Blue Owl Capital Inc. to Acquire Kuvare Asset Management for $750 Million to Expand Insurance Solutions
Blue Owl Capital Inc. to Acquire Kuvare Asset Management for $750 Million to Expand Insurance Solutions
04/03/24, 10:08 AM
Location
new yorkrosemontIndustry
software
financial services
insurance
financial services
Blue Owl Capital Inc., a leading alternative asset manager, has confirmed its definitive purchase agreement to acquire Kuvare Asset Management for $750 million. This strategic acquisition aims to provide broader solutions to the multi-trillion-dollar insurance market at scale and expand Blue Owl's presence in the insurance channel by creating long-term alignment with Kuvare and the potential for significant growth capital.
Company Info
Location
New York, New York, United States
Company info
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.
With $235 billion in assets under management as of September 30, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.