Blue Owl Capital Inc. ("Blue Owl"), a leading alternative asset manager, has successfully completed the acquisition of Kuvare Insurance Services LP, also known as Kuvare Asset Management ("KAM"). KAM, a boutique investment management firm, had approximately $20 billion of assets under management as of May 31, 2024.
This acquisition enhances Blue Owl's ability to serve the insurance market at scale and marks the official launch of Blue Owl Insurance Solutions. The establishment of insurance solutions supports Blue Owl's next stage of growth by expanding relationships with insurance companies and providing the firm with a large and diversified source of capital.
As of March 31, 2024, Blue Owl had over $174 billion in assets under management, investing across three multi-strategy platforms: credit, GP strategic capital, and real estate. The firm aims to provide businesses with private capital solutions to drive long-term growth and offer differentiated alternative investment opportunities to institutional investors, individual investors, and insurance companies.
The completion of this acquisition provides Blue Owl with an expanded industry capability to serve insurance clients across a broader range of their needs. Moreover, the transaction positions Blue Owl to benefit from a large and diversified source of capital, further supporting the firm's growth objectives.
The acquisition of KAM aligns with Blue Owl's vision to redefine alternatives and underscores its commitment to delivering strong performance, risk-adjusted returns, and capital preservation.
These developments demonstrate Blue Owl's strategic focus on expanding its capabilities and market reach, particularly within the insurance industry, through targeted acquisitions and the creation of innovative solutions to meet the evolving needs of its clients. The market has reacted to these announcements by moving the company's shares 0.3% to a price of $17.81. For the full picture, make sure to review Blue Owl Capital's 8-K report.
