Blue Owl Said Nearing Deal to Buy Linden Capital Partners Stake

Blue Owl Capital Inc.’s arm that invests in other alternative-asset managers is nearing a deal to acquire a minority stake in health-care-focused private equity firm Linden Capital Partners, according to people with knowledge of the matter.

The firm is set to back Linden through its flagship GP stakes fund as well as its first vehicle dedicated to mid-size managers, said one of the people, all of whom asked not to be identified to discuss confidential information.

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A Blue Owl spokesperson declined to comment. Linden representatives didn’t immediately respond ...