The Forest Road Company Continues Aggressive Expansion With the Addition of Former Oaktree and Elliott Executives

Forest Road taps two Wall Street veterans, Caleb Kramer and Keith L. Horn, strengthening its executive team and fueling its next stage of growth.

The Forest Road Company (Forest Road), a next-generation merchant bank, announces two strategic additions to its executive leadership team, marking a significant milestone in the company’s commitment to excellence and growth.

Oaktree Capital Management veteran Caleb Kramer has joined Forest Road as its President, and Keith L. Horn, former Chief Operating Officer of Elliott Management Corporation, has joined as its Executive Chairman. These individuals will play a pivotal role in advancing Forest Road’s strategic initiatives, particularly its asset management business, Forest Road Asset Management (FRAM).

As President of Forest Road, Mr. Kramer will have a key leadership role in the strategy and growth of the business. Prior to joining Forest Road, Caleb spent 23 years at Oaktree Capital Management, most recently as the portfolio manager and co-founder of four distinct European strategies and raised and managed over €13 billion in assets across 11 funds. His extensive experience across turnaround and special situation private equity, distressed investing, and private credit will be critical to Forest Road’s growth as it expands into new markets.

As Executive Chairman, Mr. Horn will provide strategic guidance and direction, board leadership and executive mentorship. Keith is the Founder and Managing Member of Loring Capital Advisors, a financial services firm founded in 2016 that provides investment advisory and consulting services to hedge fund managers, asset management firms, and early-stage and start-up businesses. For 12 years, Keith served as Chief Operating Officer of Elliott Management Corporation and a member of the Management Committee, where he was responsible for global management and oversight of operational, support and control functions of the firm’s investment advisory business and managed the firm’s relationships with the broker-dealer community. Prior to joining Elliott, Keith spent 16 years at Merrill Lynch, where he served as Global Head of Leveraged Finance, Head of Latin America Debt, and Chief of Staff to the Chairman and CEO. Mr. Horn has served on numerous boards of directors and advisory committees, for both public and private companies.

Founded in 2018, Forest Road has rapidly evolved into a next-generation merchant bank. With its operating, investing, and advising business model, Forest Road leverages its deep industry knowledge to offer creative capital solutions to sectors that are undergoing transformative shifts.

Zachary Tarica, Chief Executive Officer of Forest Road, said: “Being unapologetically opportunistic is embedded in our DNA, and Caleb and Keith not only bring impressive achievements and proven track records, but they also share our bold mentality. These hires mark an important milestone for the maturation of our business, and I am confident they will play instrumental roles in driving financial innovation and sustained growth for years to come.”

Caleb adds: “It was clear early on in my conversations that Forest Road’s core entrepreneurial culture could be leveraged to create a differentiated and more nimble merchant banking and asset management platform. With an unparalleled network, anchored by its strong executive team and key shareholders who have built some of the world’s largest investment firms, we are excited to leverage the collective experience from our previous roles to create something truly unique.”

Keith further notes: “Having witnessed Forest Road’s evolution since its early days, I’m thrilled to be formally joining as Executive Chairman. The team has worked diligently to assemble the building blocks that are crucial for success, and I could not be more excited to help Forest Road ascend to the next level.”

About The Forest Road Company

The Forest Road Company (Forest Road) is a next-generation merchant bank that invests, operates, and advises in non-correlated yet highly transformative sectors. Forest Road Asset Management (FRAM) is an SEC-registered investment adviser that seeks to favorably price risk and deliver differentiated investment propositions while utilizing creative structures to optimize returns. For more information, visit www.forestroadco.com.

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