In the middle of last month I wrote a brief note here about Blue Owl, a large manager of alternative assets with a lot of money at stake in the software-as-a-service (SaaS) space.
We come around to Blue Owl again, because days ago Brown University announced it is cutting its stake in Blue Owl Capital Corp., one of the broad Blue Owl family of entities-- roughly cutting that stake in half.
This bugs me because:
1) it is such a large shift that ...
2) there is likely a reason for it -- somebody at Brown knows something about Blue Owl, and
3) I don't know what they know. Indeed, it is my job to know what is up at such places as Blue Owl, and it looks like I'm missing out on something big.
Also, to be clear: this is NOT a "divestment" from Israel. There is a student group at Brown that presses for that, and they have had their Gaza Solidarity Encampment, but so far they have had no success in affecting Brown's portfolio, and I don't know of any Blue Owl/Israel connection for them to complain of at any rate.
I'll keep an eye out.
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