Friday, February 17, 2017

Bill Walton’s Son Nate Made $1 Billion In The Oil Patch

Bill Walton, whose son is about to made a cool billion.
The Wall Street Journal reports:

Nate Walton, the 6-foot 7-inch son of basketball great Bill Walton and older brother of Los Angeles Lakers coach Luke Walton, was born to star on the hardwood.

Instead, the former Princeton University basketball captain is winning in high finance.

A partner in the private-equity group at Ares Management LP, Mr. Walton orchestrated one of the most successful shale deals in recent years, expected to net more than a $1 billion within a year...

“Rather than try to buy assets, we’re providing capital to companies that already have assets with real competitive advantages and strong management teams,” Mr. Walton said in an interview...

“I’m a solar guy,” said the elder Walton, leaving it at that.

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