Blue Owl Capital Inc. (NYSE: OWL) (“Blue Owl”) has announced an agreement to acquire funds managed by Cowen Healthcare Investments (“CHI”), a life sciences investment manager, from CIM. The acquisition will add approximately $1 billion in assets across several funds and further strengthen Blue Owl’s market presence in the life sciences sector with an emphasis on mid-to-late-stage equity investments into biopharmaceutical and healthcare companies. As part of the transaction, the CHI team will become full-time Blue Owl employees, including senior leaders Kevin Raidy, Tim Anderson and Rob Sine. Upon completion of the transaction, CHI’s funds will be rebranded to Blue Owl Healthcare Opportunities.
Read the full article: Blue Owl Capital Announces Agreement to Acquire Funds Managed by Cowen Healthcare Investments from Cowen Investment Management (CIM) //
Source: https://www.prnewswire.com/news-releases/blue-owl-capital-announces-agreement-to-acquire-funds-managed-by-cowen-healthcare-investments-from-cowen-investment-management-cim-301969475.html