Blue Owl Capital’s Dyal Fund V Closes with Nearly $13B in Committed Capital

Alternative asset manager Blue Owl Capital Inc., with $132.1bn in assets under management, closed its Dyal Capital Partners V with $12.9bn of committed capital, nearly $4bn more than the previous fund IV.

Blue Owl said Dyal, which takes stakes in asset managers, is already 70% committed, with investments in 17 firms, including CVC Capital Partners, H.I.G. Capital, I Squared Capital, and KPS Capital Partners.

Fund V expects to make investments in approximately 20 private equity firms diversified by asset class, strategy and geography.

“Our market-leading position in GP capital solutions enables us to partner with leading managers whose capital needs can only be fulfilled by a select few,” said Sean Ward, Senior Managing Director at Blue Owl.

The fund is backed by sovereign wealth funds, public and corporate pension plans, endowments, foundations and family offices.

New York-based Blue Owl’s GP Capital Solutions division now manages minority partnerships in more than 55 firms and $47.8bn under management as of the end of September 2022.