On April 3, 2024, Blue Owl announced that it will acquire Kuvare Asset Management.
Blue Owl Capital Inc. (“Blue Owl”) announced that it will acquire Kuvare Asset Management (“KAM”). Blue Owl said it plans to buy KAM for up to $1 billion in a cash-and-stock transaction. The deal is expected to close in the second or third quarter of 2024. Upon the deal’s closing, most KAM employees are expected to join the Blow Owl team. Further terms of the transaction were not disclosed.
Blue Owl (NYSE: OWL), based in New York, is an alternative asset manager that invests in real estate, credit, and GP strategic capital. As of December 2023, Blue Owl had $165.7 billion in assets under management. Ardea Partners LP served as lead financial advisor to Blue Own in connection with the transaction.
KAM, based in Rosemont, Illinois, is a boutique investment management firm focused on providing asset management services to the insurance industry. As of December 31, 2023, KAM had $27.6 billion in assets under management.
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