Blue Owl Capital Inc. to Acquire Kuvare Asset Management for $750 Million to Expand Insurance Solutions
Acquiring Company
Blue Owl Capital
Acquired Company
Kuvare Insurance Services (dba Kuvare Asset Management)
Description
Blue Owl Capital Inc., a leading alternative asset manager, has confirmed its definitive purchase agreement to acquire Kuvare Asset Management for $750 million. This strategic acquisition aims to provide broader solutions to the multi-trillion-dollar insurance market at scale and expand Blue Owl's presence in the insurance channel by creating long-term alignment with Kuvare and the potential for significant growth capital.
Quick answer
Blue Owl Capital is acquiring Kuvare Insurance Services (dba Kuvare Asset Management) for $750 million, announced April 3, 2024. Blue Owl Capital is based in New York, New York, United States.
- How much did Blue Owl Capital pay for Kuvare Insurance Services (dba Kuvare Asset Management)?
- The reported deal value is $750 million.
- What does Blue Owl Capital do?
- Blue Owl is a global alternative asset manager with $94.5 billion in assets under management as of December 31, 2021.
- Where are Blue Owl Capital and Kuvare Insurance Services (dba Kuvare Asset Management) based?
- Blue Owl Capital is based in New York, New York, United States. Kuvare Insurance Services (dba Kuvare Asset Management) is based in Rosemont, Illinois, United States.
- Who are the decision-makers at Blue Owl Capital?
- Fundz holds 4 contacts at Blue Owl Capital. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Kuvare Insurance Services (dba Kuvare Asset Management)?
Kuvare Insurance Services (dba Kuvare Asset Management) was acquired by Blue Owl Capital, based in New York. The deal was reported on April 3, 2024. Blue Owl is a global alternative asset manager with $94.5 billion in assets under management as of December 31, 2021. Blue Owl Capital is publicly traded (OBDC) and operates in Financial Services.
When did Blue Owl Capital acquire Kuvare Insurance Services (dba Kuvare Asset Management)?
Blue Owl Capital's acquisition of Kuvare Insurance Services (dba Kuvare Asset Management) was reported on April 3, 2024. Blue Owl Capital Inc., a leading alternative asset manager, has confirmed its definitive purchase agreement to acquire Kuvare Asset Management for $750 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Kuvare Insurance Services (dba Kuvare Asset Management) do?
Kuvare Asset Management, also known as Kuvare Insurance Services LP, is a boutique investment management firm specialized in providing asset management services to the insurance industry. It is privately held, operating in Financial Services, and is based in Rosemont.
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