Early Life
Michael Rees was born in Pittsburgh, Pennsylvania, and received a Bachelor's degree in Mechanical Engineering and a Bachelor's in Political Science from the University of Pittsburgh. He later pursued advanced degrees at the Massachusetts Institute of Technology, earning a Master of Science in Mechanical Engineering and a Master of Science in Technology Policy. His background in engineering and policy laid the foundation for his future success.
Rise to Success
Rees began his career at Marakon Associates before joining Lehman Brothers in 2001. During his tenure at Lehman Brothers, he held numerous executive roles and was responsible for strategic acquisitions for the Investment Management Division. He then became a founding employee and shareholder of Neuberger Berman Group. Rees is best known for founding Dyal Capital, the market leader in buying General Partner stakes from established private equity and alternative asset managers. Dyal Capital merged with Owl Rock Capital Partners in 2021, forming Blue Owl Capital, where Rees currently serves as Co-President and Head of the GP Strategic Capital platform, which oversees billions in assets.
Key Business Strategies
Rees's key business strategy has been focused on identifying and investing in the private equity sector. His platform is known for acquiring minority stakes in private equity firms, a niche market that has proven successful. His vision has been instrumental in growing Blue Owl Capital into a major player in the alternative asset management industry. Rees's approach involves a deep understanding of financial markets and a focus on strategic partnerships.
Philanthropy
Rees, along with his wife, Allison, is actively involved in philanthropy. In 2023, they donated $3 million to the New Canaan Library, and the Children's Room was renamed The Rees Family Children's Library. He also serves on the boards of The Feinstein Institutes for Medical Research and The Opportunity Network, a nonprofit supporting underserved students with career readiness education.