Blue Owl is set to launch its first interval fund in the alternative credit investment space

alternative credit team, where he held a senior role within the financial asset investment team. Blue Owl’s acquisition of Atalaya Capital Management last year for $450 million was aimed at enhancing its alternative credit and asset-based finance capabilities.

The interval fund managed by Drapkin and Burns will feature a 0.75% management fee and cater to various types of investors. With a focus on private investments and asset-based finance, the fund will provide exposure to a diverse range of alternative credit assets and strategies. The minimum initial investment for class S and class U shares is set at $25,000, while class I shares require a minimum investment of $1 million. Additional investments of at least $5,000 will be accepted from investors.

Blue Owl Capital aims to showcase the resilience of its portfolio amidst the backdrop of prevailing market conditions marked by higher interest rates. The team at Blue Owl remains committed to navigating these challenges and leveraging their expertise in alternative credit investments to deliver value to their investors.

Nicole Drapkin and Justin Burns bring a wealth of experience to their roles as fund managers. Drapkin’s tenure as a senior managing director at Blue Owl has provided her with insights into direct lending investments, while Burns’ background at Atalaya Capital Management has equipped him with expertise in financial asset investments. Their collaboration is poised to drive the success of Blue Owl’s debut interval fund.

The launch of this interval fund represents Blue Owl’s strategic expansion into new investment avenues, further solidifying its position as a leading alternative asset manager. With a focus on alternative credit and private investments, the fund is designed to meet the evolving needs of investors seeking diversified exposure to non-traditional asset classes.

As Blue Owl prepares to introduce its inaugural interval fund, it positions itself as a trusted partner for investors looking to access unique investment opportunities. The alignment of its investment strategies with the prevailing market dynamics underscores Blue Owl’s commitment to delivering value and generating favorable outcomes for its investors.