Companies use Remnant Asset Sale Proceeds for Financial Initiatives, including Capital Investment, Addressing Budget Deficits, and Job Growth
Oak Point has purchased Remnant Assets from over 2,000 companies including Fortune 500 publicly traded companies, portfolio companies of many of the largest private equity firms, and privately held businesses.
Headquartered outside of Chicago, Illinois, Oak Point has over 50 highly experienced employees, spanning legal research, recovery operations, and technology.
Key Stakeholders
Eric Linn
Chief Executive Officer
Eric Linn is the Chief Executive Officer of Oak Point Partners. Linn has utilized his extensive background to build Oak Point into the leading institutional purchaser of unknown assets over the past two decades.
Oak Point traces its successful history back to its first purchase of unknown assets at the tail end of a large corporate bankruptcy case in 2006. At the time, Linn recognized that there was no existing way for trustees to monetize unknown assets at the end of a large bankruptcy case. Linn and his team developed the Remnant Asset purchase, buying the rights to any remaining known and unknown assets.
Since that first purchase of Remnant Assets, Oak Point has purchased the rights to unknown assets from over 2,000 companies, including a mix of bankrupt entities and large healthy growing corporations. Oak Point has expanded its team and resources dramatically since those early days, creating a successful business and a new industry from the ground up. Today, Oak Point is proud to provide the smart way to monetize unknown assets to Fortune 500 publicly traded companies, portfolio companies of many of the largest private equity firms, and privately held businesses.
Eric graduated from The Wharton School at the University of Pennsylvania, Magna Cum Laude, 1992. He is Chairman of Wharton’s Undergraduate Executive Board, member of Penn’s Undergraduate Financial Aid Leadership Council, and also serves as a business mentor in the Penn Wharton Entrepreneurship Mentor Program.
Josh Harris
Founder of 26North and Co-Founder of Apollo Global Management
Josh Harris is an investor and business leader with over thirty years of experience. He is the majority owner of Oak Point Partners.
Harris is the Founder of 26North, a next-generation, multi-asset class alternatives platform, with an initial focus on private equity, credit, and insurance solutions.
Prior to founding 26North, Harris co-founded Apollo Global Management and spent over thirty years building the firm into the world’s second-largest alternatives and largest alternative credit manager.
Harris is also the Founder and Managing General Partner of Harris Blitzer Sports & Entertainment (HBSE), a leading sports and entertainment platform that includes marquee franchises the Washington Commanders, the Philadelphia 76ers and the New Jersey Devils.
Across his platform – including through his foundation, Harris Philanthropies, he is committed to using a blend of philanthropic giving and impact investment to improve outcomes for underserved groups in communities where he has a deep connection.
Harris holds an MBA from Harvard Business School, where he was named a Baker Loeb Scholar, and graduated summa cum laude from the University of Pennsylvania’s Wharton School of Business with a B.S. in Economics.