Blue Owl Capital to Acquire IPI Partners for $1 Billion

Author

Slice of Finance Team
17 Oct

Key Highlights:

  • Blue Owl to acquire IPI Partners for $1 billion, expanding digital infrastructure portfolio.

  • Acquisition will include 80% equity and 20% cash, closing by Q1 2025.

  • IPI has $10.5B in AUM and 82 data centers globally.

  • IPI’s team will join Blue Owl and continue managing existing funds.

Source: PR Newswire

Notable Quotes:

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"The acquisition of IPI with its deep sector expertise complements our existing net lease strategy while providing an ideal opportunity to expand Blue Owl's digital infrastructure strategy."

Doug Ostrover, Co-CEO at Blue Owl Capital
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"We are excited to deepen our existing partnership with Blue Owl to advance IPI's market leadership and further execute on this generational opportunity."

Divesh Makan, Founding Partner at ICONIQ Capital
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"We believe there's a tremendous amount that IPI can accomplish within the Blue Owl ecosystem."

Matt A'Hearn, Managing Partner at IPI Partners

Our Take:

This acquisition significantly enhances Blue Owl's position in the fast-growing digital infrastructure sector. With IPI's established presence in global data centers, Blue Owl can tap into increasing demand driven by the expansion of AI and cloud technologies. This strategic move diversifies their investment capabilities, positioning Blue Owl as a key player in digital infrastructure investment, further complementing their real estate and net lease strategies.