Early Life
Doug Ostrover was born in New York City and grew up in Franklin Township, New Jersey. He graduated from the University of Pennsylvania's Wharton School with a degree in Economics and later received an MBA from New York University Stern School of Business.
Rise to Success
Ostrover began his career at E.F. Hutton in the industrial revenue bonds department. He then joined Donaldson, Lufkin & Jenrette (DLJ) in 1992, becoming a Managing Director in charge of High Yield and Distressed Sales, Trading, and Research. When DLJ was acquired by Credit Suisse First Boston (CSFB), he became the Chairman of the Leveraged Finance Group and Global Co-Head of the Leveraged Finance Group. In 2005, Ostrover co-founded GSO Capital Partners, Blackstone's alternative credit platform, where he was a Senior Managing Director until 2015. In 2016, Ostrover co-founded Owl Rock Capital, which merged with Dyal Capital to form Blue Owl Capital, taking the company public in 2021. He currently serves as Co-Chief Executive Officer of Blue Owl Capital Inc. and the chairman of the firm's board of directors.
Key Business Strategies
Ostrover's business strategy has focused on building a strong presence in private credit and alternative investments. His moves from DLJ to CSFB, and then to co-founding GSO Capital Partners and Owl Rock Capital, reflect a commitment to identifying opportunities and leveraging his expertise in the credit markets. His approach includes the creation of innovative financial solutions and the effective management of substantial assets. Under his leadership, Blue Owl has grown to more than $200 billion.
Philanthropy
Doug Ostrover is actively involved in various non-profit organizations. He serves on the boards of directors of The Michael J. Fox Foundation for Parkinson's Research, Mt. Sinai Health System, and the Leadership Council for Memorial Sloan Kettering. He also serves on the investment committee of the Brunswick School.
