# Craig W. Packer

> Craig W. Packer co-founded Owl Rock, the predecessor of Blue Owl Capital’s credit platform. He is Blue Owl’s co-president, head of credit and a board member, and serves as CEO of its business development companies. His earlier career included senior leveraged-finance and high yield roles at Goldman Sachs, Credit Suisse First Boston and Donaldson, Lufkin & Jenrette.

- **Role:** Co-President and Head of Credit at Blue Owl Capital; CEO of the Blue Owl BDCs
- **Organizations:** Blue Owl Capital, Owl Rock Capital Partners, Goldman Sachs, Credit Suisse First Boston, Donaldson, Lufkin & Jenrette, McIntire School of Commerce Foundation, University of Virginia Athletics Foundation, Kids in Crisis
- **Education:** BS, University of Virginia, MBA, Harvard Business School
- **Known for:** Co-founded the direct-lending business that became Blue Owl’s credit platform., Helped build Owl Rock’s flagship BDC, which initially raised $5.5 billion in equity, more than 80 percent from institutions., Became a partner at Goldman Sachs in 2008.

## Career timeline

- **Before 2006** — Worked at Donaldson, Lufkin & Jenrette and subsequently served as Global Head of High Yield Capital Markets at Credit Suisse First Boston.
- **2006** — Joined Goldman Sachs as Managing Director and Head of High Yield Capital Markets.
- **2008** — Named a Goldman Sachs partner; subsequently served as Co-Head of Leveraged Finance in the Americas.
- **2016** — Co-founded Owl Rock with Doug Ostrover and Marc Lipschultz; the firm launched its direct-lending business.
- **2019** — Owl Rock Capital Corporation began NYSE trading on July 18.
- **2021** — Owl Rock and Dyal combined to form Blue Owl, which began NYSE trading on May 20.

## Achievements

- Co-founded the direct-lending business that became Blue Owl’s credit platform.
- Helped build Owl Rock’s flagship BDC, which initially raised $5.5 billion in equity, more than 80 percent from institutions.
- Became a partner at Goldman Sachs in 2008.
- Serves as co-president and a director of Blue Owl and CEO of its BDCs.

## Latest updates

- **2026-07** — L’Agefi published an interview with Packer about direct lending and liquidity tensions in BDC vehicles.
- **2026-02** — Discussed the $1.4 billion asset sale across three Blue Owl BDCs on CNBC on February 20, emphasizing accelerated return of capital for OBDC II investors.
- **2026-02** — On OBDC’s February 19 earnings call, discussed the effect of lower base rates and tighter spreads on future earnings.

## Links

- Website: https://www.blueowl.com/our-team/craig-w-packer
- LinkedIn: https://www.linkedin.com/in/craig-packer-424323120

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Profile page: https://yespress.io/craig-packer
Published by YesPress — https://yespress.io
Last updated: 2026-10-23