Oct 7 (Reuters) - Asset manager Blue Owl said on

Monday it would buy digital infrastructure fund manager IPI

Partners from investment manager ICONIQ Capital and private

equity firm Iron Point Partners for about $1 billion.

Blue Owl will fund the deal, expected to close in the fourth

quarter of 2024 or first quarter of 2025, with 80% of equity and

20% in cash.

Deutsche Bank Securities, J.P. Morgan Securities, Morgan

Stanley, Societe Generale, TD Securities and Kirkland & Ellis

advised Blue Owl on the deal.