Berkshire Global Advisors Acted As Financial To Advisor Blue Owl Capital
Seller Details:
Prima, founded in 1992 by Gregory White, is a real estate lender focused primarily on investing in commercial mortgage-backed securities and manages approximately $10 billion in assets on behalf of institutional investors and select high net worth individuals. Prima is majority owned by Stone Point Capital LLC (“Stone Point”), an alternative investment firm based in Greenwich, Connecticut.
Buyer Details:
With over $165 billion in assets under management as of December 31, 2023, Blue Owl (NYSE: OWL) invests across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, Blue Owl provides businesses with private capital solutions to drive long-term growth and offer institutional and individual investors differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.
Transaction Summary:
This acquisition of Prima represents a further expansion of Blue Owl’s suite of capital solutions, adding a differentiated and high-quality real estate lending capability and further diversifying our real estate platform. Blue Owl believes there is a growing lack of capital availability in real estate today – Prima’s strong underwriting capabilities and track record, combined with the scale of Blue Owl’s ecosystem, can address these needs while creating attractive risk-reward opportunities for investors. Marc Zahr and his team have built a leading triple net real estate business that will become even more comprehensive and compelling with the addition of Prima’s debt capabilities.