Blue Owl Capital is making a strategic move into the secondhand stakes market for private-asset funds. The firm is preparing to acquire stakes from existing investors who are looking to liquidate their positions. This bet capitalizes on the accelerating growth in secondary transactions across the private markets, as more institutional players seek alternative liquidity options. Sources close to the matter indicate this represents part of a broader trend as traditional asset managers adapt to shifting capital flows and investor demand patterns in the alternative investment space.