Hi Ian,
You are not able to see the Dynamic Distribution Groups in All Groups is because the attributes of Dynamic Distribution Groups and Distribution Groups are different. Please follow the steps below to create a new address list of Dynamic Distribution Groups.
Step 1 Create a new role group with Address Lists right:
1. Log in to the portal of Office 365 through https://portal.microsoftonline.com/ with an administrator account. Click Admin on the right top side of the page and click Exchange to access the Exchange admin center.
2. Click permissions > admin roles > + to create a new administrator role. Type in the name of the group.
3. Click + under Roles to add the Address Lists role.
4. Click + under Members to add the account you are using right now as a member.
Step 2 Create the new address list:
1. Connect Windows PowerShell to Office 365 with the account you just used in Step 1.
2. Type in the command below
New-AddressList -Name "DynamicGroup" -RecipientFilter {(Alias -ne $null) -and (ObjectCategory -like 'msExchDynamicDistributionList')}
Step 3 Check the new address list:
1. Log in to the portal of Office 365 through https://portal.microsoftonline.com/ with an account.
2. Click People.
3. Click on DynamicGroup on the left side of the page.
Then you will find all of the Dynamic Distribution Groups are listed in there.
Thanks,
Yang Yu