Blue Owl Capital Enters Into an Agreement to Acquire IPI Partners
IPIIntrepid Potash(IPI) ZACKS·2024-10-10 22:43

Blue Owl Capital Inc. (OWL) or Blue Owl signed a definitive agreement to acquire the business of digital infrastructure fund manager IPI Partners, LLC ("IPI") from an affiliate of ICONIQ Capital ("ICONIQ") and an affiliate of Iron Point Partners (Iron Point) for a purchase price of nearly $1 billion. This acquisition is intended to capitalize on the burgeoning market opportunity for financing data centers and the growing investor appetite for cloud and AI-driven investment methods. Financial Details of Blue ...