Blue Owl Capital is nearing the final close of its sixth GP stakes fund, having raised $10.6 billion. The fund, which had a $13 billion target, has seen multiple extensions to its projected timeline and is expected to wrap up this year.

Speaking on the firm's Q2 2026 earnings call, CFO Alan Kirshenbaum stated that the vehicle is in its "final stretch" of fundraising. This latest fund continues Blue Owl's strategy of investing in established private equity firms, providing liquidity to general partners and capital for growth.

The sustained investor interest in GP stakes demonstrates the continued appeal of this asset class within the alternative investment landscape. Blue Owl's ability to attract significant capital underscores its position as a leading player in the GP stakes market.