Blue Owl Unit Dyal Capital Sets $13 Billion Target for New Fund

Dyal Capital, the investing unit owned by Blue Owl Capital Inc., is seeking to raise $13 billion for its sixth investment fund, according to people familiar with the firm’s plans.

Dyal, which backs other asset managers and offers financing to private equity firms, is setting another record target similar to the fund’s predecessor, the people said, asking not to be identified because the information is private. Capital-raising efforts and outreach to limited partners began this month, one of the people said.

A representative for Blue Owl declined to comment.

Founded in 2010, Dyal’s business providing capital to ...