Oak Point Partners

AssetIntelligence360°

About Oak Point Partners

Like many breakthrough innovations, Oak Point Partners began as intuition – but the extent to which it has succeeded has been far greater than CEO and Founder Eric Linn and the Oak Point team could have envisioned.

After being persuaded by a bankruptcy trustee to pay a higher price than originally intended to buy a set of residual assets, Linn subsequently uncovered a myriad of other hidden assets that were included with the purchase. Upon further research and investigation, Linn and his team recognized that no effective method existed for companies to identify or monetize these assets. Subsequently, Oak Point became the first institution to integrate ingenuity, human capital and technology to develop the processes and channels necessary to unbury this hidden value.

Along the way, Oak Point discovered that in every large corporate transaction, whether a bankruptcy, merger, acquisition, or sale there are almost always payment rights and assets that get lost in the shuffle or are forgotten. Uncovering these “unknown assets” – or what Oak Point refers to as “Remnant Assets” – takes time, effort, diligence, expertise, creativity, and persistence.

Oak Point has partnered with renowned investor Josh Harris, founder of 26North and co-founder of Apollo Global Management, to further enhance Oak Point’s position as the leading institutional buyer of Remnant Assets. Oak Point’s proprietary AssetIntelligence360º combines human expertise, machine-learning technology and automation, and vast recovery channel relationships so that Oak Point can provide companies with a turnkey way to monetize their unknown, remnant or overlooked assets through one, simple sale transaction.

Oak Point has purchased unknown assets from almost 2,000 companies including Fortune 500 publicly traded companies, portfolio companies of many of the largest Private Equity firms, and privately held businesses. In addition to its proprietary AssetIntelligence360º platform, Oak Point leverages its team of 50+ highly experienced employees and thousands of recovery channel relationships to further build upon its reputation as the best in class institutional buyer of Remnant Assets.

Key Stakeholders

JOSH HARRIS

Founder of 26North Partners, Co-Founder of Apollo Global Management, Founder Harris-Blitzer Sports & Entertainment

Josh Harris is the majority owner of Oak Point Partners, partnering with CEO and founder Eric Linn to accelerate the Company’s growth and scale. Harris is an investor, business leader and philanthropist whose career spans private equity, sports, entertainment, impact and more.

Harris is the Founder of 26North, a next-generation, multi-asset class alternatives platform that invests across a variety of strategies, including private equity, credit and insurance and reinsurance solutions. 26North currently has ~$10B under management.

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), which owns principal stakes in the Philadelphia 76ers of the NBA and the New Jersey Devils of the NHL. Harris is also Managing Partner of the Washington Commanders of the NFL, and owns a principal stake in Crystal Palace of the English Premier League.

Harris and his wife founded Harris Philanthropies to advocate for youth and community development through equitable and inclusive investing in sports, enhanced wellness and education.

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. He currently serves on the Boards of Harvard Business School, the Wharton School at the University of Pennsylvania, the NBA, and the NHL.

LEARN MORE ABOUT JOSH AND GET CONNECTED HERE

ERIC LINN

Owner and Founder CEO Of Oak Point Partners

Eric Linn is the Founder and CEO of Oak Point Partners. He has served as Oak Point’s CEO since 2001, utilizing his extensive background to build Oak Point into the preeminent purchaser of Remnant Assets. Since pioneering the concept in 2006, Oak Point has purchased the rights to non-operating, unknown, dormant and forgotten assets in over 2,000 transactions and has recovered well over 100,000 Remnant Asset items using its sophisticated data mining and machine learning technology.

LEARN MORE ABOUT ERIC AND GET CONNECTED HERE

THE FUTURE: WHAT’S NEXT AT OAK POINT

We’ve recovered millions of dollars for all kinds of businesses and organizations but our research tells us that 7 out of 10 companies have more than million dollars of unknown assets waiting to be identified. The war on unknown assets has only just begun. That’s why we’ve created AssetIntelligence360º, bringing together 15 years of experience, databases and expertise into one simple, easy and smart way to monetize unknown assets. Join us and lets put a billion dollars of your money back to work in our businesses and our economy.

OAK POINT CARES

We believe in giving back

Oak Point has been a solid supporter of charitable causes in every year of its operations for the past two decades. Whether raising money for rare cancer research with Cycle for Survival, supporting entrepreneurs in the Female Founder Mentorship Program at Wharton, or other community endeavors, Oak Point takes seriously the civic responsibility of making the world a better place.

Advancing Business and Science — Together
Through Wharton's Female Founders Mentorship Program, Eric Linn (W’92) guided Katherine Sizov (C’19), a Penn Wharton Entrepreneurship participant, on her entrepreneurial journey: https://whr.tn/3e8Uxl4 Learn how their partnership is advancing business and science through Katherine's startup, which fights food waste. #MoreThanEver
Posted by The Wharton School on Saturday, May 23, 2020

Oak Point recognizes that every person deserves an opportunity to learn and grow so that our society and business communities can benefit from a diverse set of ideas and skills. As the father of two daughters and a Wharton alum, Oak Point’s CEO, Eric Linn, actively supports programs like the Female Founder Mentorship Program at Penn and Wharton, which commits time and resources to the development of female entrepreneurs.

Oak Point has been a strong supporter of Cycle for Survival since Oak Point’s co-founder, David Linn, and his late wife Jen partnered with Equinox to begin the national movement to beat rare cancers in 2007. Cycle for Survival has raised hundreds of millions of dollars and funded more than 100 clinical trials, research studies, and major research initiatives.

The high-energy indoor team cycling events provide a tangible way for your organization to fight back; 100% of all money raised directly funds lifesaving rare cancer research!

Now owned and operated by Memorial Sloan Kettering Cancer Center, Cycle for Survival is the fastest-growing athletic fundraiser in the country.

The movement to beat rare cancers

100%

of every dollar funds research and clinical trials led by Memorial Sloan Kettering. Your support builds a better future for every person facing cancer.

$312M

has been raised by riders and donors since 2007, funding FDA-approved therapies, countless lifesaving advances, and the innovative technology that makes it all possible.

400+

subtypes of cancer are treated at MSK, including rare forms of the disease. Discoveries made by MSK doctors and scientists benefit patients worldwide.