Report: Boehly’s Eldridge to Take 10% Stake in Blue Owl’s GP Stakes III

Todd Boehly’s Eldridge Industries has reached an agreement to acquire a 10% stake in Blue Owl Capital's GP Stakes III fund, Bloomberg reported October 16, citing people knowledgeable on the matter.

The deal is expected to yield approximately $985M for Blue Owl over the next 27 months, according to Bloomberg. It will provide liquidity to existing investors, including a host of pension funds, who have been informed about the transaction. The third fund in Blue Owl’s ongoing strategy that acquires equity stakes in the management companies of alternative asset managers, such as Vista Equity Partners and Silver Lake Management, GP Stakes III closed at $5.3B in 2016.  

Representatives from both Eldridge and Blue Owl declined to comment on the deal to Bloomberg. 

Source: https://www.bloomberg.com/news/articles/2024-10-16/todd-boehly-s-eldridge-industries-agrees-to-buy-10-of-blue-owl-gp-stakes-fund

For more public pension insights and a comprehensive library of public plan minutes, book a demo of Dakota Marketplace! New call-to-action

Written By: Dakota