Blue Owl Lures Abu Dhabi's Lunate for Wagers on Mid-Size Asset Managers.

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  • Additional Information
    • Subject Terms:
      MIDDLE East; ABU Dhabi (United Arab Emirates)
    • Subject Terms:
      BLOOMBERG LP
    • Abstract:
      Blue Owl Capital Inc. has announced a partnership with Lunate, an investment manager backed by Abu Dhabi sovereign wealth fund ADQ, to purchase minority stakes in mid-size asset managers. Lunate will contribute $500 million to the effort, while Blue Owl aims to raise $2.5 billion. The joint venture will focus on backing firms with less than $10 billion of fee-paying assets under management. This new venture will compete with other institutions that have also targeted mid-size managers. [Extracted from the article]
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