Blue Owl Capital (also known as Blue Owl) is an American

alternative investment An alternative investment, also known as an alternative asset or alternative investment fund (AIF), is an investment in any asset class excluding stocks, bonds, and cash. The term is a relatively loose one and includes tangible assets such as ...

asset management firm. It is currently listed on the New York Stock Exchange under the ticker symbol: "OWL". The firm is headquartered in New York City with additional offices in Hong Kong, Singapore, and elsewhere.

History

In December 2020, it was announced there would be a merger between Owl Rock Capital Group and Dyal Capital Partners. The two firms would combine with a

special-purpose acquisition company A special purpose acquisition company (SPAC; ), also known as a "blank check company", is a shell corporation listed on a stock exchange with the purpose of acquiring a private company, thus making it public without going through the traditional i ...

, Altimar Acquisition Corp to form Blue Owl. The deal was valued at $12.2 billion which included a $1.5 billion commitment from investors such as ICONIQ Capital,

Federated Hermes Federated Hermes is an investment manager headquartered in Pittsburgh, Pennsylvania, United States. Founded in 1955 and incorporated on October 18, 1957, the company manages $624 billion of customer assets, as of Sept. 30, 2022. The company offe ...

and Liberty Mutual. On May 19, 2021, the transaction was completed and Blue Owl was listed on the New York Stock Exchange. On October 18, 2021, Blue Owl acquired Oak Street, a private equity real estate firm for $950 million. On December 13, 2021, Blue Owl acquired Ascentium Group, a business development office based in Hong Kong. This was done as part of its plans to expand in Asia. In March 2022, Blue Owl announced it planned to hold an IPO for Dyal Capital on the London Stock Exchange. In October 2022, Bloomberg reported Blue Owl intended to expand the size of its offices in Greenwich, Connecticut and had opened an office in New Jersey.

Business overview

Blue Owl has three business units: Dyal Capital, Oak Street and Owl Rock.

Dyal Capital

Dyal Capital was formed in 2011 by Michael Rees and Sean Ward who were both formerly of Lehman Brothers. Since inception, the firm has been part of Neuberger Berman which currently retains a stake in Blue Owl as a result of the merger. Dyal Capital provides financing to hedge funds and private equity firms by acquiring minority interests in them. Firms it has acquired interests in include: * Bridgepoint Group * Golub Capital *

H.I.G. Capital H.I.G. Capital is a Miami, Florida–based private equity and alternative assets investment firm with $53 billion of equity capital under management. The firm operates a family of private equity, growth equity, credit/special situation, primary ...

* ICONIQ Capital * JANA Partners LLC * KPS Capital Partners * MBK Partners * Providence Equity *

Silver Lake Silver is a chemical element with the symbol Ag (from the Latin ', derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical ...

* Sixth Street Partners *

Starwood Capital Group Starwood Capital Group is an investment firm headquartered in Miami Beach, Florida. It is managed by Barry Sternlicht. It was co-founded by Sternlicht and Robert Faith in 1991. In 1993, Faith left Starwood to found Greystar Real Estate Partners ...

* Vista Equity Partners In July 2021, Dyal Capital acquired minority stakes in the

NBA The National Basketball Association (NBA) is a professional basketball league in North America. The league is composed of 30 teams (29 in the United States and 1 in Canada) and is one of the major professional sports leagues in the United St ...

teams,

Phoenix Suns The Phoenix Suns are an American professional basketball team based in Phoenix, Arizona. They compete in the National Basketball Association (NBA), as a member of the league's Western Conference Pacific Division. The Suns are the only team in t ...

and Sacramento Kings.

Funds

Oak Street

Oak Street was founded in 2009 by Marc Zahr and James Hennessey. Oak street is private equity real estate firm based in Chicago that focuses on structuring sale- leasebacks. In August 2021, Oak Street acquired The Bow in

Calgary Calgary ( ) is the largest city in the western Canadian province of Alberta and the largest metro area of the three Prairie Provinces. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806, makin ...

for $1.2 billion.

Owl Rock

Owl Rock was founded in 2016 by Doug Ostrover (co-founder of GSO Capital Partners), Marc Lipschultz (former

KKR KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strateg ...

partner) and Craig Packer (formerly of

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

). The firm is a middle market Private credit

direct lending Direct Lending is a form of corporate debt provision in which lenders other than banks make loans to companies without intermediaries such as an investment bank, a broker or a private equity firm. In direct lending, the borrowers are usually smalle ...

firm that deals with credit investments. Its clients include George Soros,

Brown University Brown University is a private research university in Providence, Rhode Island. Brown is the seventh-oldest institution of higher education in the United States, founded in 1764 as the College in the English Colony of Rhode Island and Providenc ...

and the state of South Carolina.

References

External links

* {{authority control 2020 establishments in New York (state) American companies established in 2020 Companies listed on the New York Stock Exchange Financial services companies based in New York City Financial services companies established in 2020 Investment companies based in New York City Private equity firms of the United States 2021 initial public offerings Publicly traded companies based in New York City