GP Strategic Capital

GP Minority Stakes

Leveraging deep and extensive relationships across the alternative asset management ecosystem, Blue Owl seeks to deliver sustainable cash flow returns and diversified exposure to private markets growth.

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Understanding GP Stakes Our approach Insights & resources Important information
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Understanding GP Minority Stakes

Frequently asked questions about our investment strategy

Blue Owl’s approach

Our 70+ person team3 is a market leader in providing capital solutions to leading private markets managers.

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The opportunity set for

GP Minority Stakes

For GPs looking to diversify their offerings, fortify their balance sheets and capture the growing demand for exposure to the private markets, we believe the potential opportunity set will likely continue to grow.

Key drivers of growth in private markets include7:

  • Private markets strategies have generally demonstrated superior performance vs. public markets

  • A broad-based under-allocation to private markets from both institutional and retail investors

  • Companies staying private for longer

  • Lower barriers for retail participation in the private markets

 

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Potential benefits to investors

An investment in GP Stakes offers limited partners several potential benefits.

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Low-correlation, cash yield

Investors typically benefit from three cashflow streams, including contractually locked-in management fees.

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Diversification

Owning at the GP level can provide meaningful potential vintage year, geographic, sector, asset class and enterprise value diversification.

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Capital preservation

Paid cross-cycle, potentially generating material cash flow during an economic downturn when other assets are not generating yield, are being written down, or both.

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Differentiated exposure

GP Stakes offers exposure to private markets as an asset class, which is growing tremendously and forecasted to reach $24.5 trillion AUM by 2028.8

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Have a question?

Get in touch with a member of our Private Wealth sales team today.
Individual investors, please contact your financial advisor for more information.

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Endnotes

  1. Management fee income can vary based on the pace of capital deployment, and the pace of investment realization, by the Partner Managers’ underlying funds and other factors.
  2. The actual distribution of carried interest is beyond Blue Owl’s control. There is no guarantee that any carried interest will be paid to any underlying manager at a specific time.
  3. Inclusive of the Investment Team, the Finance and Administrative team and the Business Services Platform as of September 30, 2023.
  4. Represents Investments and Private Equity Partnerships across Blue Owl GP Stakes I-V as of September 30, 2023.
  5.  Invested capital reflects amount deployed in Blue Owl GP Stakes III, Blue Owl GP Stakes IV and Blue Owl GP Stakes V, inclusive of co-investment capital as of September 30, 2023.
  6. Blue Owl GP Strategic Capital was founded in 2010.
  7. Goldman Sachs – The Private Markets Super Cycle Continues; Four Initiations, PGHN and ICG at Buy 2022
  8. Preqin – Future of Alternatives 2028

Important information

Unless otherwise indicated, the Report Date referenced herein is September 30, 2023.

Past performance is not a guide to future results and is not indicative of expected realized returns.

Assets Under Management (“AUM”) refers to the assets that we manage and are generally equal to the sum of (I) net asset value (“NAV”); (ii) drawn and undrawn debt; and (iii) uncalled capital commitments.

The webpage presented is proprietary information regarding Blue Owl Capital Inc. (“Blue Owl”), its affiliates and investment program, funds sponsored by Blue Owl, including the Blue Owl Credit, GP Strategic Capital Funds and the Real Estate Funds (collectively the “Blue Owl Funds”) as well as investment held by the Blue Owl Funds.

The views expressed and, except as otherwise indicated, the information provided are as of the report date and are subject to change, update, revision, verification, and amendment, materially or otherwise, without notice, as market or other conditions change. Since these conditions can change frequently, there can be no assurance that the trends described herein will continue or that any forecasts are accurate. In addition, certain of the statements contained in this webpage may be statements of future expectations and other forward-looking statements that are based on the current views and assumptions of Blue Owl and involve known and unknown risks and uncertainties (including those discussed below) that could cause actual results, performance, or events to differ materially from those expressed or implied in such statements. These statements may be forward-looking by reason of context or identified by words such as “may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential or continue” and other similar expressions. Neither Blue Owl, its affiliates, nor any of Blue Owl’s or its affiliates' respective advisers, members, directors, officers, partners, agents, representatives or employees or any other person (collectively the “Blue Owl Entities”) is under any obligation to update or keep current the information contained in this document.

This webpage contains information from third party sources which Blue Owl has not verified. No representation or warranty, express or implied, is given by or on behalf of the Blue Owl Entities as to the accuracy, fairness, correctness or completeness of the information or opinions contained in this webpage and no liability whatsoever (in negligence or otherwise) is accepted by the Blue Owl Entities for any loss howsoever arising, directly or indirectly, from any use of this webpage or its contents, or otherwise arising in connection therewith.
Performance Information: Where performance returns have been included in this webpage, Blue Owl has included herein important information relating to the calculation of these returns as well as other pertinent performance related definitions.

All investments are subject to risk, including the loss of the principal amount invested. These risks may include limited operating history, uncertain distributions, inconsistent valuation of the portfolio, changing interest rates, leveraging of assets, reliance on the investment advisor, potential conflicts of interest, payment of substantial fees to the investment advisor and the dealer manager, potential illiquidity, and liquidation at more or less than the original amount invested. Diversification will not guarantee profitability or protection against loss. Performance may be volatile, and the NAV may fluctuate.

This webpage is for informational purposes only and is not an offer or a solicitation to sell or subscribe for any fund and does not constitute investment, legal, regulatory, business, tax, financial, accounting, or other advice or a recommendation regarding any securities of Blue Owl, of any fund or vehicle managed by Blue Owl, or of any other issuer of securities. Only a definitive offering document can make such an offer.

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