Blue Owl Capital (US:OWL) Businesswire·2026-02-25 03:14Core Viewpoint - Kuvare Holdings clarifies its relationship with Blue Owl Capital, emphasizing that Blue Owl does not own Kuvare but acts as an independent asset manager for Kuvare's life insurance carriers [2][4]. Group 1: Relationship with Blue Owl Capital - Blue Owl acquired Kuvare's former asset management division in 2024, but this did not affect Kuvare's ownership of its life insurance and reinsurance companies [3]. - Blue Owl provides financial capital support of $250 million to Kuvare, which is a passive investment without control rights over Kuvare [4]. - The current relationship is that of a third-party investment adviser, with Kuvare dictating the Strategic Asset Allocation Plan and Investment Guidelines that Blue Owl must follow [5]. Group 2: Loan Acquisition Process - Kuvare assessed an opportunity to acquire middle market loan assets from Blue Owl, retaining full control over the decision to participate in the transaction [6]. - Independent diligence was conducted by Kuvare on the loan assets, leading to the rejection of many based on risk ratings and financial performance [7]. - The final loan portfolio consists of over 100 different borrowers, with the top ten borrowers making up 35% of the pool, ensuring diversification [8]. Group 3: Transaction Integrity - Transactions were negotiated on an arms-length basis, with asset prices reflecting third-party valuations, and included participation from major pension funds [9]. - The loan assets acquired represent less than ten basis points (0.1%) of Kuvare's total invested assets, with negligible direct credit exposure to Blue Owl totaling $3.4 million, or approximately one basis point (0.012%) [10]. Group 4: Company Overview - Kuvare is an international financial services platform with nearly $50 billion in assets, focusing on life insurance, annuities, reinsurance, advisory, and asset management solutions [11].