Earl A. Lariscy
About Earl A. Lariscy
Earl A. Lariscy (year of birth: 1966) serves as Vice President and Assistant Secretary of DoubleLine Opportunistic Credit Fund (DBL) with an indefinite term; he has been Vice President since May 2012 and Assistant Secretary since inception. He is also Vice President and Assistant Secretary of DoubleLine Income Solutions Fund (DSL) and DoubleLine Yield Opportunities Fund (DLY), and Vice President of DoubleLine Funds Trust; he has served as General Counsel of DoubleLine Group LP since April 2010. Education credentials are not disclosed in fund filings; performance metrics such as TSR or AUM/revenue growth are not disclosed for officers in the proxy statements.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| DoubleLine Opportunistic Credit Fund (DBL) | Vice President | Since May 2012 | Not disclosed in filings |
| DoubleLine Opportunistic Credit Fund (DBL) | Assistant Secretary | Since inception | Not disclosed in filings |
| DoubleLine Income Solutions Fund (DSL) | Vice President and Assistant Secretary | Since inception | Not disclosed in filings |
| DoubleLine Yield Opportunities Fund (DLY) | Vice President and Assistant Secretary | Since November 2019 | Not disclosed in filings |
| DoubleLine Funds Trust | Vice President | Since May 2012 | Not disclosed in filings |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| DoubleLine Group LP | General Counsel | Since April 2010 | Not disclosed in filings |
Fixed Compensation
- Officers employed by DoubleLine or its affiliates do not receive compensation or expense reimbursement from the Funds; compensation for Mr. Lariscy is not disclosed at the fund level.
Performance Compensation
- Not disclosed for fund officers; no details on bonus targets, RSUs/PSUs, options, performance metrics, vesting schedules, clawbacks, tax gross-ups, or severance/change-of-control terms for Mr. Lariscy in the fund proxy.
Equity Ownership & Alignment
- The Funds state that Trustees, nominees, and officers as a group beneficially owned less than 1% of each Fund’s outstanding common shares as of December 31, 2024. Individual beneficial ownership for Mr. Lariscy is not disclosed.
| Item | DBL | DSL | DLY |
|---|---|---|---|
| Trustees, nominees, and officers as a group beneficial ownership (% of outstanding shares) | <1% | <1% | <1% |
- Shares pledged as collateral, hedging, or ownership guideline compliance for Mr. Lariscy are not disclosed in the proxy. The bylaws and proxy procedures reference disclosure expectations around derivatives/arrangements, but no individual pledging details are provided for officers.
- Context: Sit Investment Associates, Inc. held 2,948,686 DBL common shares, representing 16.1% of the class as of December 31, 2024 (large holder concentration context, not attributable to Mr. Lariscy).
Employment Terms
| Fund | Title(s) | Term of Office | Start Date(s) | Contract Terms |
|---|---|---|---|---|
| DBL | Vice President; Assistant Secretary | Indefinite | VP since May 2012; Assistant Secretary since inception | Not disclosed in filings |
| DSL | Vice President; Assistant Secretary | Indefinite | Since inception | Not disclosed in filings |
| DLY | Vice President; Assistant Secretary | Indefinite | Since November 2019 | Not disclosed in filings |
| DoubleLine Funds Trust | Vice President | Indefinite | Since May 2012 | Not disclosed in filings |
- Severance, change-of-control, non-compete/non-solicit, garden leave, consulting arrangements, and clawback provisions for Mr. Lariscy are not disclosed in fund proxy materials.
Investment Implications
- Pay-for-performance and selling pressure signals are limited at the fund level: officers employed by DoubleLine or affiliates do not receive fund-paid compensation, and individual officer equity ownership (including pledged or hedged positions) is not disclosed; group holdings are under 1%, suggesting low direct alignment via fund shares and minimal fund-level insider selling pressure attributable to officers.
- Tenure and responsibilities indicate continuity in governance and legal oversight across the DoubleLine fund complex (Vice President of DBL since May 2012; General Counsel of DoubleLine Group LP since April 2010), but without disclosed incentive structures, there are no actionable compensation-alignment levers to evaluate relative to fund performance targets.
- Monitoring priorities: watch for any Item 5.02 8-K filings or future proxy disclosures that specify officer agreements, ownership, or pledging, and any Form 4 filings that would reveal trading behavior; none are present or referenced in the current fund proxy materials.