Dyal Capital Partners, a firm created by Neuberger Berman to buy passive stakes in alternative asset managers, and direct lender Owl Rock Capital Partners completed their merger and subsequent $12.5bn SPAC deal with Altimar Acquisition. The combined company is now known as Blue Owl.
Not only does this create a major new player in the world of publicly-listed alternative investments, but it’s also the end of a five-month legal odyssey during which two of Dyal’s portfolio firms sued to block the merger.
The combined business will offer public investors exposure to both direct lending and the stake-sale business.
Source: Axios
Can’t stop reading? Read more
Blackstone taps bond market as private credit BDCs end issuance drought
Blackstone taps bond market as private credit BDCs end issuance drought Blackstone's private...
EQT raises the stakes with revised $12.3bn bid for Intertek
EQT raises the stakes with revised $12.3bn bid for Intertek EQT has tabled an improved takeover...
Temasek’s Azalea bets on evergreen structure to democratise private equity access
Temasek's Azalea bets on evergreen structure to democratise private equity access Azalea, a unit...