"At the end of the day, it's the greatest hits of private equity," said Co-CEO Mark Lipschultz when discussing the strategy.
The alternatives manager also gave updates on the fundraising status of several other secondaries strategies spanning private equity, GP-leds, venture capital, and infrastructure.
The firm's second dedicated fund for the strategy exceeded its $1 billion target, bringing total single-asset CV investment capacity across its secondaries platform to $7 billion.
The vehicle aims to build a portfolio of around 15 middle-market companies, primarily in Europe, through GP-led secondary strategies and direct minority co-investments.
The Sydney-based manager has launched its inaugural fund, targeting investments across five AI growth vectors.
"We believe this segment will remain a meaningful driver of activity and deployment for our secondary platform going forward," said Co-CEO Erik R. Hirsch.
The London-based manager has shelved plans for the strategy's mid-market version, to avoid overlap with the upcoming large-cap vehicle.
The milestone coincided with the first close of the firm's inaugural GP-led fund, securing $200 million in capital commitments.
"Sponsors are looking for long-term, aligned capital to support high-conviction assets, and BOSE is designed to meet that demand at scale," said Doug Ostrover and Marc Lipschultz, Co-CEOs of Blue Owl.
The New York-based alternative asset manager is approaching the final close of the series' first vintage.
