Blue Owl Capital Inc. to acquire Atalaya Capital Management LP to expand alternative credit and asset-based finance capabilities
Blue Owl Capital Inc. to acquire Atalaya Capital Management LP to expand alternative credit and asset-based finance capabilities
07/16/24, 11:09 AM
Location
new yorknew yorkIndustry
software
financial services
investment management
Blue Owl Capital Inc., a leading alternative asset manager, has entered into a definitive agreement to acquire the business of alternative credit manager Atalaya Capital Management LP for $450 million. The acquisition is expected to significantly expand Blue Owl's alternative credit offerings and deliver a more robust suite of financing solutions to stakeholders. Ivan Zinn, the Founding Partner and Chief Investment Officer of Atalaya, is expected to join Blue Owl as Head of Alternative Credit.
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.