Owl Rock Capital, Neuberger Berman-backed Dyal Capital Partners and Altimar Acquisition completed the formation of Blue Owl Capital in a $12.5bn deal.

Owl Rock Capital, a specialty finance company, Neuberger Berman-backed Dyal Capital Partners and Altimar Acquisition, a blank check company, completed the formation of Blue Owl Capital, an alternative asset management firm with over $45bn in assets under management, in a $12.5bn deal. "Today marks an important milestone in our mission to provide public investors access to the fastest growing areas of private markets and our clients with access to attractive private investments to help them achieve their return objectives. We are excited about the opportunity to deliver value for our shareholders by continuing to grow our leadership position in the alternative asset management industry," Doug Ostrover, Blue Owl CEO.