Blue Owl takes minority stake in Switzerland's Ufenau Capital Partners
What's the deal? Blue Owl has acquired a passive minority stake in Ufenau Capital Partners, a Swiss private equity firm focused on European mid-market businesses. The GP-stakes investment was announced in October 2026. Terms were not disclosed.
What's the endgame? The investment will reportedly strengthen Ufenau's balance sheet, support team expansion, and improve alignment with its investors. In exchange, Blue Owl gains exposure to the manager's ongoing economics while Ufenau secures long-term firm-level capital.
Why now? The deal follows Ufenau's €2.1 billion Fund VIII close in 2025 — more than double its predecessor. That gives the firm a larger platform to deploy capital across European mid-market companies.
This is a strategic GP-stakes deal, not a fundraise for Ufenau's portfolio companies.
The signal: The transaction reflects continued demand for capital that helps established managers grow beyond what fund commitments alone provide. GP-stakes activity has been steady through 2026, with recent deals involving Temasek, EQT, and other large allocators backing mid-market and secondaries managers.
Read more: secondarylink.com
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