Lunate acquires minority stake in US-based PE firm as part of USD 3 bn JV with Blue Owl

Lunate takes minority stake in US healthcare PE firm: Abu Dhabi-based alternative asset manager Lunate Capital and American asset manager Blue Owl Capital acquired a minority stake in US-based healthcare private equity firm Linden Capital Partners, according to a statement. The acquisition comes as part of Lunate and Blue Owl’s USD 3 bn fund, which was launched in February and targets acquisitions of minority stakes in midsize asset managers.

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The “passive” investment will not have an impact on Linden’s operations or investment strategies, the statement notes.

ADVISORS- Evercore acted as Linden’s financial advisor, while Kirkland & Ellis provided legal counsel. Blue Owl was advised by BofA Securities as financial advisor and by Fried, Frank, Harris, Shriver & Jacobson as legal counsel.