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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, 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 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.
