Blue Owl-backed Dyal HomeCourt Partners completed the acquisition of a 6% stake in Atlanta Hawks.

Blue Owl-backed Dyal HomeCourt Partners, a private equity firm, completed the acquisition of a 6% stake in Atlanta Hawks, an American professional basketball team based in Atlanta. Financial terms were not disclosed. "We welcome the influx of institutional capital as a validation for the hard work that the Hawks front office and basketball operations management and staff have undertaken during our ownership group's tenure. We made it a priority to commit the resources to build a world-class team worthy of a world-class city, and so far, we have invested in top players, transformed State Farm Arena, built a state-of-the-art training and sports medicine facility, brought a G League team to College Park, launched initiatives to grow Black businesses, and re-invested in our communities across the city. On behalf of everyone at the franchise, we are thrilled to partner with Dyal HomeCourt as we continue to invest in the franchise and serve as a leader in the community," Tony Ressler, Atlanta Hawks Principal Owner and Chair.