Blue Owl Capital is planning to list billions of dollars of assets from its Dyal Capital Partners business in a rare, sizable IPO in the U.K., Bloomberg reports, citing people familiar with the matter.
The investment firm is working with Bank of America, Goldman Sachs and JPMorgan Chase & Co.on a listing in the first half.
Blue Owl was formed through a merger of Dyal Capital and Owl Rock Capital. The combined companies were taken public in May 2021 by Altimar Acquisition. The deal was dogged by legal challenges almost from the day it was announced.
In the latest move to list in the U.K, Blue Owl would likely place assets including some of Dyal’s minority stakes in private equity firms in the vehicle, according to Bloomberg. Blue Owl, which lists in New York, manages about $94 billion in assets covering money managers, private credit and real estate. Read more.
