Chris Crampton has been named managing director of Blue Owl Capital's newly launched strategic equity strategy group.
Mr. Crampton was formerly a partner and head of services and industrials private equity investing within the merchant banking and asset management divisions of Goldman Sachs, according to a Tuesday release.
At Blue Owl, Mr. Crampton will "spearhead the creation of the 'Blue Owl Strategic Equity Strategy' which will focus on single-asset general partner-led secondary transactions, or continuation fund investments," the release noted.
"Creating a complementary equity and secondaries strategy for our clients is a natural extension of Blue Owl's existing business given our sizable origination funnel and deep relationships with leading financial sponsors," stated Doug Ostrover, CEO and co-founder of Blue Owl Capital, in the release.
Blue Owl Capital is an alternative asset manager with $138.2 billion of assets under management as of Dec. 31.
Neither Blue Owl nor Goldman Sachs could be immediately reached for further details.