- Blue Owl Capital is negotiating a $1B acquisition of IPI Partners, an investor in data centers and digital infrastructure.
- The acquisition, if completed, will further expand Blue Owl’s presence in digital assets, credit, and real estate sectors.
- Blue Owl recently acquired other firms, including Atalaya Capital Management, Kuvare Asset Management, and Prima Capital Advisors, adding to its diverse $192B AUM.
According to Bloomberg, Blue Owl Capital Inc., a New York-based alternative asset manager, is reportedly in discussions to acquire IPI Partners, a firm specializing in data centers and digital infrastructure, for around $1B.
The potential acquisition would add another layer to Blue Owl’s rapidly expanding portfolio as it continues to diversify across the credit, insurance, and real estate sectors.
M&A Details
The acquisition talks are still ongoing, and details remain subject to change. Sources familiar with the matter indicated that a final agreement could be announced this month, though there’s still a chance the negotiations could fall apart. Reps from Blue Owl and IPI Partners declined to comment.
IPI Partners, based in Chicago, focuses on investing in data centers and other types of digital infrastructure. The firm is a joint venture between Iconiq Capital and Iron Point Partners, led by managing partner Matt A’Hearn.
Major Moves
Blue Owl has been actively expanding its assets under management through several recent acquisitions. This week, it completed its acquisition of Atalaya Capital Management, adding to deals earlier this year that included Kuvare Asset Management and Prima Capital Advisors.
Blue Owl now manages over $192B in assets, with a focus on broadening product offerings to appeal to investors seeking a more consolidated approach to asset allocation.
The Bigger Picture
The move to acquire IPI Partners comes as alternative asset managers increasingly look to diversify their offerings.
With growing interest from limited partners in reducing the number of investment firms they work with, companies like Blue Owl are positioning themselves as comprehensive, one-stop asset managers.
By expanding into digital infrastructure through the acquisition of IPI, Blue Owl aims to capitalize on the ongoing growth of data centers and digital services.
