Eldridge announces acquisition of 10% interest from Blue Owl GP Stakes Fund III

Eldridge Industries announced the acquisition of a 10% interest from Blue Owl GP Stakes Fund III, a passive minority investment vehicle that holds stakes in industry-leading private equity firms. “This innovative structure provides liquidity and unlocks value for Blue Owl GP Stakes Fund III investors while establishing Eldridge Industries as a leading provider of GP solutions,” Eldridge stated. Terms of the transaction were not disclosed. “We are excited to be working with Blue Owl on this innovative transaction and providing a new liquidity solution for the GP stakes market,” said Todd Boehly, Chairman and CEO of Eldridge Industries. “This demonstrates Blue Owl’s forward-thinking approach to providing liquidity for their LPs and Eldridge Industries’ deep expertise in providing creative capital solutions under David Lee, who leads our GP solutions strategy. We look forward to building on this transaction with Blue Owl and their top-tier GP partners.”