Owl Rock, Dyal Capital to merge in $12 billion deal
Bloomberg
Owl Rock Capital Group and Dyal Capital Partners, both based in New York, are coming together to form a new publicly traded investment firm.
Owl Rock Capital Group and Neuberger Berman Group s Dyal Capital Partners announced Wednesday that they have agreed to merge.
The two firms will combine with a special purpose acquisition company, Altimar Acquisition Corp., to form a publicly traded alternative investment firm, Blue Owl Capital Inc., according to an SEC filing.
Altimar is sponsored by alternative investment firm HPS Investment Partners.
The deal valued at about $12.2 billion and includes a combined $1.5 billion commitment from ICONIQ Capital, CH Investment Partners, $6.8 billion Koch Companies Defined Benefit Master Trust, Wichita, Kan, the Federated Hermes Kaufmann Funds and Liberty Mutual Investments.