NEW
YORK, July 2, 2024 /PRNewswire/ -- Blue Owl
Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset
manager, announced today the completion of its acquisition
of Kuvare Insurance Services LP (dba Kuvare Asset
Management) ("KAM"). The transaction was previously announced in
April 2024.
KAM is a boutique investment management firm with approximately
$20 billion of assets under
management as of May 31, 2024. KAM is
focused on providing asset management services to the insurance
industry, including Kuvare UK Holdings.
Blue Owl's acquisition of KAM enhances its ability to serve the
insurance market at scale and marks the official launch of Blue Owl
Insurance Solutions. Working seamlessly across the firm's
investment platforms, Insurance Solutions combines the focused
alternatives approach with expanded industry capabilities to now
serve insurance clients across a broader range of their needs.
The establishment of Insurance Solutions supports Blue Owl's
next stage of growth by expanding relationships with insurance
companies and providing the firm with a large and diversified
source of capital.
About Blue Owl
Blue Owl (NYSE: OWL) is a leading asset manager that is
redefining alternatives.
With over $174 billion in assets
under management as of March 31,
2024, we invest across three multi-strategy platforms:
Credit, GP Strategic Capital, and Real Estate. Anchored by a strong
permanent capital base, we provide businesses with private capital
solutions to drive long-term growth and offer institutional
investors, individual investors, and insurance companies
differentiated alternative investment opportunities that aim to
deliver strong performance, risk-adjusted returns, and capital
preservation.
Together with over 725 experienced professionals globally, Blue
Owl brings the vision and discipline to create the exceptional. To
learn more, visit www.blueowl.com.
Forward Looking Statements
Certain statements made in this release are "forward looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "estimates,"
"projected," "expects," "anticipates," "forecasts," "plans,"
"intends," "believes," "seeks," "may," "will," "would," "should,"
"future," "propose," "target," "goal," "objective," "outlook" and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. Any such forward-looking statements are
made pursuant to the safe harbor provisions available under
applicable securities laws and speak only as of the date made. Blue
Owl assumes no obligation to update or revise any such
forward-looking statements except as required by law.
These forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside Blue Owl's control, that could
cause actual results or outcomes to differ materially from those
discussed in the forward-looking statements.
Important factors, among others, that may affect actual results
or outcomes include; the inability to recognize the anticipated
benefits of strategic acquisitions; costs related to acquisitions;
the inability to maintain the listing of Blue Owl's shares on the
New York Stock Exchange; Blue Owl's ability to manage growth; Blue
Owl's ability to execute its business plan and meet its
projections; potential litigation involving Blue Owl; changes in
applicable laws or regulations; and the possibility that Blue Owl
may be adversely affected by other economic, business,
geo-political and competitive factors.
Blue Owl Investor Contact
Ann
Dai
Head of Investor Relations
blueowlir@blueowl.com
Blue Owl Media Contact
Nick
Theccanat
Principal, Corporate Communications & Government Affairs
Nick.Theccanat@blueowl.com
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SOURCE Blue Owl Capital Inc.