Blue Owl Capital completes acquisition of Atalaya Capital’s business

Blue Owl Capital announced the completion of its acquisition of the business of alternative credit manager, Atalaya Capital Management. The acquisition was previously announced in July of 2024. Atalaya focuses primarily on asset-based credit investments across consumer and commercial finance, corporate and real estate assets. As of June 30, 2024, Atalaya managed over $10 billion of assets under management. Atalaya’s Founding Partner and Chief Investment Officer, Ivan Zinn, has been appointed Blue Owl’s Head of Alternative Credit, reporting to Craig Packer, Head of Credit and Co-President of Blue Owl. The completion of the acquisition of Atalaya’s business represents a significant expansion of Blue Owl’s alternative credit presence and supplements the firm’s market leading position in direct lending.