for Bloomberg: KKR Veteran Joins Blue Owl to Lead Global Family Office Push by José A. Alvarado Jr.

News

for Bloomberg: KKR Veteran Joins Blue Owl to Lead Global Family Office Push

josé a. alvarado jr.

May 22, 2025

Summary

The family office sector is a rapidly expanding group of discreet firms that manage the financial affairs of the world’s super-rich.

A former executive at KKR & Co.’s global wealth unit has joined rival alternative asset giant Blue Owl Capital Inc. to expand its offering to the world’s ultra-wealthy.

Blake Shorthouse is joining the New York-based firm as global head of family capital, according to a statement Monday. He will be based in London and report to James Clarke, global head of Blue Owl’s institutional business.

Shorthouse, 53, left KKR after about a decade at the US firm, where he led teams focusing on family offices worldwide, including in Europe, Middle East and Africa, Bloomberg News reported in January.

“We want to enhance family office relationships” and Shorthouse has “experience cultivating trusted relationships with some of the largest single-family offices,” Clarke said.

Industry giants including Blue Owl, KKR and Apollo Global Management Inc. are targeting the world’s wealthy to fuel the next phase of growth for private equity, credit and other alternative assets. It’s an opportunity that’s been turbocharged by hopes US President Donald Trump’s administration will unleash a wave of deregulation and lure more retail investor cash into private markets.

Blue Owl, which had about $250 billion of assets under management at the end of last year, hired former Brookfield Asset Management Ltd. executive Rosamond Price earlier this month as head of its EMEA private wealth unit. It has also recruited Yoichi Nakamura from Algebris Investments for a similar role in Japan.

Photographed for Bloomberg, with words by Benjamin Stupples.

https://www.bloomberg.com/news/articles/2025-03-17/kkr-veteran-joins-blue-owl-to-lead-global-family-office-push?srnd=all

534

José A. Alvarado Jr.

Also by José A. Alvarado Jr. —

for Chalkbeat:At a Bronx school for immigrants, an undocumented teen fights for an education under Trump

for Chalkbeat: As Trump’s deportation campaign grows, a Bronx school and undocumented teen face tough choices

for Chalkbeat: Their student was detained by ICE. Now this Bronx school is rallying to get him back.

for The New York Times: 13 Law Enforcement Unions Endorse Eric Adams in N.Y.C. Mayor’s Race

for The New York Times: They Cleaned Subways During Covid. Now They’ll Get Millions in Back Pay.

for The New York Times: How a Plan for Reparations Became a Debt Trap for Marijuana Retailers

for The New York Times: New York Prisons Accused of Defying Judge on Solitary Confinement

for The New York Times: Where You Can Stumble Upon a U.S. Open Match

for NPR: Inside the lab working to identify the remains of 9/11 victims

for NPR: 'It's such a dream': Top high school performers step out on Broadway

for NPR: Los Tigres del Norte share the pride of selling out Madison Square Garden with its fans

for The Minnesota Star Tribune: A Columbia professor’s warning for the University of Minnesota

for The New York Times: Columbia Concedes to Trump

for The New York Times: ICE Can’t Enter Rikers for Now, Judge Rules

for The New York Times: Outside Official Will Take Over Deadly Rikers Island Jail, Judge Orders

for The New York Times: Officer Pleads Guilty in Fatal Beating of Prisoner Seen on Camera

for Bloomberg: New York’s Selective Return to Office Is a Problem

for Bloomberg: Caribbean Worried About Impact of Fines on China-Made Vessels

for Bloomberg Law: Blue Owl’s Legal Chief Surges to Top-Paid Among Asset Managers

for Bloomberg: NYC Office Buildings See Resurgence as Investors Pile Into Bonds

for Bloomberg: JPMorgan’s Former ‘Punch Card’ Building Unveils $10,000 Rentals

for NPR: This Harlem pastor fights mental health stigma — and shares his own struggles

for NPR: This Black church is facing the teen mental health crisis head on

for The New York Times: A Black Studies Curriculum Is (Defiantly) Rolling Out in New York City