Blue Owl closes inaugural fund at $2bn

Newly established alts firm Blue Owl closed the Owl Rock Opportunistic Fund with aggregate capital commitments of $2 billion.

The strategy itself, managed by Nicole Drapkin and Jesse Huff, will have $2.5 billion, including anticipated leverage. The Blue Rock team is expected to draw on its deep sponsor relationships and deal pipeline to source differentiated opportunities while using the firm’s scale and focus to offer customized and collaborated solutions for borrowers.

The Owl Rock Opportunistic Fund will focus on a broad range of debt and equity investments, including rescue financing, wedge capital, DIP . . .

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