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Dyal Capital Is in Talks to Merge With Owl Rock Through SPAC

  • The founders of Owl Rock, Dyal would lead the combined entity
  • Blank-check firm Altimar raised $275 million in October IPO
Updated on

Neuberger Berman’s Dyal Capital Partners is in talks to combine with Owl Rock Capital Partners in a deal that would take the asset managers public.

The two firms are negotiating with Altimar Acquisition Corp., a special purpose acquisition company backed by HPS Investment Partners, which signed a nonbinding letter of intent for a potential merger, according to a statement and a regulatory filing Wednesday.