Blue Owl passive minority investment in Stonepeak
Stonepeak →Blue Owl's GP Strategic Capital platform, formerly Dyal Capital, made a passive minority investment in Stonepeak announced on 11 July 2023. This is capital invested into Stonepeak, rather than Stonepeak buying Blue Owl. Financial terms and the ownership percentage were not disclosed. The investment adds balance-sheet flexibility to support Stonepeak's strategic initiatives and expansion. The announcement explicitly states that day-to-day operations, management, investment processes and decision making remain unchanged. Stonepeak reported approximately $55.7 billion AUM and more than 240 investors at the time. Evercore acted as Stonepeak's financial adviser and Simpson Thacher as its legal counsel; Fried Frank advised Blue Owl on legal matters.