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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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Why Owl Rock and Dyal Combined to Create Blue Owl
Corrected

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.