How Blue Owlâs $12.5B SPAC Deal Could Shape The Future Of Private Equity Share to Facebook Share to Linkedin This is an excerpt from Deal Flow, Forbesâ daily newsletter about big buyouts, big mergers and the rest of Big Finance. Want a new edition in your inbox every afternoon? . What happens when you combine just about every major buzzword that has enveloped private equity in recent years in a single $12.5 billion transaction, one that underscores the many ways the industry has evolved and diversified away from its barbarian beginnings in the 1980s? Blue Owl Capital is about to find out.