Blue Owl Capital

Blue Owl Capital was formed in May 2021 through the merger of Dyal Capital Partners and Owl Rock Capital Group, a deal facilitated by the special-purpose acquisition company Altimar Acquisition Corp. The merger, valued at approximately $12.2 billion, brought together Dyal's expertise in acquiring minority interests in hedge funds and private equity firms with Owl Rock's focus on middle-market private credit and direct lending. Shortly after its formation, the firm expanded its capabilities by acquiring Oak Street, a private equity real estate firm, for $950 million in October 2021.

The firm has continued to grow through strategic acquisitions and partnerships, including the purchase of Hong Kong-based Ascentium Group to facilitate Asian expansion and the acquisition of private credit firm Atalaya Capital Management in 2024. Blue Owl is notable for large-scale infrastructure and technology projects, such as a $27 billion joint venture with Meta Platforms to develop a data center for AI in Louisiana. Headquartered in New York City, the firm maintains a global presence with offices in London, Dubai, Hong Kong, and across the United States.