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In March 2022, Blue Owl announced it planned to hold an IPO for Dyal Capital on the London Stock Exchange. [12] In June 2023, Bloomberg reported that Dyal Capital would be renamed to Blue Owl GP Strategic Capital due to tensions among the co-founders where Rees was asked to resign. Dyal Capital came from the name of his children. [28]
Michael Rees (born 1974 or 1975) is an American billionaire private equity businessman, and a co-founder and co-president of Blue Owl Capital. Rees was born in Pittsburgh, Pennsylvania. [2] [3] Rees earned a bachelor's degree in engineering from the University of Pittsburgh, and a master's degree from the Massachusetts Institute of Technology ...
Blue Owl is the merger of two asset managers, Dyal Capital and Owl Rock Capital, which were combined and brought public earlier this year in a SPAC acquisition. With reporting from Kurt Badenhausen .
Dyal, a unit of the newly public Blue Owl Capital Inc, is best known for taking minority stakes in private-equity and credit firms. On July 6, Dyal said it would take a similar-sized stake in the ...
Blue Owl HomeCourt, formerly known as Dyal Capital, completed its first NBA investment in July of 2021, buying a minority stake in the Phoenix Suns at a $1.55 billion valuation.
Perella Weinberg has advised on numerous SPAC transactions such as Pershing Square Tontine Holdings' acquisition of 10% of Universal Music Group for approximately $4 billion and Owl Rock Capital Group’s definitive business combination agreement with Dyal Capital Partners to form Blue Owl Capital Inc. and list on NYSE via a $12.5B business ...
Dyal Capital Partners is one of a few names driving a recent surge among private equity firms acquiring minority stakes in other asset managers. Dyal holds so-called GP stakes in more than 40 ...
In April 2017, Dyal Capital Partners made a strategic minority investment valuing Sixth Street at $3.5 billion. All proceeds from the transaction were reinvested into Sixth Street's business. [ 26 ] In February 2021, Sixth Street filed a lawsuit against Dyal, claiming that a competitor will own a stake of the firm after Dyal merges with Owl ...