Andre Hakkak Net Worth: White Oak Global Advisors Co-Founder and CEO’s Wealth

Andre Hakkak is the co-founder and CEO of White Oak Global Advisors, a San Francisco-based alternative asset manager specializing in private credit and direct lending to underbanked small and medium-sized enterprises (SMEs). Born January 5, 1973, in Tehran, Iran, to parents Reza Hakkak and Parvin, the 52-year-old Iranian-American financial visionary has built an estimated net worth between $250 million and $400 million as of 2026, with projections suggesting growth to $300-$450 million by year-end.

Andre Hakkak’s Net Worth in 2026

Hakkak’s net worth is estimated between $250 million and $400 million, though exact figures remain unverified due to privately held business interests and undisclosed equity stakes. The wide range reflects fluctuating asset valuations, market conditions, and speculative reporting around his ownership in White Oak Global Advisors.

His annual income is approximately $24 million, derived from management fees, performance-based compensation, and his ownership stake in White Oak. However, this represents personal compensation rather than the firm’s total assets under management.

Primary wealth sources include:

• Majority ownership stake in White Oak Global Advisors
• Co-ownership of Finacity Corporation (acquired 2021)
• Private credit and alternative investment portfolios
• Commercial and residential real estate holdings valued at approximately $28 million
• Strategic positions in Alpine Global Inc. and Suisse Global Investments

White Oak has deployed over $11 billion in capital since its 2007 inception and manages assets exceeding $10 billion as of 2025.

Education and Early Career Foundation

Hakkak earned a Bachelor’s degree in Economics from the University of California, Los Angeles (UCLA), followed by specialized studies in finance and marketing at the University of California, Berkeley’s Haas School of Business. Some sources reference additional graduate-level economics coursework at the University of Chicago.

His Iranian-American heritage instilled values of education, financial discipline, and long-term strategic thinking that later shaped his investment philosophy and approach to wealth building.

1. Early Financial Services (1990s)

Hakkak began his career in the early 1990s as an investment banker at Robertson Stephens & Co., gaining exposure to capital markets and corporate finance. He holds active FINRA Series 7, 63, and 24 designations, which he has maintained since 1991.

Before founding his own firms, Hakkak held executive positions at GE Capital, Highland Capital Management, and McKinley Capital Management, where he developed expertise in asset-based lending, credit analysis, and institutional investment strategies.

2. Suisse Global Investments (1995-2000)

In 1995, Hakkak founded Suisse Global Investments as founder and portfolio manager. The investment management firm developed customized strategies for banking and insurance clients across more than 30 countries, establishing its reputation in international finance.

3. Alpine Global Inc. (2000-2007)

In 2000, Hakkak established Alpine Global, Inc. as Chief Investment Officer, focusing on real estate investments and alternative fixed income strategies. This venture built his expertise in asset-based lending and specialty finance that would later define White Oak’s business model.

4. White Oak Global Advisors (2007-Present)

Hakkak co-founded White Oak Global Advisors in 2007, serving as CEO, co-portfolio manager, and Investment Committee member. The firm provides collateralized lending solutions and non-dilutive capital to middle-market companies often overlooked by traditional financial institutions—a market segment known as the “middle-market gap.”

White Oak has deployed over $11 billion in capital and provided financing to more than 20,000 businesses worldwide. The firm’s nearly 500 professionals operate across offices in the United States, the United Kingdom, and Australia.

Strategic Finacity Corporation Acquisition

In September 2021, White Oak completed a flagship acquisition of Finacity Corporation, a global leader in working capital and trade finance funding solutions. Finacity originates, structures, and places over $100 billion in trade finance receivables annually with more than 50 leading financial institutions in asset-backed security structures.

Finacity facilitates transactions for receivables denominated in 58 currencies with obligors in more than 175 countries, making it the largest non-bank trade finance platform globally. Adrian Katz remains as Finacity CEO and substantive equity holder, working closely with White Oak’s leadership.

The acquisition accelerated White Oak’s drive into the $30 trillion market for asset-based working capital solutions and added over 215 professionals focused on asset-based lending, offering:

• Trade receivables securitization
• Invoice discounting
• Factoring
• Supply chain finance
• Lender finance
• Import-export finance

Finacity, now operating as White Oak Finacity and headquartered in Stamford, Connecticut, represents a major revenue generator within Hakkak’s business empire.

White Oak’s Lending Products and Recent Deals

White Oak offers over 20 lending products, including:

• Asset-based lending (ABL)
• Term loans
• Equipment leasing
• Factoring
• Structured finance
• SME business lending
• Commercial finance
• Government contract financing

Recent Major Transactions (2024-2025):

• $125 million ABL facility for a US-based energy services company (May 2025)
• $125 million multicurrency credit facility from Wells Fargo for UK and Irish borrowers (February 2025)
• $90 million senior secured revolving ABL facility to a leading steel production company
• $60 million credit facility to a utility construction firm
• $37 million combined financing for retail and energy industry clients

White Oak Commercial Finance (WOCF) provides ABL and factoring solutions ranging from $5 million to more than $200 million, with a leverage facility from a Wells Fargo-led syndicate exceeding $1 billion.

Investment Philosophy and Risk Management

Hakkak’s approach centers on identifying underserved markets and providing bespoke financial solutions where traditional lenders cannot deploy capital.

Rather than following market trends, Hakkak focuses on businesses with tangible collateral, predictable cash flows, and strong asset coverage ratios. This value-based underwriting protected White Oak during economic downturns, particularly the 2008 financial crisis, when traditional bank lending contracted sharply.

White Oak structures deals with protective covenants, first-lien positions, senior secured status, and regular portfolio monitoring to limit downside exposure while generating attractive risk-adjusted returns.

The firm targets industries with hard asset collateral and recurring revenue models:

• Healthcare (medical equipment, healthcare services)
• Manufacturing (equipment financing, industrial operations)
• Business services (B2B providers with contracted revenue)
• Technology (B2B software, infrastructure)
• Energy (production, services)
• Steel and metals (production, distribution)

Hakkak has committed $6 billion to Environmental, Social, and Governance (ESG) and impact-oriented investments, integrating sustainability criteria into White Oak’s investment process.

Real Estate Holdings

Hakkak owns multiple luxury properties in South Florida, representing one of the largest residential real estate transactions in Florida history:

• Coral Gables Mansion: Valued at $13.6 million
• Pinecrest Mansion: Valued at $14.3 million (purchased after selling previous property)
• Former Gables Estates Mansion: Sold for approximately $27.5-28 million

Beyond personal residences, Hakkak maintains commercial real estate investments through affiliated entities, focusing on medical office buildings, multifamily properties, and industrial facilities. Real estate holdings likely constitute 15-30% of his total net worth, providing portfolio stability, passive income, tax advantages, and inflation protection.

Marriage to Marissa Shipman

Hakkak married Marissa Shipman in 2015. Shipman is the founder and CEO of theBalm Cosmetics, a cruelty-free beauty brand she established in 2004. TheBalm produces talc-free powders, lip products, and cosmetics sold in over 100 countries, generating approximately $24.9 million in annual revenue.

Shipman previously co-founded Julep Beauty Inc. with Jane Park in 2007, demonstrating her own entrepreneurial success in the beauty industry.

The couple has two children: Ariana Hakkak and Darius.

Hakkak maintains an active lifestyle, including scuba diving, wake-surfing, mountain biking, and tennis. Together, they form a power couple balancing demanding professional careers with family involvement and philanthropic dedication.

Philanthropic Activities and Hakkak Family Foundation

Hakkak dedicates substantial resources to charitable causes through the Hakkak Family Foundation and various nonprofit organizations, focusing on:

• Education Initiatives: Funding scholarship programs and educational opportunities for underprivileged students, aiming to bridge socioeconomic gaps and create pathways to higher education.
• Healthcare Support: Donations supporting medical research, healthcare facility construction, and medical services in underserved communities.
• Environmental Sustainability: Supporting conservation efforts, renewable energy projects, and sustainable technologies aligned with his ESG investment philosophy.
• Community Economic Development: Contributing to economic development initiatives, small business support programs, and local community foundations.

Marissa Shipman serves as a board member for Project Glimmer, a nonprofit organization providing prom dresses and gifts to teenagers and women across the United States.

Industry Recognition and Market Impact

While Hakkak maintains a relatively low public profile compared to other prominent financiers, he has earned recognition as a private credit pioneer within middle-market lending circles.

Hakkak is frequently invited to speak at industry conferences, sharing insights on market trends, alternative investment strategies, and the importance of supporting small and medium-sized enterprises.

White Oak’s success in providing $11 billion+ in capital to 20,000+ businesses has established Hakkak as a key figure in the alternative lending space. His ability to identify and serve underbanked markets has influenced how private credit firms approach middle-market opportunities.

Hakkak maintains active FINRA Series 7, 63, and 24 designations, demonstrating an ongoing commitment to regulatory compliance and industry standards.

Business Model and Revenue Structure

Hakkak’s compensation and wealth accumulation come primarily from:

• White Oak earns fees as a percentage of assets under management (typically 0.50%-2.00% annually, depending on portfolio size and strategy).
• The firm earns performance fees when investments exceed defined benchmarks, aligning interests with investors.
• As a significant equity holder in White Oak, Hakkak benefits directly from the firm’s profitability, asset growth, and successful exits.

With over $10 billion in assets under management, White Oak generates substantial annual revenue through these combined streams, contributing significantly to Hakkak’s estimated $24 million annual income.

Is Andre Hakkak a Billionaire?

Despite a net worth estimated between $250 million and $400 million, Hakkak has not yet reached billionaire status as of 2025. However, given White Oak’s consistent growth trajectory, aggressive expansion into new financial sectors, and its ownership stakes across multiple entities, crossing the $1 billion threshold remains a possibility within the next several years.

Financial analysts project his net worth could reach $300-$450 million by the end of 2025, driven by:

• White Oak’s continued AUM growth
• Recent major transactions and new credit facilities
• Expanding global footprint through White Oak Europe
• Finacity’s growing trade finance operations
• Appreciation of real estate holdings

Conclusion

Andre Hakkak’s estimated net worth of $250 million to $400 million reflects his success as co-founder and CEO of White Oak Global Advisors, a leading alternative asset manager in the private credit space. His wealth stems from ownership in a firm managing over $10 billion in assets, which has deployed more than $11 billion in capital to 20,000+ small and medium-sized enterprises worldwide.

With an annual income of around $24 million, luxury real estate holdings worth approximately $28 million, and strategic ownership in Finacity Corporation processing over $100 billion in trade finance receivables annually, Hakkak represents a financial visionary who built wealth through specialized expertise in alternative investments and middle-market lending.

His commitment to ESG investing, with $6 billion allocated to impact-oriented investments, demonstrates how private credit can align financial returns with social responsibility. Together with his wife, Marissa Shipman, founder of theBalm Cosmetics, and through the Hakkak Family Foundation, he balances entrepreneurial success with philanthropic dedication to education, healthcare, and environmental sustainability.