Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Magnetar Capital hires former KKR executive Erik Falk

Thursday, August 31, 2017
Opalesque Industry Update - Magnetar Capital, a leading alternative asset management firm, announced today that Erik Falk will join the firm on September 5 and will be working on strategic initiatives with Magnetar's executive committee, including founder & CEO Alec Litowitz, co-founder & President Ross Laser, and Global Head of Fixed Income David Snyderman. Mr. Falk, who will be based in Evanston, joins Magnetar from Kohlberg, Kravis, Roberts & Co. (KKR), where he was most recently a Member of KKR and the Global Head of Private Credit.

"We are constantly evolving to meet the changing needs of investors," said Mr. Litowitz. "Erik's decades of experience and strong track record of success make him a valuable addition to the team as we continue to pursue new and innovative market opportunities across a broad range of sectors. We are fortunate to have him on board and welcome him to the firm."

At KKR, Mr. Falk oversaw the private funds within the firm's $35bn credit business and served on the Private Credit Investment Committee, the Leveraged Credit Investment Committee and the Portfolio Management Committee. Before joining the firm in 2008, Mr. Falk spent eight years at Deutsche Bank. He held several roles in the bank's Global Markets Division including founding the Special Situations Group and Co-Heading the Global Securitized Products Group.

Mr. Falk has served on the boards of the Loan Syndications and Trading Association (LSTA), Corporate Capital Trust and Corporate Capital Trust II - business development companies sub-advised by KKR - and various companies on behalf of Deutsche Bank. He is currently a member of the advisory committee of a private middle market lender and of the Investment Committee for The Public Theater.

"I am very excited to join a team with a history of excellence and continued innovation," said Mr. Falk. "I look forward to working to help continue to drive innovation, growth and client value."

Mr. Falk earned a Master of Science and Bachelor of Science in Chemical Engineering from Stanford University.

Founded in 2005, Magnetar is a $13.6bn multi-strategy alternative investment manager that seeks to achieve stable risk-adjusted returns by opportunistically employing a wide range of fixed income, energy, quantitative and fundamental investment strategies. Magnetar invests across public and private markets, geographies and company structures, leveraging deep fundamental and quantitative rigor. The firm is headquartered in Evanston, Illinois and operates satellite offices in New York, London, Minneapolis and Houston.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1