OWL - Mubadala Commits $1 Billion to Blue Owl Capital's Technology Lending Strategy | Benzinga
NEW YORK and ABU DHABI, UAE, Sept. 11, 2023 /PRNewswire/ -- Mubadala Investment Company ("Mubadala"), an Abu Dhabi-based global sovereign investor, announced today that it has formed a strategic partnership with Blue Owl Capital ("Blue Owl") (NYSE:OWL), a leading alternative asset manager. The partnership was established with a $1 billion commitment to Blue Owl's Credit platform and will initially focus on its Technology Lending strategy, which provides financing solutions for a broad range of technology and software companies.
"We are proud to form a strategic partnership with a high-performing and renowned investor such as Mubadala," said Doug Ostrover, Co-Chief Executive Officer of Blue Owl. "This mandate reflects the depth of our direct lending capabilities within the technology sector and our ability to deliver differentiated solutions that enable our clients ...