recognized by Pensions & Investments in their 2023 Best Places to Work in Money Management awards in the 50-99 headcount...03.17.2023
02.06.2023
Managing Principal Jim O’Brien and Managing Principal and Chief Investment Officer Jon Dorfman share their initial experiences operating as part of First Eagle and their thoughts on alternative credit markets in...08.01.2022
First Eagle Investments (“First Eagle”) today announced that it has completed the previously announced acquisition of leading alternative credit manager Napier Park Global Capital (“Napier Park”). As of June 30, 2022, Napier Park managed approximately $19.5 billion through credit funds, US and European collateralized loan obligations (CLOs), and real assets, predominantly for ...07.25.2022
Lynher Energy (“Lynher”) today announced it has acquired rights to build two solar battery farms, in aggregate of 96MW, and two independent battery facilities, in aggregate of 100MWh, at adjacent sites in the UK. Lynher Energy is a joint venture between aNapier Park Global Capital (“Napier Park”) and Ethical Power (“Ethical Power”) and focuses on developing and managing solar power generation and battery-storage...07.18.2022
Napier Park Global Capital (“Napier Park”) today announced that C. Lance Davis, most recently Treasurer at Trinity Industries, Inc. (“Trinity”), will join the firm as a Managing Director and senior member of Napier Park’s Real Assets investment...06.28.2022
In this interview, Jon explains how contingent capital structures can provide an investment edge in times of distress. Jon Dorfman is one of the smartest people in the business. We hear his thoughts on the current market volatility and his insight into potential future...03.30.2022
First Eagle Investments (“First Eagle”) today announced a definitive agreement to acquire Napier Park Global Capital (“Napier Park”), a leading alternative credit manager with approximately $18.7 billion in assets under management as of December 31, 2021, predominantly for institutions through credit funds, US and European collateralized loan obligations, and real...03.22.2022
Napier Park Global Capital, a global alternative credit management firm, announced today that its European Credit Strategy was named winner in the category “Credit - Over USD 500mln” at the With Intelligence EuroHedge Awards 2021. 1 The awards ceremony took place on March 17, 2022 at the JW Marriott Grosvenor House on Park Lane, bringing together leading figures from the hedge fund...03.07.2022
Napier Park’s Jon Dorfman, CIO, and Jim O’Brien, CEO, spoke to Bloomberg's Lisa Lee covering their current outlook and positioning in light of recent market volatility. Visit the link and scroll to read the full interview:...01.20.2022
New joint venture, Lynher Energy, will invest in large-scale green energy assets amid global net-zero...01.11.2022
Napier Park Global Capital (“Napier Park”) today announced that Joe Lane, based in the firm’s New York office, and Julia He, based in the firm’s London office, have been named Partners of the...01.03.2022
Joe Lane sat down with ABL Advisor’s Michael Toglia for an in-depth discussion on Napier Park’s Real Assets business and shared his thoughts on the current investing environment and opportunities that exist...12.03.2021
Serhan Secmen Featured on Creditflux Podcast – Tailwinds fueling the CLO market are masking manager...10.25.2021
Each year, StreetWise pairs 600 individuals from the communities it serves in New York, Washington D.C., and Detroit with mentors to help them find careers and professional...09.09.2021
Napier Park Global Capital, a global alternative credit management firm, announced today that its European Credit team has been named “Best European Boutique CLO Manager” at the Creditflux Manager Awards...08.16.2021
Following a tumultuous year across credit, CLO managers, credit fund and direct lending managers will be returning to Creditflux’s annual awards evening to recognise those who have weathered tough conditions and come out on...07.26.2021
Napier Park Global Capital, a global alternative credit management firm, announced today that its European Credit team has been named the winner for category of Credit LongTerm Performance at the prestigious HFM European Performance Awards...07.01.2021
Blackbird Capital II LLC (“Blackbird”) announced today that Blackbird Capital II Aircraft Lease Limited (“BBIRD Cayman”) and Blackbird Capital II Aircraft Lease US LLC (“BBIRD USA”, and collectively, the "Issuers") have closed a $745,000,000 Fixed Rate Notes offering, comprised of US$630,000,000 of 2.443% Series A Fixed Rate Notes ("Series A Notes") and US$115,000,000 of 3.446% Series B Fixed Rate Notes ("Series B Notes", and together with the Series A Notes, the “Notes”). The Cayman Issuer also issued a Series E Note representing the equity interest in BBIRD Cayman, which was acquired by...03.05.2021
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...03.05.2021
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...09.21.2020
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...05.28.2020
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...01.14.2020
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...01.08.2020
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...12.19.2019
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...11.07.2019
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...10.15.2019
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...06.07.2019
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...02.19.2019
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...12.20.2018
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...12.05.2018
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...10.25.2018
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...09.21.2018
Serhan Secmen, Head of US CLO Investments, is featured in the 2019 Securitisation & Structured Finance...09.13.2018
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...07.16.2018
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...06.28.2018
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...06.28.2018
Napier Park Global Capital, a global alternative asset management firm, announced today that it has been named the 2018 Credit-Focused Hedge Fund Manager of the Year by Institutional...05.09.2018
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...12.21.2017
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...09.27.2017
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...05.25.2017
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...03.30.2017
London, March 30th 2017 - Investors Choice Awards 2017 for the EMEA & APAC region has announced its...02.09.2017
Blackbird ABS Named Overall Deal of the Year by Aviation Economics; and Global Transport Finance Awards NP Rail 2016-1 Transaction Deal of the...01.20.2017
Napier Park Global Capital, a global alternative asset management firm, announced today that its European Credit Opportunities Fund has been awarded the prestigious 2016 Long-Term Performance Award by...10.20.2016
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...08.05.2016
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...06.10.2016
Napier Park Global Capital, a global alternative asset management firm, announced today that its European Credit team has won four awards in the first half of 2016 for the performance of their European Credit Opportunities...05.19.2016
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...07.21.2015
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...07.07.2015
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...06.12.2015
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...04.28.2015
New York – April 28, 2015 – Napier Park Global Capital (“Napier Park”), a global alternative asset management firm, announced today that its Financial Partners business...01.15.2015
October 14, 2014 was a day of misery for many hedge funds. Managers were desperately trying to cut losses and...01.13.2015
Napier Park Global Capital, a global alternative asset management firm, announced today that is has been named 2015 Hedge Fund Manager of the...11.06.2014
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...07.22.2014
Redemption Schedule Began in March 2013 when Napier Park Completed its Spinout from...07.22.2014
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...06.26.2014
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...05.17.2014
Napier Park European Credit Opportunities Fund was ranked #7 in Barron’s Top 100 Hedge Funds. For more...05.12.2014
NEW YORK – May 12, 2014 – Napier Park Global Capital LLC (“Napier Park”), a global alternative asset management firm, announced today that its Financial...03.27.2014
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...03.26.2014
London, 26 March, 2014 – HedgePo, the invitation-‐only hedge fund and investor web portal, has announced the...02.25.2014
Jim O’Brien, senior managing partner at Napier Park Global Capital LLC, spoke to Bloomberg’s Kelly Bit about the firm’s...01.13.2014
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...01.01.2014
With a strategy that profits from pricing anomalies in credit derivatives, six years after its founders were persuaded to set up shop...09.25.2013
How to Value CLO Managers: Tell me who your manager is, I'll tell you how your CLO will...09.10.2013
NEW YORK – September 10, 2013 – Napier Park Global Capital (“Napier Park”), a global alternative asset management...07.25.2013
Reval, a leading global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury...05.18.2013
Hedge-fund manager Christian Zugel has made a mint in mortgage-backed securities, and he has also been wheeling and...05.08.2013
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...03.01.2013
NEW YORK – March 1, 2013 – Napier Park Global Capital, a global alternative asset management firm,...