Blue Owl Eyes $1.5 Billion in HPS, Clearlake, Golub Stake Sale: Goldman Sachs Advises on Deal Transfer

Blue Owl Capital is set to raise $1.5 billion through the sale of minority stakes in private asset managers HPS Investment Partners, Clearlake Capital Group, and Golub Capital. The stakes will be transferred to a new structure managed by Blue Owl, with investors buying debt instruments for exposure to the underlying firms' income streams. The deal is expected to be finalized by Goldman Sachs, with no option for existing investors to roll over their positions.

Blue Owl Capital, a prominent business development company, is set to raise approximately $1.5 billion through the sale of minority stakes in private asset managers HPS Investment Partners, Clearlake Capital Group, and Golub Capital. According to sources familiar with the matter, Goldman Sachs Group Inc. is advising on the deal, which involves transferring these stakes into a new structure managed by Blue Owl. Investors will buy debt instruments to gain exposure to the underlying firms' income streams. The deal is expected to be finalized soon, with no option for existing investors to roll over their positions [2].

This strategic move by Blue Owl Capital underscores the company's growing influence in the private asset management sector. By leveraging the expertise of these established firms, Blue Owl aims to enhance its investment portfolio and attract new investors. The sale of minority stakes is a common practice in private equity, allowing firms to raise capital while maintaining control over their operations [2].

The deal also highlights the increasing importance of private capital in tech financing. Traditionally, major tech infrastructure projects were funded through public markets. However, the growing demand for AI infrastructure has led companies like Meta to tap into the private capital market. This trend is likely to continue, reshaping the landscape of tech financing and infrastructure development [1].

Blue Owl Capital's latest move comes amid a period of strong investor interest in private equity and private debt. The company has seen a significant increase in its stock price and stake ownership by institutional investors in recent quarters. This deal is expected to further boost Blue Owl's financial position and solidify its role as a key player in the private asset management space [3].

References:
[1] https://theoutpost.ai/news-story/pimco-and-blue-owl-secure-29-billion-deal-for-meta-s-ai-data-center-19263/
[2] https://news.bloomberglaw.com/bankruptcy-law/blue-owl-eyes-1-5-billion-in-hps-clearlake-golub-stake-sale
[3] https://www.marketbeat.com/instant-alerts/filing-cresset-asset-management-llc-buys-3809000-shares-of-blue-owl-capital-corporation-nyseobdc-2025-08-16/