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PEI Group Data
Colossal raise for third vintage beats $10bn equity target by over 50%, and nearly doubles that of precursor.
Total credit AUM increased to $330bn with inflows of $18.6bn in the quarter.
Like its purchase of Prima in April, the transaction looks to expand Blue Owl’s footprint in private credit.
Fundraising growth slows for the largest real estate debt managers – but their success outweighs the rest.
Second vintage has already deployed 40% of capital, and early investments are putting up net IRRs of 25%, manager says.
The firm reported a 51% jump in its private credit fourth-quarter earnings year-on-year.