Updated:
USD Partners LP
Daniel S. Och founded USD Partners LP in 2014, shortly after his departure from Och-Ziff Capital Management, the $40B hedge fund he built over three decades.
USD Partners LP
Daniel S. Och founded USD Partners LP in 2014, shortly after his departure from Och-Ziff Capital Management, the $40B hedge fund he built over three decades. Och's wealth originated from his leadership at Och-Ziff, which he sold to a group led by him in 2019, later rebranding as Sculptor Capital Management before its acquisition by Rithm Capital in 2023. The firm allocates capital across private credit, real estate, infrastructure, and multistrategy hedge funds, operating through direct deals and co-investments. USD Partners has stated its focus on credit and asset-backed strategies, with investments in healthcare services and structured finance. It does not manage third-party client money, maintaining a single-family office structure that allows long-duration, illiquid positions without redemption risk. Geographic focus is primarily North America, with some exposure to European markets. USD Partners employs a lean team of investment professionals, though exact headcount is undisclosed. The firm's structure includes a dedicated hedge fund platform that runs multistrategy allocations, separate from its direct private investments. In 2023, USD Partners increased its allocation to private credit, reflecting a broader trend among family offices to seek yield in higher-yielding credit markets (per Bloomberg, 2023). The firm maintains a single office in New York City. There is no publicly disclosed philanthropic vehicle tied directly to USD Partners, though Och is a known philanthropist via the Och Family Foundation. USD Partners operates without external limited partners or client mandates, giving it a pure family-office governance model with full discretion over asset allocation and liquidity time horizons. This structure allows the firm to pivot between asset classes quickly, as seen by its emphasis on private credit during the post-covid rate cycle. Its separation from Och-Ziff (now Sculptor) means it bears no legacy compensation or redemption structures, making its cost base distinct from a traditional fund.
General information
Firm type
Single Family Office
Year founded
2014
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Daniel S. Och
Founder
David L. Rosenberg
Chief Executive Officer
Jonathan P. Green
Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at USD Partners?
Daniel S. Och, the founder, sets the overarching investment strategy. David L. Rosenberg serves as CEO, and Jonathan P. Green is the Chief Investment Officer, overseeing day-to-day allocation. The team likely includes a small number of investment professionals focused on direct credit and real estate deals.
Does USD Partners invest in fund commitments or only direct deals?
USD Partners allocates across both direct investments and fund commitments. Its direct strategy targets private credit, real estate, and infrastructure, while its multistrategy hedge fund platform invests in external hedge funds and managers. The firm is known to co-invest alongside other family offices and institutional partners.
Is USD Partners structured as a single family office or a multi-family office?
USD Partners is a single-family office dedicated to Daniel S. Och and his family. It does not manage assets for external clients or other families, maintaining complete discretion over its capital. This structure frees it from redemption schedules or LP reporting.
What asset classes does USD Partners focus on?
The firm primarily invests in private credit, real estate, infrastructure, and multistrategy hedge funds. It has shown a growing emphasis on credit and asset-backed opportunities since 2020. Exposures to healthcare services and structured finance are also part of its allocation.
How is USD Partners related to Och-Ziff Capital Management?
USD Partners was founded by Daniel S. Och in 2014 after his departure from Och-Ziff Capital Management, the $40B hedge fund he started in 1994. The two entities are operationally and structurally independent. Och sold his remaining stake in Och-Ziff (later Sculptor Capital) by 2019, and the firm was acquired by Rithm Capital in 2023.
Where does the underlying wealth come from?
The wealth managed by USD Partners comes from Daniel S. Och's career as founder and former CEO of Och-Ziff Capital Management, one of the largest publicly traded hedge fund firms in the world. Och's personal fortune was built through management fees, performance fees, and his ownership stake in the firm.
What is USD Partners' known posture on co-investments alongside external GPs?
USD Partners selectively co-invests alongside external general partners in private credit and real estate transactions. The firm typically leads or anchors its own direct deals but has been known to participate in syndicated club deals with other family offices. Its flexible capital base allows it to move quickly when opportunities arise.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: