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Blue Owl Capital Inc. operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases. It offers its solutions through permanent capital vehicles, as well as long-dated private funds. The company is headquartered in New York, New York.
In December 2020, Blue Owl was formed as the result of a merger between Owl Rock Capital Group and Dyal Capital Partners. The two firms combined with a special-purpose acquisition company, 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 and Liberty Mutual.On May 20, 2021, Blue Owl held an initial public offering where it 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.
