Blue Owl Capital Considers Acquiring IPI Partners for Roughly $1B

Group 1 - Blue Owl Capital Inc. (OWL) is in discussions to acquire IPI Partners for approximately $1 billion, focusing on data centers and digital infrastructure [1] - IPI Partners is a joint venture of Iconiq Capital and Iron Point Partners, led by managing partner Matt A'Hearn [1] - The acquisition aligns with OWL's strategy to diversify its product offerings and attract more capital from investors [2][3] Group 2 - Recent acquisitions by OWL include Atalaya Capital Management LP to enhance its alternative credit presence and Kuvare Insurance Services LP to expand relationships with insurance companies [4][5] - In December 2023, OWL closed the CHI acquisition to strengthen its presence in the life sciences sector, and in August 2023, it closed the Par Four acquisition to enhance its liquid credit strategy [6] - OWL's stock performance has seen a 5.7% gain over the past six months, compared to the industry's 15.7% growth [7] Group 3 - Other finance firms are also pursuing similar acquisition strategies, such as BlackRock's acquisition of Global Infrastructure Partners to create a leading infrastructure platform [10] - LPL Financial Holdings completed the acquisition of Altria Wealth Solutions, expecting onboarding costs between $300 million and $350 million, with projected additional earnings of $140 million annually from the deal [12]