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Blue Owl owns ownership in the Sacramento Kings and is part of the Alex Rodriguez, Mark Lore-led class fighting for rights power of the Minnestoa Timberwolves.
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The sports strategy assets under management of private equity firm Blue Owl came to an end of the third quarter with$ 900 million, an increase of$ 100 million, or 13 %, from the end of June, according to a regulatory filing.
Prior to the merger of Dyal and another company to create Blue Owl, Dyal’s sports strategy fund, which previously had a name called Dyal HomeCourt, purchased limited partner stakes in NBA franchises. The organization that wants to handle the Minnesota Timberwolves includes Blue Owl, who own margins in the Atlanta Hawks and Sacramento Kings. When Mat Ishbia bought the Phoenix Suns next year, it made its first exit from the bank. Dyal booked a 158 % gain on its funding in that company.
In its 10-Q filing last Thursday night detailing top line financial results the firm shared with investors in October, Blue Owl said its Professional Sports Minority Stakes Strategy, as it is now called, had$ 900 million in assets under management, of which$ 300 million are fee-generating. The company made$ 757, 000 in sports plan fee income in the second quarter, up$ 74, 000 from a year ago. A request for comment was not received by a Blue Owl director.

The NBA technique is just a piece of Blue Owl’s funds. The firm reported nearly$ 235 billion in assets as of Sept. 30, of which about$ 154 billion generates fees for the PE giant. The business deals greatly in real estate sale-leasebacks—buying home and letting it up to the seller—including with Walgreens, Kroger and Hall of Fame Resort &amp, Entertainment. Additionally, it has a sizable record lending arm, which includes Upstart, a consumer credit lending platform with a focus on sports and media, and GLG, a client of which there is a big clientele.
The NBA portfolio is housed within Blue Owl’s GP Strategic Capital account, which currently has$ 62 billion in assets under management, primarily as part of a plan to purchase minority partner shares in different companies, such as shares of KPS Capital, the company’s owner of Sport Group, which produces synthetic turf. On its investor visit in October, Blue Owl did not address the sports plan.
The second PE company to agree to purchase majority ownership of franchises with the NBA in 2020 was Blue Owl’s Dyal arm. The organization, which Alex Rodriguez and Mark Lore lead, is battling for power of the Timberwolves under a now-disagreed purchase and sale agreement, which was signed in 2021.
The Utah Jazz, Philadelphia 76ers, Golden State Warriors, Arctos Partners, and San Antonio Spurs, all of which are 20 % owned by Sixth Street, are known to have PE owners.

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