Blue Owl Capital Inc., a US-based alternative asset management firm, has confirmed the appointment of Deva Mishra to head its Insurance Solutions platform as it seeks to broaden its capabilities for insurance clients.
Blue Owl, which invests across credit, real assets and GP strategic capital strategies, said the appointment forms part of its ongoing efforts to scale its insurance-focused offering.
Mishra will take up the role of Head of Blue Owl Insurance Solutions on 6 July, reporting to Co-Chief Executive Officers Doug Ostrover and Marc Lipschultz.
Blue Owl launched its Insurance Solutions initiative in 2024 with the aim of developing tailored investment strategies for insurance clients, supported by the firm’s wider investment platform.
The company explained that the platform draws on expertise across its Credit, Real Assets and GP Strategic Capital teams, with Mishra expected to help further integrate and expand these capabilities to meet insurer demand for diversified, long-term investment solutions.
“Deva is a proven builder and leader with a differentiated track record across insurance, asset-backed finance, and long-duration investment solutions,” commented Ostrover and Lipschultz. “His approach aligns with our continued focus to serve as a trusted partner to insurers, delivering diversified investment strategies at scale.”
Mishra joins Blue Owl after serving as Chief Executive Officer of Prosperity Asset Management and Chief Investment Officer and Director of Prosperity Group Holdings.
During his tenure, he worked alongside Elliott Management to grow the business from around $3 billion to approximately $30 billion in assets, alongside a multibillion-dollar monetisation. He oversaw activity spanning insurance mergers and acquisitions, asset management, reinsurance, capital markets transactions and origination platforms.
Before that, Mishra was Deputy Chief Investment Officer at Global Atlantic Financial Group, where he managed a general account exceeding $50 billion and contributed to the firm’s expansion from $5 billion to $50 billion in assets.
Blue Owl noted that he also led investment strategy across insurance M&A and reinsurance activity, delivering strong performance over eight years, with experience covering balance sheet management, alternative assets, real assets and structured finance investments.
“Blue Owl has a notable history of delivering strong returns to investors, and the opportunity now is to further scale the insurance solutions platform,” added Mishra. “This foundation will allow us to leverage Blue Owl’s origination depth and expertise in prudently managing capital across alternatives, creating long-term value for insurers.”
