- Owl Rocks Capital Group sells a passive, non-voting minority stake to Dyal Capital Partners, a division of Neuberger Berman.
- Terms of the deal weren't disclosed.
- Owl Rock plans to use all proceeds from the transaction to invest in Owl Rock products, which are expected to include complementary product launches and strategies in 2020.
- There will be no changes in the management, strategy, investment process, or day-to-day operations of Owl Rock or any Owl Rock managed product, including Owl Rock Capital Corporation (NYSE:ORCC), a publicly-traded business development company that is externally managed by an affiliate of Owl Rock.