Blue Owl Capital, a leading alternative asset manager, has announced the creation of Blue Owl’s Real Estate Finance Strategy with the acquisition of Prima Capital Advisors for the aggregate consideration of $170 million.
Prima manages roughly $10 billion in assets on behalf of institutional investors and select high-net-worth individuals. The acquisition is expected to close in second or third quarter 2024.
Blue Owl also has announced that Jesse Hom will join the firm to lead the newly created Real Estate Finance strategy and serve as chief investment officer for Blue Owl’s real estate platform. Hom was previously the global head of real estate credit at GIC.
In addition to launching Blue Owl's real estate finance strategy, Hom will work to grow the existing triple-net-lease business and identify strategic opportunities to build out and scale the real estate platform.
“This acquisition of Prima represents a further expansion of Blue Owl’s suite of