Eastern Asset Management grows team with two hires

Eastern Asset Management, a New York-based alternative investment firm, has expanded its leadership team with two new hires, according to reports dated September 4, 2026. The firm, founded in 2016 by Andrew Clark, specializes in identifying and capitalizing on overlooked or misunderstood assets within specialty finance and alternative credit markets.

Andrew Clark established Eastern Asset Management following the acquisition of a non-performing legal asset portfolio from a large hedge fund. After successfully rehabilitating those assets, the firm expanded through a secondary acquisition of an operating company, establishing itself as one of the industry's leading specialty finance platforms. Clark, who has specialized in alternative assets and specialty finance since 2006, serves as Founder, Managing Partner, and Chief Investment Officer. Over his career, he has structured, financed, and managed more than $1 billion in specialty finance and litigation finance transactions.

The firm's investment strategy focuses on identifying value in overlooked market segments through disciplined underwriting and active management, with returns driven by fundamental analysis rather than broader market movements. Eastern Asset Management's portfolio spans specialty finance, structured credit, operating businesses, and carefully selected public and private market debt and equity opportunities. The firm's approach emphasizes long-term value creation and patient capital deployment across alternative and specialty lending markets. The two new hires represent continued expansion of the firm's institutional capacity to manage growing assets and market opportunities within the alternative credit space.