Blue Owl GP Strategic Capital

Overview

Blue Owl's GP Strategic Capital platform — formerly Dyal Capital Partners, founded by Michael Rees at Neuberger Berman in 2010 — is the largest buyer of minority stakes in alternative asset managers, with more than 60 partner firms. Its fifth flagship fund closed at $12.9B in 2023, the biggest GP-stakes fund ever raised, and the platform also provides GP debt financing alongside equity stakes.

Key facts

• Formerly Dyal Capital Partners, founded 2010 at Neuberger Berman
• More than 60 partner managers on the platform
• Closed GP Stakes Fund V at $12.9B (2023) — the largest ever
• Part of NYSE-listed Blue Owl Capital (OWL)