DiscoverLay of The Land#194: Hanna Kassis (Babylon Asset Management) — Business Financing, Private Credit, and Growth Capital
#194: Hanna Kassis (Babylon Asset Management) — Business Financing, Private Credit, and Growth Capital

#194: Hanna Kassis (Babylon Asset Management) — Business Financing, Private Credit, and Growth Capital

Update: 2024-12-19
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Throughout his career, Hanna Kassis has overseen $1.5 billion in capital deployment. 

Hanna began his entrepreneurial journey in Youngstown, where he managed Tim Ryan's congressional campaign from 2008 to 2011. This early taste of independence would prove formative for his future ventures. Though he initially pursued law school in Chicago with intentions of becoming a tax attorney, Hanna's entrepreneurial spirit led him to found OAREX Capital Markets while still a student. The company secured seed funding from Dan Gilbert's Bizdom and later raised substantial institutional capital—$50M from a global asset management firm and a $50M line of credit from East West Bank—to build an innovative online ad revenue exchange.

After successfully scaling OAREX, Hanna exited in 2022 by selling his majority stake to his investor group. His entrepreneurial drive led him to expand into new ventures, including the acquisition and revitalization of Whistle Taproom (formerly Whistle & Keg), which has become a Downtown Cleveland premier game day destination. When Silicon Valley Bank collapsed in 2023, Hanna recognized an opportunity and launched Babylon Asset Management. Under his leadership, Babylon has invested in 170 alternative loans, participated in 12 senior loans to other lenders, and helped 36 companies raise debt capital. 

Hanna was one of the first people I met in Cleveland, and it was a pleasure to finally have him on the podcast


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LINKS:
https://babylonassets.com/about/
https://www.linkedin.com/in/hannakassis/
https://oarex.com/

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John Carroll University Boler College of Business: https://business.jcu.edu/ 
As we’ve heard time and time again from entrepreneurs on Lay of The Land — many of whom are proud alumni of John Carroll University —  success in this ever-changing world of business requires a dynamic and innovative mindset, deep understanding of emerging technology and systems, strong ethics, leadership prowess, acute business acumen… all qualities nurtured through the Boler College of Business!


With 4 different MBA programs of study — spanning Professional, Online, Hybrid, and 1-Year-Flexible — The Boler College of Business provides flexible timelines and various class structures for each MBA Track — including online, in-person, hybrid and asynchronous — to offer the most effective options for you, in addition to the ability to participate in an elective International Study Tour, providing unparalleled opportunities to expand your global business knowledge by networking with local companies overseas and experiencing a new culture.

The career impact of a Boler MBA is formative and will help prepare you for this future of business and get more out of your career. To learn more about John Carroll University’s Boler MBA programs, please go to business.jcu.edu


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Past guests include Justin Bibb (Mayor of Cleveland), Pat Conway (Great Lakes Brewing), Steve Potash (OverDrive), Umberto P. Fedeli (The Fedeli Group), Lila Mills (Signal Cleveland), Stewart Kohl (The Riverside Company), Mitch Kroll (Findaway — Acquired by Spotify), and over 200 other Cleveland Entrepreneurs.

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#194: Hanna Kassis (Babylon Asset Management) — Business Financing, Private Credit, and Growth Capital

#194: Hanna Kassis (Babylon Asset Management) — Business Financing, Private Credit, and Growth Capital

Jeffrey Stern