Blue Owl Capital Announces $12.9bn Final Close for Dyal Capital Partners V

Blue Owl Capital announced the final closing of Dyal Capital Partners V with $12.9bn of committed capital. Fund V closed on December 30 and was almost $4bn larger than the team’s previous fund, Dyal Capital Partners IV.

Aggregate commitments across Blue Owl’s GP Capital Solutions funds and co-investment vehicles now total more than $37 billion, solidifying the company’s position as the leading provider of minority equity capital to well-established alternative asset management companies. Blue Owl’s GP Capital Solutions division has minority partnerships in over 55 firms and $47.8 billion under management as of September 30, 2022.

“The strong investor support for Fund V underscores the attractiveness that a GP Capital Solutions investment can provide to investors during times of economic uncertainty,” said Michael Rees, Co-Founder and Co-President of Blue Owl. “With over $2 trillion of dry powder across the private equity industry and a leading group of GPs already in the Fund V portfolio, we are incredibly optimistic that we will drive value for both our investors and the general partners.”

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Fund V’s objective is to provide passive, minority equity capital primarily for building GP balance sheets that enable leading firms to invest more capital alongside their investors. Ultimately, Fund V expects to make investments in approximately 20 private equity firms diversified by asset class, strategy, and geography.

Fund V has made investments in 17 firms to date, including: CVC Capital Partners, H.I.G. Capital, I Squared Capital, KPS Capital Partners, Lead Edge Capital, MBK Partners and PAI Partners. With these transactions, Fund V has already committed approximately 70% the fund’s capital.

“Our market-leading position in GP capital solutions enables us to partner with leading managers whose capital needs can only be fulfilled by a select few,” said Sean Ward, Senior Managing Director at Blue Owl. “That said, our value proposition extends beyond serving as a source of capital. We provide access to our over 40-person Business Services Platform, an advisory team of industry professionals who support our partners’ business objectives in a variety of areas including capital strategy, private wealth, human capital advisory, ops advisory, corporate strategy and M&A, ESG advisory, diversity, equity and inclusion and data science.”

Fund V is backed by a global investor base that includes sovereign wealth funds, public and corporate pension plans, endowments, foundations and family offices. Over 60% of the capital comes from the Americas and more than 20% from Asia, reflecting the broad geographic appeal of Blue Owl’s investment strategy.

Source: PR Newswire

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