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Stock impact report

H.I.G. Raises $6 Billion for Its Latest Leveraged Buyout Fund [BNN Bloomberg (Canada)]

Blue Owl Capital Inc. Class A (OWL) 
Company Research Source: BNN Bloomberg
The firm initially targeted $5 billion for the vehicle, which was offered to new investors for the first time since the strategy was conceived for a 2008 fund. “It has been a challenging fundraising environment, particularly due to limited partners that have been impacted by the denominator effect,” Executive Managing Director Jordan Peer Griffin said in an emailed statement, referencing the fact that some institutional investors have been forced to trim their exposure to asset classes such as private equity following a sharp decline in public markets. Quick Take: The ‘Denominator Effect' Depressing Private Markets “We were able to overcome these dynamics given the strong performance and differentiated approach of our strategy,” Peer Griffin said. “Additionally, we benefited by having a strong presence in the LP community, across the globe, including in less impacted regions such as the Middle East and Asia.” Miami-based H.I.G. has said it specializes in deals that include re Show less Read more
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