Owl Rock, Dyal Create Asset Behemoth With SPAC Merger
- Blue Owl starts trading on the NYSE under the ticker ‘OWL’
- Sixth Street Partners and Golub Capital had opposed the merger
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Investing giants Owl Rock Capital and Dyal Capital Partners completed their merger after clearing legal hurdles, with stock of the newly combined behemoth initially jumping as much as 11% on its first day.
Now known as Blue Owl Capital Inc., the company counted $52.5 billion in assets under management as of March 31, and 91% of the sum is permanent capital, according to a Thursday statement.