Experienced Team to Build on Successful Track
Record, Capitalize on Significant Demand for Investment in North
American Transportation Infrastructure
NEW
YORK, July 10, 2024 /PRNewswire/ -- Duration
Capital Partners ("Duration"), a newly formed private investment
firm focused on North American transportation infrastructure, today
announced it has completed its spin-out of Oaktree Capital
Management, L.P.'s ("Oaktree") Transportation Infrastructure
business. Duration is led by Co-Chief Executive Officers
Emmett McCann and Josh Connor, who have led Oaktree's
Transportation Infrastructure team since its inception. Oaktree
will remain a minority investor in Duration, and Oaktree's Vice
Chair and former managing partner, John
Frank, will serve as Chairman of the new firm.
![Duration Capital Partners logo Duration Capital Partners logo](https://mma.prnewswire.com/media/2457956/Duration_Capital_Partners_Logo.jpg)
Based in New York and
California, Duration will continue
to deploy a value-added approach to investing in North American
transportation infrastructure, with a focus on building strong
alignment with management teams centered around operational
excellence and safety. To achieve this goal, the firm will benefit
from assistance from nearly 20 industry specialist advisors who
have dedicated their careers to working across the transportation
sector. Duration's advisor network brings deep experience across
the transportation ecosystem, including aviation, ports, railroads,
and logistics.
"Transportation infrastructure requires a specialized,
long-term, and values-based investment approach. We have
established a team and a platform built on sector expertise, trust,
reliability, safety, and a commitment to operational excellence,"
said Mr. McCann. "We are excited by the opportunities in the market
and look forward to bringing our resources to bear as we drive
growth across our portfolio and partner with management teams to
create strong businesses and resilient assets."
"We are appreciative of the support we have received from the
entire Oaktree organization over the last seven years as we
established and grew the Transportation Infrastructure business to
where it is today," said Mr. Connor. "Transportation infrastructure
is a significantly underinvested asset class, and as a standalone
firm, we are now well positioned to thoughtfully capitalize on
exciting opportunities to continue delivering strong returns for
our limited partners."
"We're pleased to continue to support Emmett, Josh, and the
entire Duration team," said Howard
Marks, Co-Chairman of Oaktree. "As part of Oaktree over the
last seven years, the team has built a differentiated platform with
a compelling portfolio of investments and a strong pipeline. I'm
confident that the team is well positioned to accelerate its growth
and pursue compelling opportunities as a standalone investment
firm."
Duration will continue to partner with and support its existing
portfolio companies, which include Watco, OTG Management, Ports
America, and Rand Logistics.
About Duration Capital Partners
Duration Capital
Partners is a private investment firm focused on investing in
critical North American transportation infrastructure assets. The
firm seeks to make long-term investments in essential businesses
serving the aviation, ports, and railroad sectors. Founded in 2024
via a spin-out from Oaktree Capital, the Duration team manages over
$3.5 billion and has made 14
investments since the strategy's inception in 2017. For additional
information, please visit:
https://durationcapitalpartners.com/.
About Oaktree Capital Management
Oaktree is a
leader among global investment managers specializing in alternative
investments, with $192 billion in
assets under management as of March 31,
2024. The firm emphasizes an opportunistic, value-oriented
and risk-controlled approach to investments in credit, private
equity, real assets and listed equities. The firm has over 1,200
employees and 21 offices worldwide. For additional information,
please visit Oaktree's website at
http://www.oaktreecapital.com/.
Contact
For Duration:
Jonathan
Keehner / Erik Carlson /
Madeline Jones
Joele Frank, Wilkinson Brimmer
Katcher
212-355-4449
DurationCapital-JF@joelefrank.com
For Oaktree:
John
Christiansen / Monique Sidhom
/ Suzanne Byowitz
FGS Global
mediainquiries@oaktreecapital.com
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SOURCE Duration Capital Partners