Blue Owl GP Stakes VI, which expects to wrap up fundraising this year, is roughly 40% committed against its $13 billion target.
The New York-based manager is also planning a successor to its GP-led secondaries fund in 2027 and is targeting an H1 first close for its debut credit secondaries offering.
The passive minority investment will reportedly strengthen the Swiss private equity firm's balance sheet and support team expansion and alignment with LPs.
The sequel fund has secured $150 million from a California pension and will back venture and growth managers through GP stakes, fund commitments, and co-investments.
The secondary market specialist will remain independently managed by its existing leadership team, with no changes to its investment strategy.
The 2025 SecLink Awards winner has returned $4.6 billion of capital to investors through five strip sales over the past two years.
Fund Launch Partners Fund II, which held its first close at $30 million, focuses on smaller and emerging managers at the earliest stages of firm formation.
Arctos Keystone Partners Fund I, which exceeded its $4 billion target, provides growth capital and financing to leading alternative asset managers.
Blue Owl GP Stakes VI, which has raised approximately $10 billion, is expected to hold a final close this year.
SecondaryLink outlines the IRR & MOIC of several GP stakes funds managed by Blue Owl.
