Blue Owl’s Dyal Capital Is on Track to Raise Its Largest Fund Ever at $13 Billion

Blue Owl Capital Inc.’s Dyal Capital unit is on track to raise its largest ever fund at nearly $13 billion, according to people familiar with the plan.

Dyal, which takes stakes in asset managers, is in the final steps of completing capital-raising for its fifth fund, said the people, who asked not to be identified discussing a plan that hasn’t been announced. About $8 billion of the funds have already been committed to deals, said one of the people.