Och-Ziff Opens Houston Office in Energy Push

Oct 27 2015 | 5:40pm ET

Alternative investment manager Och-Ziff Capital Management has opened an office in Houston as the large hedge fund company seeks to capitalize on the severe correction in energy markets.

Former ArcLight Capital Partners Mark Bisso, who joined Och-Ziff earlier this year, has moved to Texas as part of the expansion and will be joined there by former First Reserve managing director Jonathan Linker, according to a Reuters report citing an unidentified person familiar with the matter. 

Bisso will reportedly also working closely with OZ Energy executive managing director Rick Lyon. Overall, the hedge fund firm has eleven people looking at North American middle market energy investment opportunities.

New York-based Och-Ziff was founded in 1994 and manages more than $44 billion in assets. The firm joins an increasing number of very large financial firms, including Apollo Global Management and Carlyle Partners, which are exploring ways to cash in on opportunities created by the steep drop in energy prices this year.

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