Procurement, Business Services Platform, Vice President

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®.

With over $284 billion in assets under management as of June 30, 2025, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with approximately 1,300 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com

The Role:

The GP Stakes business takes minority ownership stakes in other institutional asset managers (referred to as “Partner Managers”). The existing portfolio consists of 60+ partnerships across a diversified set of GPs with strategies primarily including private equity, public and private credit, and real assets. Our differentiated approach features a robust value creation team called the Business Services Platform, comprised of 60+ professionals globally that provide strategic support to Partner Managers to help drive enterprise value. The Business Services Platform provides support across Client Development and Fundraising, Business Strategy and Growth, and Digital Transformation & Optimization

We are seeking an experienced and strategic procurement professional to join our team as a Vice President, Procurement. This role will support procurement value creation initiatives across our GP stakes partner manager firms and their portfolio companies. The ideal candidate will have expertise in cross-portfolio sourcing, procurement transformation, and cost optimization across a broad range of spend categories, with a strong preference for experience in private equity environments.
Responsibilities:

• Cost-Savings Opportunity Assessments: Identify, evaluate, and implement cost-saving initiatives at both the GP and portfolio company levels.
• Procurement Transformation: Develop and execute strategies to enhance procurement efficiency, optimize vendor relationships, and drive best practices across firms.
• Spend Analysis & Review: Conduct in-depth spend assessments to identify opportunities for consolidation, demand management, improved pricing, and process improvements.
• Stakeholder Engagement: Conduct interviews and collaborate with GP-level and portfolio company executives to assess procurement needs and align on sourcing strategies.
• Portfolio Company Cross-Selling: Facilitate opportunities for B2B portfolio companies to sell products and solutions to sister portfolio companies, negotiate preferred pricing, terms and conditions to maximize mutual benefits and encourage program adoption.
• New Vendor Program Development: Identify, negotiate, and onboard vendors to support aggregated sourcing and group purchasing initiatives.
• Strategic Negotiations: Lead and support vendor negotiations to achieve best-in-class pricing, service levels, and contractual terms for GP managers and their portfolio companies.
• Advisory Role: Serve as a subject matter expert on procurement best practices, providing guidance on governance, category management, and sourcing strategies at both the GP and portfolio levels.
• Cross-Portfolio & Aggregated Sourcing: Develop and manage cross-portfolio sourcing initiatives that drive economies of scale across IT, professional services, insurance, raw and direct materials, and indirect spend.

Qualifications:

• 7+ years of procurement and strategic sourcing experience, with a focus on cross-portfolio and aggregated sourcing.
• Strong background in IT sourcing, professional services, insurance, raw and direct materials, and indirect spend.
• Experience working at or with private equity firms, GP stakes investors, or alternative asset managers is highly preferred.
• Strong negotiation skills and a track record of executing cost-saving initiatives across multiple business units.
• Proven ability to analyze spend data, identify opportunities, and implement procurement best practices at scale.
• Excellent relationship management and stakeholder engagement skills, with experience advising senior executives.
• Ability to work in a fast-paced, dynamic environment with a high degree of autonomy.
  Proficiency in procurement tools, spend analytics, and contract management systems is a plus.

If you have a passion for procurement transformation, cross-portfolio sourcing, and value creation in the private equity space, we encourage you to apply. Join us and play a key role in optimizing procurement strategies across our GP stakes partner managers and their portfolio companies. 

It is expected that the base annual salary for this New York City- based position will be $185,000. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.