Family Office World Blue Owl Co-Founder and Philanthropist Marc Lipschultz joins Ron Diamond on Family Office World Podcast
Sep 5, 2023
Marc Lipschultz, Co-CEO of Blue Owl Capital and co-founder of Owl Rock Capital, shares his journey from St. Paul’s roots to becoming a private equity pioneer. He discusses the rise of Owl Rock in the private credit landscape, emphasizing innovative strategies for principal preservation. Lipschultz also explores the future of private market investments, highlighting the benefits of reduced liquidity. Additionally, he examines the evolution of family offices and their potential for driving positive societal change amid the upcoming wealth transfer from baby boomers.
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Minnesota Roots and Business Start
- Marc Lipschultz grew up in St. Paul, Minnesota, in a supportive family with a strong work ethic.
- His father owned a local packaging business, fostering an early business environment around him.
Career Path to Private Equity
- After Stanford, Marc worked at Goldman Sachs starting in 1991, then spent over 20 years at KKR.
- He has lived in New York for over 30 years, consistently building his career in finance and investing.
Evolution of Private Equity
- Private equity has evolved from a small niche with 20 professionals to a multi-trillion dollar global industry.
- The term "private equity" replaced "LBOs" to better reflect industry growth and appeal.