UK Markets closed

Wall Street’s Very Own Unicorn Emerges in Private Credit Frenzy

Nov.12 -- Owl Rock Capital, founded by a trio of veteran Wall Street dealmakers, is selling a 20% minority stake to Neuberger Berman’s Dyal Capital Partners in a deal that will pump around $500 million into the firm, valuing it at about $2.5 billion, people with knowledge of the deal told Bloomberg News. Bloomberg's Sridhar Natarajan and Lisa Abramowicz discuss Wall Street’s very own unicorn.