Blue Owl opens regional office in Abu Dhabi Global Market
The $315 billion New York money manager has developed strong ties in Abu Dhabi, including a partnership with Lunate to provide growth capital
ADGM
Abu Dhabi Global Market
Add The Circuit on GoogleBlue Owl Capital is planting a flag in Abu Dhabi, opening an office in the UAE capital to get closer to some of the world’s deepest sources of capital.
The $315 billion asset manager, headquartered in New York, joins a growing number of alternative-investment firms setting up shop in the emirate, including Fortress Investment Group, Kimmeridge, Adams Street Partners and AXA IM Alts.
Wall Street’s attraction to Abu Dhabi is getting stronger: The emirate’s sovereign wealth funds, led by ADIA and Mubadala, manage hundreds of billions of dollars and are among the most active investors in private markets.
Blue Owl has developed strong ties in Abu Dhabi, including a 2024 partnership with Lunate to provide growth capital to mid-sized private capital managers. Mubadala committed $1 billion to Blue Owl’s credit platform in 2023.
The world’s biggest investment banks have also been arriving, with Goldman Sachs, Morgan Stanley, Rothschild & Co., and other global firms expanding their presence at Abu Dhabi Global Market.
