Private equity heavyweight Blue Owl Capital Inc. said Wednesday it has completed its first strategic equity and secondaries fund, securing more than $3 billion in capital commitments in what amounts to a decisive expansion into a fast-evolving corner of the private markets.
The milestone — widely referred to as the Blue Owl $3B wrap up — underscores the firm’s push to deliver long-duration capital to sponsors seeking flexibility in managing prized assets.
Targeting Continuation Vehicles and Minority Stakes
The newly closed vehicle, Blue Owl Strategic Equity, is designed to supply long-term capital to what the firm described as “high-quality” private equity sponsors. The strategy centers on backing continuation vehicles and minority equity transactions that allow sponsors to extend ownership of strong-performing portfolio companies.
In effect, the fund aims to provide oxygen to assets sponsors believe still have room to run — without forcing a full exit.
“We’re very pleased with the strong reception to our strategy, which reflects the growing need for private capital solutions across the market,” Blue Owl co-CEOs Doug Ostrover and Marc Lipschultz said in a statement. “Sponsors are looking for long-term, aligned capital to support high-conviction assets, and BOSE is designed to meet that demand at scale. Our expansion into this strategy further demonstrates the breadth and reach of the Blue Owl platform.”
