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Blue Owl Expands Direct Lending and ABF Capabilities with Atalaya Acquisition

Posted on by darion

Blue Owl Increases AUM by $17B, Expanding Alternative Lending Capabilities with Atalaya Acquisition

L-R: Blue Owl Co-CEOs Doug Ostrover and Marc Lipschultz, Atalaya Founder and CIO Ivan Zinn

Blue Owl Capital is expanding its private credit and asset-based financing business with an agreement to acquire alternative credit specialist Atalaya Capital Management for $450 million. Under the terms of the agreement, Blue Owl will pay $350 million in equity and $100 million in cash. An additional $350 million in equity-based consideration is possible, (…)