Blackstone and Blue Owl Capital have acquired a minority stake in Atlas Holdings, expanding their exposure to the growing GP stakes market.

The investment was completed through Blackstone’s GP stakes platform and Blue Owl’s GP strategic capital strategy, according to a company statement.

Founded in 2002 and headquartered in Greenwich, Connecticut, Atlas manages more than $16bn in assets and owns or operates about 30 industrial, manufacturing, and distribution businesses.

The firm recently raised $6.45bn for its fifth flagship private equity fund, underscoring strong investor demand for industrial-focused buyout strategies.

Minority investments in private capital managers have become increasingly popular as firms seek additional capital to support new strategies, expand into new geographies, or increase GP commitments to their funds.

Blackstone has built one of the largest GP stakes businesses globally. The firm has previously acquired stakes in managers including American Industrial Partners, GTCR, Leonard Green & Partners, Sentinel Capital Partners, and Nautic Partners.

Blue Owl Capital has also been an early participant in the GP stakes market. The firm has backed managers including Vista Equity Partners and Bridgepoint Group.

In 2024, Blue Owl formed a joint venture with Lunate to provide capital to mid-sized private capital managers.

The latest transaction highlights continued institutional demand for GP stakes strategies as investors seek exposure to the management companies of private equity firms.

If you think we missed any important news, please do not hesitate to contact us at [email protected].

Can`t stop reading? Read more.