On July 16, 2024, Blue Owl Capital announced that it will acquire Atalaya Capital Management.
Blue Owl Capital (“Blue Owl”) announced, on July 16, 2024, that it entered into a definitive agreement to acquire Atalaya Capital Management LP (“Atalaya”). The closing purchase price is $450 million, comprised of $350 million in Blue Owl equity and $100 million in cash, and potential for up to $350 million of earnout consideration in the form of equity. The transaction is expected to close in the second half of 2024. Further terms of the transaction were not disclosed.
Blue Owl (NYSE: OWL), based in New York City, is an alternative asset manager that invests in real estate, credit, and GP strategic capital. As of March 2024, Blue Owl had over $174 billion in assets under management.
Atalaya, based in New York City, is a registered investment advisor and alternative credit manager that focuses primarily on asset-based credit investments including specialty finance, real estate and corporate assets. As of June 2024, Atalaya had over $10 billion in assets under management.
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