Robin Blumenthal

The unit's co-heads Jason Scheir and Rob Ruberton say the 'hands-on' nature of the strategy makes it more similar to private equity than credit.

The PD 50 Fund aims to provide investors with exposure to a diverse group of 50 of the largest private debt funds, off the back of the firm's January first close on its private equity vehicle.

Blue Owl’s creation follows Altimar shareholder approval and the court’s denial of Sixth Street’s bid to block the deal.

The market may have balked, but the firm’s deal to buy its insurance affiliate makes plenty of sense.