Blue Owl Capital Completes Acquisition of Kuvare Asset Management

NEW YORK, July 2, 2024 /PRNewswire/ — Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager, today announced the completion of the acquisition of Kuvare Insurance Services LP (trading as Kuvare Asset Management) (“KAM”). The transaction was previously announced in April 2024.

KAM is a boutique investment management firm with approximately 20 billion dollars assets under management as of May 31, 2024KAM focuses on providing asset management services to the insurance industry, including Kuvare UK Holdings.

Blue Owl’s acquisition of KAM enhances its ability to serve the insurance market at scale and marks the official launch of Blue Owl Insurance Solutions. Operating seamlessly across the company’s investment platforms, Insurance Solutions combines a focused alternative approach with expanded industry capabilities to now serve insurance clients across a broader range of needs.

The formation of Insurance Solutions supports the next stage of Blue Owl’s growth by expanding its partnerships with insurance companies and providing the company with a large and diversified source of capital.

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager redefining alternatives.

From over $174 billion in assets under management as of March 31, 2024We invest across three multi-strategy platforms: Credit, GP Strategic Capital and Real Estate. With a strong, enduring capital base, we provide companies with private capital solutions to drive long-term growth and offer institutional investors, individual investors and insurance companies a diverse range of alternative investment opportunities designed to deliver high-performance, risk-adjusted returns and capital preservation.

With over 725 experienced professionals worldwide, Blue Owl brings the vision and discipline to create exceptionalism. To learn more, visit www.blueowl.com.

Forward-looking statements

Certain statements in this press release are “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In this press release, the words “estimate,” “forecast,” “expect,” “anticipate,” “projective,” “plan,” “intend,” “believe,” “seek,” “may,” “will,” “should,” “future,” “propose,” “goal,” “target,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor provisions of applicable securities laws and speak only as of the date they are made. Blue Owl disclaims any obligation to update or revise any forward-looking statements, except as required by law.

These forward-looking statements are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond Blue Owl’s control, that could cause actual outcomes or results to differ materially from those discussed in the forward-looking statements.

Material factors that could affect actual results or outcomes include, among others: the inability to recognize the expected benefits of strategic acquisitions; acquisition-related costs; the inability to maintain Blue Owl’s stock listing on the New York Stock Exchange; the ability of Blue Owl to manage growth; the ability of Blue Owl to execute its business plan and meet its forecasts; potential litigation involving Blue Owl; changes in applicable laws or regulations; and the possibility that Blue Owl may be adversely affected by other economic, business, geopolitical and competitive factors.

Blue Owl Investor Contact
Anna Dai
Head of Investor Relations
(email protected)

Blue Owl Media Contact
Nick Theccanat
Director of Corporate Communications and Government Affairs
(email protected)

SOURCE Blue Owl Capital Inc.