Sixth Street Partners got roundly rejected by a Delaware judge, who ruled that the firm cannot block a proposed merger between Dyal Capital Partners and Owl Rock Capital, Axios reports.
In the short term, this clears the path for Dyal and Owl Rock to go public via SPAC (Altimar Acquisition)at an implied $12.5 billion market value. In the longer term, it could create hesitancy among private investment firms that are thinking about selling ownership stakes to Dyal or one of its growing number of rivals. Read more.
