Blue Owl Lifts Stake in Infrastructure Firm I Squared Capital

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Blue Owl Capital Inc. quietly increased its stake in infrastructure firm I Squared Capital to more than 20%, according to people with knowledge of the matter.

GP Strategic Capital, a unit of New York-based Blue Owl, acquired a portion of I Squared co-founder Adil Rahmathulla’s stake in the firm, said the people, who asked not to be identified discussing confidential information.