Blue Owl, an international private equity firm, has confirmed its objective to amass $13 billion for its latest general partner (GP) stakes fund, according to information shared by sources with Buyouts, an affiliate title. Furthermore, the firm has successfully achieved a first close at approximately $600 million for a new mid-cap GP stakes fund, out of which Lunate, a partner entity, infused a seed capital of $500 million. This initial fundraising serves as a concrete step in Blue Owl’s extensive plan aimed to consolidate its position by investing in stakes of private equity firms’ management companies, which is a strategy designed to yield stable management fee-related earnings and participate in the success of these firms’ numerous investment vehicles.

Private Equity, Investment Management,International