Michael Rees

Michael Rees, Founder and Head of Dyal Capital Partners and Co-President of Blue Owl, shares his journey from mechanical engineering to investment strategy. He discusses the changing landscape of General Partner stakes, seller motivations, and market perceptions. Rees emphasizes the importance of relationship-driven sourcing and the strategic shift toward permanent capital. He also addresses critiques of Dyal's approach and highlights the evolving expectations from private equity, showcasing a blend of innovation and humility as essential for success in investment.

Michael Rees, Co-President of Blue Owl Capital and an expert in GP Stakes, dives into the booming world of private equity. He discusses how becoming a general partner opens diverse revenue streams, moving beyond traditional fee structures. Rees also shares his career journey from Pittsburgh to MIT, emphasizing the role of mentorship. The conversation touches on regulatory changes that aim to broaden access to private investments and the dynamic evolution of GP Growth Capital, urging listeners to explore untapped opportunities that exist within this asset class.

Michael Rees, Co-President of Blue Owl Capital, has a diverse background in chemical engineering and investment banking. He discusses the innovative growth of Blue Owl’s GP stakes business, shedding light on the evolving dynamics of private markets. Rees shares intriguing insights into their strategic expansion into sports investing, particularly in the NBA. He also emphasizes the importance of creative partnerships and a blue-collar ethic in building a resilient business model while expressing his passion for teaching finance and impacting future leaders.