Blue Owl GP Stakes Fund VI

Blue Owl GP Stakes Fund VI is a GP stakes fund managed by Blue Owl Capital Inc. As of May 2024, the fund is currently fundraising for its sixth fund, with a target of around $13 billion.This fund focuses on investing in private equity firms and offers direct lending to companies. Blue Owl typically takes minority stakes in asset managers and has previously backed firms such as Vista Equity Partners, CVC Capital Partners, ICONIQ Capital, and TowerBrook Capital Partners. The firm's fifth fund is about 85% committed, with recent investments in Stonepeak and I Squared Capital. CAZ Investments, a family office based in Houston, has committed $1 billion to Blue Owl GP Stakes Fund VI. This fund specifically targets minority stakes in private asset management firms. Other institutional and private investors have collectively committed roughly $4.7 billion to Blue Owl's latest GP stakes fund. Investing in GP stakes has become a popular strategy in recent years, with firms like Blue Owl capitalizing on the trend. This strategy allows investors to take minority stakes in asset and wealth managers, providing an attractive option in the current fundraising environment where private equity firms are facing challenges in raising capital. "