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.