Alternative Asset Managers’ Race for Private Wealth Takes On New Twist
Blue Owl offers an unusual incentive to endowments, pensions and other institutions that invest early in one of its funds — a stake in a separate vehicle for retail clients
Blue Owl aims to use its retail cash to lure institutional investors.
Photographer: Cathrine Ertmann/BloombergWelcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we take a look at a sweet incentive for institutional investors, a warning on private market valuations from the UK’s top financial regulator, and the latest deal between Saudi Arabia’s sovereign wealth fund and a Wall Street firm. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net — Allison McNeely and Erin Fuchs
The rush to retail has a new twist.