Blue Owl acquires Prima Capital for $170M

11 Apr 2024 CW Team

Blue Owl, a U.S.-based alternative asset manager, has finalised a deal to purchase Prima Capital Advisors for $170 million. This acquisition marks a strategic move by Blue Owl to broaden its portfolio and strengthen its presence in the financial services sector. Prima Capital Advisors, a boutique investment firm specialising in real estate, brings a wealth of expertise and a diversified client base to Blue Owl's platform.

The transaction is expected to enhance Blue Owl's capabilities in real estate investments, allowing it to offer a wider range of services to its clients. Prima Capital Advisors' seasoned team of professionals and established track record in the industry are seen as valuable assets that will complement Blue Owl's existing operations.

The acquisition comes at a time when the alternative asset management industry is experiencing significant growth and consolidation. By joining forces, Blue Owl and Prima Capital Advisors aim to capitalise on emerging opportunities in the market and deliver enhanced value to their stakeholders.

Commenting on the acquisition, representatives from both companies expressed enthusiasm about the synergies and growth prospects it offers. They emphasised their shared commitment to providing innovative solutions and superior investment performance to clients.

The deal is subject to regulatory approvals and customary closing conditions. Upon completion, Prima Capital Advisors will operate as part of Blue Owl's platform, leveraging its resources and network to drive further growth and success in the years ahead.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..