Doug Ostrover

Early Life and Education

Doug Ostrover was born in New York City. He earned a Bachelor of Arts in Economics from the University of Pennsylvania and an MBA from New York University's Stern School of Business.

Rise to Success

Ostrover's career began at E.F. Hutton. He eventually moved to Donaldson, Lufkin & Jenrette (DLJ) in 1992, and helped it become one of Wall Street's top junk bond underwriters. In 2000, DLJ was acquired by Credit Suisse First Boston (CSFB), where Ostrover became Chairman of the Leveraged Finance Group. In 2005, he co-founded GSO Capital Partners, Blackstone's alternative credit platform, which grew to $75 billion in assets under management by 2015. He then co-founded Owl Rock Capital Partners in 2016.

Key Business Strategies

Ostrover has been instrumental in the growth of private credit. His strategy has focused on direct lending to mid-sized businesses, a segment often overlooked by traditional banks. Owl Rock Capital, and later Blue Owl Capital, has made private credit more accessible and affordable. The merger with Dyal Capital was a key move to further expand its offerings. Blue Owl Capital now manages over $200 billion in assets.

Philanthropy

Doug Ostrover is involved in various non-profit organizations. He serves on the boards of directors of the Michael J. Fox Foundation, the Mount Sinai Health System, and the Leadership Council for Memorial Sloan Kettering. He also serves on the investment committee of the Brunswick School.