Monday, May 27, 2024

Dyal Capital Partners raises $13bn for GP-investing fund

The fifth Dyal Capital Partners fund has raised $12.9bn, set to kickstart a new round of investment in alternative manager minority stakes.

New York-based Blue Owl Capital announced the closing of its fifth Dyal fund, which attracted capital from sovereign wealth funds, pension plans, endowments, foundations and family offices.

Fund V is focused on private equity and has already made 17 investments in firms including CVC Capital Partners and H.I.G. Capital.

Hedge fund managers CFM, Capstone, Graham Capital Management and MKP are among those minority owned by Dyal funds.

Blue Owl manages $132bn. Aggregate commitments across its GP Capital Solutions funds and co-investment vehicles now total more than $37bn.

Blue Owl’s GP Capital Solutions division has minority partnerships in over 55 firms and $47.8bn under management as of end-September 2022.

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