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Home›Portfolio management›Blue Owl provides funds for co-investments and secondary transactions

Blue Owl provides funds for co-investments and secondary transactions

By Sue Norton
August 10, 2021
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Blue Owl Capital Inc. plans to raise new funds focused on co-investments, secondary transactions and lending to fund managers as it leverages its fundraising activity of alternative markets companies, according to co-chair Michael Rees.

“All of this will complement our existing minority equity investment strategy and will greatly benefit from the close relationships we have with private market companies across Blue Owl,” Rees said Tuesday on the first conference call on the results of the New York company.

Blue Owl was formed in May through a tripartite combination of Dyal Capital Partners, Owl Rock Capital and blank check firm Altimar Acquisition Corp. The company had about $ 62.4 billion in assets under management at the end of June, up 17% from December. . 31, according to an investor presentation released Tuesday.

Mr. Rees and Sean Ward, both veterans of Lehman Brothers Holdings Inc., founded Dyal to take minority stakes in private equity firms, credit firms and hedge funds. The investment management firm Neuberger Berman Group LLC had owned Dyal from its inception.

Mr. Rees has become co-chairman of Blue Owl alongside Marc Lipschultz, co-founder of investor-credit Owl Rock, while Douglas Ostrover, co-founder of Owl Rock, leads the new company as director. general. Mr. Ward and Craig Packer, another co-founder of Owl Rock, are the senior managing directors of Blue Owl.


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