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 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..