Owl Rock Capital Group and Dyal Capital Partners have successfully completed their business combination, resulting in the formation of Blue Owl Capital Inc. (NYSE: OWL). Approved on May 18, 2021, this merger provides public investors access to direct lending and GP capital solutions. As of March 31, 2021, combined assets under management stand at $52.5 billion, with 91% in permanent capital. Led by a seasoned management team, Blue Owl aims to enhance earnings visibility and establish a robust position in the alternative asset management space.
Dyal Capital Partners has secured investor consents for its strategic merger with Owl Rock Capital Group and Altimar Acquisition Corporation (NYSE: ATAC). The SEC has declared effective the S-4 registration, with a special stockholder meeting set for May 18, 2021, to finalize approval. This merger forms Blue Owl Capital, an alternative asset manager with $50.9 billion in AUM, primarily focused on Direct Lending and GP Capital Solutions. The transaction is expected to close on May 19, 2021, subject to customary conditions, with Blue Owl to be listed on the NYSE under the symbol 'OWL.'
Altimar Acquisition Corporation (NYSE: ATAC) announced that the SEC has declared effective its Registration Statement related to the proposed Business Combination with Owl Rock Capital Group and Dyal Capital Partners to form Blue Owl Capital Inc. A record date of April 23, 2021, and a Special Meeting date of May 18, 2021, have been set for shareholder approval. With all necessary approvals from Owl Rock and Dyal stakeholders secured, the transaction is expected to close after the Special Meeting. For shareholders, the meeting will be virtual due to Covid-19 restrictions.