Preview Mode Links will not work in preview mode

Capital Allocators – Inside the Institutional Investment Industry

Oct 31, 2022

Michael Rees is the Founder and Head of Dyal Capital Partners and Co-President of public company Blue Owl (OWL) after Dyal’s merger with Owl Rock last year. Dyal is the market leader in buying General Partner stakes from established private equity and alternative asset managers and oversees $45 billion in its strategy.

Our conversation covers Michael’s background, the early years of minority stakes, motivations of sellers, changing perceptions of the business, and return profile of investments. We then turn to Dyal’s process across relationship-driven sourcing, best practices in fundraising and operations, conducting deals, and behavior of GPs after a sale. We close by touching on common critiques of Dyal’s strategy and the outlook from here.

Hopefully this is an example of this new process working effectively! Let us know if anything else is needed.

Access Stream by AlphaSense Free Trial
For full show notes, visit the episode webpage here. 

Learn More 
Follow Ted on Twitter at @tseides or LinkedIn 
Subscribe to the mailing list 
Access Transcript with Premium Membership