US-based Blue Owl pumps capital into student beds provider

Student accommodation provider the Dot Group has secured US-based group Blue Owl as a strategic financier for the group. The deal provides Dot with access to institutional capital and support for accretive opportunities. Dot chief executive Nick Porter said the deal represented an “important strategic step in Dot’s journey” as it continues to grow and evolve. He said: “This world-class relationship highlights the strength of Dot’s global market position, the depth of our expert management teams, and the sheer magnitude of opportunities that exist for our group, all underpinned by the student sector’s robust demand, growing demographics and improving market conditions.” Michael Rees, co-president and head of Blue Owl’s GP strategic capital platform, added: “We believe Dot is a leader in the student housing real estate space and are excited to add this innovative group to our portfolio. Berkshire Global Advisors and Kirkland & Ellis advised on the deal.