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Blue Owl Capital Inc. has launched the Blue Owl Alternative Credit Fund (OWLCX), its first interval fund designed to open access for individual investors to a broad spectrum of alternative credit assets. The firm secured $850 million in initial capital commitments through its global private wealth channel, making OWLCX one of the largest interval fund launches on record, according to Robert A. Stanger & Company, Inc.

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Blue Owl Capital Launches $850M Alternative Credit Interval Fund Blue Owl Capital Inc. has launched the Blue Owl Alternative Credit Fund (OWLCX), its first interval fund designed to open access for individual investors to a broad spectrum of alternative credit assets. The firm secured $850 million in initial capital commitments through its global private wealth c...

One does not make a trend, but three? Private equity firm KKR & Co. announced it is limiting withdrawals from its real estate investment trust (REIT) – Real Estate Select Trust (KREST), following similar decisions at REITs managed by Blackstone Inc. and Starwood Capital.

disclosed in a regulatory filing that investors holding more than 8% of the ’s $1.6 billion in net assets requested withdrawals during a first quarter offering period, surpassing its quarterly limit of 5%.

allowed investors to redeem $79.3 million, which is equivalent to approximately 62% of the total investors’ repurchase requests of about $128 million.
More details: https://www.connectmoney.com/stories/kkr-joins-blackstone-starwood-in-limiting-reit-withdrawals/

KKR Joins Blackstone, Starwood in Limiting REIT Withdrawals One does not make a trend, but three? Private equity firm KKR & Co. announced it is limiting withdrawals from its real estate investment trust (REIT) – Real Estate Select Trust (KREST), following similar decisions at REITs managed by Blackstone Inc. and Starwood Capital. KREST disclosed in a regul...

, a startup that provides digital automotive engagement software for manufacturers, marketplaces and dealers, raised $104 million led by private equity firm Silversmith Capital Partners and additional investment from .

The funding will be used to ramp up growth through product expansion and M&A activity to meet industry demand for automation and digital technology solutions.

NY-based Impel’s platform allows car shoppers to have a more tactical buying experience online. With around 100 partners in the automotive space, Impel has been involved in $2 billion worth of car sales since its inception in 2011 and has grown its revenue by 100% in the past two years.
More details: https://www.connectmoney.com/stories/digital-platform-for-cars-buyers-impel-lands-104m-led-by-silversmith-capital/

Digital Platform for Cars Buyers Impel Lands $104M Led by Silversmith Capital Impel, a startup that provides digital automotive engagement software for manufacturers, marketplaces and dealers, raised $104 million led by private equity firm Silversmith Capital Partners and additional investment from Wavecrest Growth Partners. The funding will be used to ramp up growth through....