PR93600

NEW YORK, Dec. 10, 2021 /PRNewswire=KYODO JBN/ --

Blue Owl Capital (NYSE: OWL), a leading alternative asset manager, today

announced it acquired Ascentium Group Limited to establish its physical

presence in Hong Kong.  Blue Owl recently opened an office in Singapore, so the

Ascentium acquisition and establishment of an office in Hong Kong, further

strengthens the firm's presence in the Asia-pacific region. Ascentium is led by

its Founder and CEO, James Lee, who will serve as the Head of Blue Owl's

Institutional Sales Team in Asia. Ascentium will, subject to relevant

government authority approval, be re-named as Blue Owl Capital HK Limited in

the weeks' ahead.

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Blue Owl CEO Douglas Ostrover said: "In order to better serve our current and

prospective clients globally, we are thrilled to strengthen our presence in

Asia with this acquisition of Ascentium. There is tremendous opportunity for GP

stakes, direct lending, and real estate solutions in the APAC region and we

look forward to bringing our unique offerings to a market that is

well-positioned for long-term growth."

Mr. Lee said: "I'm delighted to lead Blue Owl's institutional sales efforts in

the region. The firm has established great partnerships globally and we look

forward to broadening our existing and building new relationships with Asian

institutions throughout the region."

Blue Owl's Hong Kong office is the firm's ninth office globally, with

headquarters in New York.  

About Blue Owl

Blue Owl is an alternative asset manager that provides investors access to

Direct Lending and GP Capital Solutions strategies through a variety of

products. The firm's breadth of offerings and permanent capital base enables it

to offer a differentiated, holistic platform of capital solutions to

participants throughout the private market ecosystem, including alternative

asset managers and private middle market corporations. The firm had

approximately $70.5 billion of assets under management as of September 30,

2021. Blue Owl's management team is comprised of seasoned investment

professionals with more than 25 years of experience building alternative

investment businesses. Blue Owl has approximately 300 employees across its

Direct Lending and GP Capital Solutions divisions and has nine offices

globally. For more information, please visit us at www.blueowl.com.

Prosek Partners

David Wells / Nick Theccanat

pro-blueowl@prosek.com

SOURCE  Blue Owl Capital