Forest Road Taps Oaktree’s Kramer in Asset Management Build Out

Merchant bank Forest Road Company has made two executive hires including from distressed investing heavyweight Oaktree Capital Management in a push to grow its asset management business.

Caleb Kramer has been tapped to be president of Forest Road, according to a statement. Previously, Kramer was a portfolio manager at Oaktree where he co-founded four European strategies during his 23 years at the firm and most recently managed more than 13 billion euro in assets.

Keith Horn, who has been on Forest Road’s board of directors since late 2019, was named executive chairman. Horn previously founded Loring Capital Advisors, an ...