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Blue Owl Capital Inc. to acquire Atalaya Capital Management LP to expand alternative credit and asset-based finance capabilities

Jul 16, 2024•about 1 year ago

Acquiring Company

Blue Owl Capital

Acquired Company

Atalaya Capital Management

New YorkNew YorkFinanceSoftwareInvestment Management

Description

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 Information

Company

Blue Owl Capital

Location

New York, New York, United States

About

Blue Owl is a global alternative asset manager with $94.5 billion in assets under management as of December 31, 2021. Anchored by a strong permanent capital base, the firm deploys private capital across Direct Lending, GP Solutions and Real Estate strategies on behalf of Institutional and Private Wealth clients. Blue Owl's flexible, consultative approach helps position the firm as a partner of choice for businesses seeking capital solutions to support their sustained growth. The firm's management team is comprised of seasoned investment professionals averaging more than 25 years of experience building alternative investment businesses. Blue Owl employs over 350 people across nine offices globally.

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M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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