# Napier Park Global Capital

Napier Park Global Capital is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2011
- **Assets under management:** $39bn
- **Website:** www.napierparkglobal.com
- **LinkedIn:** https://www.linkedin.com/company/napier-park-global

## Regulatory record

- **CRD number:** 166333
- **SEC file number:** 801-77543
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-05-13T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/166333

## About

Napier Park Global Capital is an SEC-registered investment adviser in New York, NY, since 2013. The firm manages approximately $14.6 billion in assets. It has 137 employees and 43 investment advisers.

## Sectors

- Private Credit
- Real Assets
- Secondaries & Special Situations
- Energy Transition & Renewables

## People

- Jonathan Dorfman — Managing Principal and Chief Investment Officer
- Jim O’Brien — Managing Principal, Senior Advisor

## Questions

### Who runs investment decisions at Napier Park?

Jonathan Dorfman serves as Managing Principal and Chief Investment Officer, having co-founded the firm with Jim O'Brien. The two previously ran Citi Capital Advisors together and, before that, led global credit desks at Morgan Stanley. Portfolio management is distributed across Senior Managing Directors like Serhan Secmen (Credit Strategies) and Tim Greatorex (CLO Management), with Dorfman and O'Brien retaining final authority on macro risk and strategic allocation.

### How is Napier Park related to First Eagle Alternative Credit?

As of September 5, 2025, investment activities of First Eagle Alternative Credit were unified under the Napier Park brand and management. The combined platform reports $19 billion in assets, inclusive of FEAC's portfolios, though legacy advisory affiliates Regatta Loan Management and Napier Park CMV remain separate entities.

### Does Napier Park participate in fund commitments or only direct deals?

The firm operates through multiple structures: direct credit investments (including complex situations, restructurings, and growth lending), CLO management platforms, and real-asset vehicles. The real-assets strategy targets direct ownership of cash-generating transportation and renewable-energy infrastructure, while credit strategies span both direct lending and fund commitments.

### What investment stages does Napier Park typically target?

Napier Park covers the full credit lifecycle — early-stage and growth lending, recapitalizations, restructurings, secondaries, and pre-IPO situations. The platform's Credit Strategies group handles special situations and complex credits; CLO Management focuses on broadly syndicated loans; and Real Assets pursues essential-use infrastructure with current cash yield.

### What is Napier Park's known posture on co-investments alongside external GPs?

Details on co-investment appetite are not publicly documented. The firm's institutional client base and credit-structures focus suggest it can act both as a sole lender and alongside other institutions in syndicated credits, particularly through its CLO management arm.

### What is the Operations Control Framework (ORCA) that Napier Park references?

ORCA is a proprietary risk-governance and process-control system that enforces institutional-grade controls across portfolio management, trade execution, and client reporting. The firm states that over 50% of its staff are non-investment professionals, many dedicated to maintaining ORCA and data-analytics infrastructure.

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- [Napa Wealth Management](https://altss.com/profile/napa-wealth-management)
- [Naples Technology Ventures](https://altss.com/profile/naples-technology-ventures)

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Last updated: 2026-07-08T22:45:26.437Z

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