Blue Owl Capital, an alternative asset management firm, agreed to acquire Kuvare, a boutique investment management firm, for $1bn. "The creation of Blue Owl Insurance Solutions represents a significant moment in Blue Owl's journey. Our acquisition of KAM allows us to provide broader solutions to the multi-trillion-dollar insurance market at scale. KAM's capabilities in investment grade credit and real estate strategies supplement Blue Owl's existing strength in these asset classes and further accelerate our ability to bring differentiated products and strategies to the market for Kuvare and third-party insurance clients," Doug Ostrover, Blue Owl Co-CEO.