Partnership will target mid-sized private market
managers
NEW YORK and ABU
DHABI, UAE, Feb. 7, 2024 /PRNewswire/ -- Blue Owl
Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset
manager, and Lunate, a global alternative investment manager
headquartered in Abu Dhabi,
managing US$105 billion in assets,
announced today a joint venture to provide growth capital to
leading mid-sized private capital GPs.
The joint venture will seek to acquire minority stakes in
private market investment managers with fee-paying assets under
management of less than $10 billion.
The joint venture plans to target GPs with a clear sector
specialization, differentiated approach, strong leadership and
culture, and an established foundation of a durable, stable
platform with identifiable key drivers of franchise value.
Lunate invests primarily in private markets through a
multi-asset class approach, including private equity, venture
capital, private credit, real assets, and public equities and
public credit. Lunate, together with Blue Owl's GP Strategic
Capital platform, a market leader in GP minority investing, will
create a powerful and differentiated proposition in the mid-market
segment for GPs seeking growth capital and strategic
partnerships.
"We are excited to partner with Lunate, which is a leading
global private markets solutions provider based out of Abu Dhabi," said Michael Rees from Blue Owl. "They bring valuable
investment experience as both an LP and minority GP stake investor.
We think the combined effort will be truly differentiated for
mid-sized GPs and be complementary to our existing strategy focused
on larger managers."
"Our joint venture with Blue Owl speaks to Lunate's aim of
identifying and investing in a mid-sized GP Stakes Strategy that
will enable our clients to participate in the broader dynamics of
private markets investing" said Khalifa Al
Suwaidi, Managing Partner, Lunate. "Blue Owl are pioneers
and leaders in this space, and together, we are well positioned to
add strategic value through our multi-asset platform, global
networks, and industry expertise."
About Blue Owl Capital
Blue Owl (NYSE: OWL) is a leading asset manager that is
redefining alternatives.
With $157 billion in assets under
management1, we invest across three multi-strategy
platforms: Credit, GP Strategic Capital, and Real Estate. Anchored
by a strong permanent capital base, we provide businesses with
private capital solutions to drive long-term growth and offer
institutional and individual investors differentiated alternative
investment opportunities that aim to deliver strong performance,
risk-adjusted returns, and capital preservation.
Together with over 650 experienced professionals in more than 10
offices globally, Blue Owl brings the vision and discipline to
create the exceptional. To learn more, visit
www.blueowl.com
1 As of September 30,
2023
Forward Looking Statements
Certain statements made in this release are "forward looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "estimates,"
"projected," "expects," "anticipates," "forecasts," "plans,"
"intends," "believes," "seeks," "may," "will," "would," "should,"
"future," "propose," "target," "goal," "objective," "outlook" and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. Any such forward-looking statements are
made pursuant to the safe harbor provisions available under
applicable securities laws and speak only as of the date made. Blue
Owl assumes no obligation to update or revise any such
forward-looking statements except as required by law.
These forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside Blue Owl's control, that could
cause actual results or outcomes to differ materially from those
discussed in the forward-looking statements.
Important factors, among others, that may affect actual results
or outcomes include the inability to recognize the anticipated
benefits of strategic acquisitions; costs related to acquisitions;
the inability to maintain the listing of Blue Owl's shares on the
New York Stock Exchange ("NYSE"); Blue Owl's ability to manage
growth; Blue Owl's ability to execute its business plan and meet
its projections; potential litigation involving Blue Owl; changes
in applicable laws or regulations; and the possibility that Blue
Owl may be adversely affected by other economic, business,
geo-political and competitive factors.
Investor Contact:
Ann
Dai
Head of Investor Relations
blueowlir@blueowl.com
Media Contact:
Nick
Theccanat
Principal, Corporate Communications & Government Affairs
nick.theccanat@blueowl.com
About Lunate
Lunate is a new Abu
Dhabi-based, Partner-led, independent global alternative
investment manager with more than 150 employees and $105 billion of assets under management. Lunate
invests across the entire private markets spectrum including
buyouts, growth equity, early and late-stage venture capital,
private credit, real assets, and public equities and public credit.
Lunate aims to be one of the world's leading private markets
solutions providers through SMAs and multi-asset class funds,
seeking to generate best-in-class risk-adjusted returns for its
clients.
Media Contact:
For any media inquiries, please contact media@lunate.com
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SOURCE Blue Owl Capital