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Laxman Pai, Opalesque Asia: Alternative asset manager Blue Owl Capital Inc has raised $12.9 billion for its
latest fund Dyal Capital Partners V.
The asset manager with $132.1 billion of AUM said in a media release that
aggregate commitments across Blue Owl's GP Capital Solutions funds and co-
investment vehicles now total more than $37 billion.
The fund acquires minority investments in alternative money managers. To date,
Dyal Capital Partners V has made investments in 17 firms, including CVC Capital
Partners, H.I.G. Capital, I Squared Capital, and KPS Capital Partners, according
to the news release. 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 previous fund, Dyal Capital Partners IV, was closed in 2019 with $9 billion in
capital commitments.
Since the closing of the previous fund, Neuberger Berman Group's Dyal Capital
Partners merged with Owl Rock Capital Group, and the two combined with a
special purpose acquisition company, Altimar Acquisition Corp., to form Blue Owl
Capital.
"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...................... To view our full article Click here
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