Wed, May 18, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Blue Owl purchases Ascentium as part of further APAC expansion

Tuesday, December 14, 2021

Laxman Pai, Opalesque Asia:

US-listed alternative investment house Blue Owl Capital acquired Hong Kong-based Ascentium Group, a business development office, which subjects to government approval, will be renamed Blue Owl Capital HK in coming weeks.

Blue Owl recently opened an office in Singapore, so the Ascentium deal and Hong Kong presence bolster its Asian footprint.

According to a press release from the alternative asset manager, the new Hong Kong office will strengthen the firm's presence in the Asia-pacific region as it also recently opened an office in Singapore. This is Blue Owl's ninth global office.

Ascentium's founder and CEO James Lee is taking on the new role of head of Blue Owl's institutional sales team in Asia. Ascentium was founded in 2020 as a joint venture with Owl Rock Capital Group.

Blue Owl CEO Douglas Ostrover said: "To better serve our current and prospective clients globally, we are thrilled to strengthen our presence in Asia with this acquisition of Ascentium. There is a tremendous opportunity for GP stakes, direct lending, and real estate solutions in the APAC region and we look forward to bringing our unique offerings to a market that is well-positioned for long-term growth."

James said: "I'm delighted to lead Blue Owl's institutional sales efforts in the region. The firm has established great partnerships globally and we look forward to broadening our existing and building new relationships with Asian institu......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  3. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  4. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm

  5. Other Voices: The selloff is overdone[more]

    Authored by Heeten Doshi, founder of Doshi Capital Management. Anyone who is still bearish and calling for more downside is foolish. The selloff is overdone. To point to further declines from here is poor risk management. With the Nasdaq 100 down 22% and S&P 500 down 13% for the year