Dyal, Owl Rock Merge via SPAC to Form Asset Manager Giant Related Stories March 25, 2021 March 22, 2021 March 19, 2021 Neuberger Berman’s Dyal Capital Partners and direct lender Owl Rock Capital Partners have agreed to merge via a blank check company, forming a new alternative asset manager overseeing $45 billion. The firms — which will create a newly formed entity named Blue Owl Capital Inc. — will go public through a combination with Altimar Acquisition Corp., a special purpose acquisition company backed by HPS Investment Partners, according to a statement. The merged company is expected to have a market capitalization of about $12.5 billion. Douglas Ostrover, co-founder of Owl Rock, will serve as chief executive officer of Blue Owl, which will focus on direct lending and capital solutions for general partners, the statement said. Dyal co-founder