On May 20, 2021, Altimar Acquisition Corp., a special-purpose acquisition company sponsored by alternative asset manager HPS Investment Partners LLC, completed the merger with Owl Rock Capital Group LLC and Dyal Capital Partners to form Blue Owl Capital Inc. Blue Owl is an alternative asset manager with approximately $50 billion in assets under management (AUM) as of Dec. 31, 2020, focused on the direct lending space and general partner capital solutions. We assigned our 'BBB' issuer credit rating to Blue Owl Capital Inc. The stable outlook reflects our expectation that the company will operate with leverage comfortably below 1.5x during the next 18 to 24 months while the merger integration is executed, AUM experiences meaningful growth, and investment performance remains
