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Blue Owl Capital Inc. (NYSE: OWL) is a leading global alternative asset manager that specializes in deploying private capital across three key platforms: Credit, GP Strategic Capital, and Real Estate. As of December 31, 2023, Blue Owl manages over $165 billion in assets, showcasing a robust growth trajectory. Anchored by a solid permanent capital base, the firm offers tailored capital solutions to businesses driving long-term growth.
Blue Owl operates through two principal entities: Blue Owl Capital Holdings LP and Blue Owl Capital Carry LP. The firm caters to a diverse investor base, including institutional investors such as public and private pension funds, endowments, foundations, family offices, private banks, high-net-worth individuals, asset managers, and insurance companies. Its operations are predominantly based in the United States, generating substantial revenue from these activities.
The company's seasoned management team, with over 25 years of experience in alternative investments, leads a workforce of more than 685 professionals across 10 global offices. This expertise is reflected in Blue Owl's strategic acquisitions and partnerships, such as the recent acquisition of Prima Capital Advisors for $170 million, expanding its Real Estate Finance strategy. Furthermore, the addition of industry veteran Jesse Hom as Chief Investment Officer for Blue Owl's Real Estate platform underscores the firm's commitment to exceptional leadership and strategic growth.
Blue Owl's innovative approach is evident in its GP Strategic Capital platform, which recently partnered with Lunate Capital to provide minority equity and financing solutions to private capital managers. This initiative supports the ongoing growth of Linden Capital Partners' healthcare investment platform, further diversifying Blue Owl's portfolio.
The firm continuously seeks to enhance its offerings, as demonstrated by the recent issuance of $750 million of 6.250% Senior Notes due 2034 to fund strategic acquisitions and growth initiatives. This financial strategy underscores Blue Owl’s commitment to maintaining a strong capital base while pursuing sustainable growth.
In summary, Blue Owl Capital Inc. stands out as a premier asset manager, offering innovative capital solutions and delivering strong, risk-adjusted returns to its institutional and individual investors. With its global presence, seasoned leadership, and diversified investment strategies, Blue Owl is well-positioned to continue redefining alternative asset management.
For more information, visit www.blueowl.com.
Blue Owl Capital Inc. (NYSE: OWL) has announced a $450 million acquisition of Atalaya Capital Management LP, an alternative credit manager. The deal, expected to close in H2 2024, will add over $10 billion in assets under management to Blue Owl's portfolio. Atalaya, founded in 2006, specializes in asset-based credit investments across various sectors.
The acquisition price includes $350 million in Blue Owl equity and $100 million in cash, with a potential $350 million earnout based on future revenue targets. Ivan Zinn, Atalaya's founder, will join Blue Owl as Head of Alternative Credit. The move is expected to be modestly accretive to Blue Owl in 2025 and will significantly expand its alternative credit offerings.
Blue Owl Capital (NYSE: OWL) will announce its second quarter 2024 financial results on August 1, 2024, before the market opens. The company invites shareholders and interested parties to a webcast/conference call at 10 a.m. Eastern Time to discuss the results. The live broadcast will be available on the Shareholders section of Blue Owl's website. To participate, domestic callers can dial +1 (888) 330-2454 and international callers can dial +1 (240) 789-2714, using Conference ID: 4153114. An archived replay will be available on the company's website.
Blue Owl Capital (NYSE: OBDC) will release its Q2 2024 financial results on August 7, 2024, post-market close.
OBDC has scheduled a webcast / conference call on August 8, 2024, at 10:00 a.m. ET to discuss the results.
Interested participants can access the call through OBDC's website or by dialing provided numbers.
For those unable to attend, a replay will be available on OBDC's website for one year and via dial-in for 14 days.
All participants are advised to connect 10-15 minutes before the call starts.
Blue Owl Capital III (NYSE: OBDE) has scheduled the release of its financial results for Q2, ending June 30, 2024, on August 7, 2024, after market close. The company will host a webcast and conference call on August 8, 2024, at 11:00 a.m. ET to discuss these results. The live broadcast will be available on OBDE's website, with domestic participants dialing (877) 407-9714 and international participants dialing +1 (201) 689-8865. Replay options include a webcast link available for one year and a dial-in service accessible for 14 days using the code 13747167.
Blue Owl Capital (NYSE: OWL) has completed its acquisition of Kuvare Asset Management (KAM), a boutique investment management firm with $20 billion in assets under management as of May 31, 2024. The acquisition, initially announced in April 2024, allows Blue Owl to enhance its capabilities in serving the insurance market, marking the launch of Blue Owl Insurance Solutions. This new division will integrate Blue Owl's focused alternatives approach with expanded industry capabilities, allowing the firm to serve insurance clients more comprehensively. The move is expected to support Blue Owl's growth by strengthening relationships with insurance companies and providing a diversified source of capital.
Blue Owl Capital (NYSE: OWL) has announced several key hires to expand its European client coverage. These hires align with the firm's strategy to deepen engagement with key clients across Europe.
Michael Burns, who joined in Spring 2023 as Managing Director and Head of Institutional Business Development across EMEA, leads the initiative. New hires include Antonis Maggoutas, Antonia O'Connor, Leo Houtekamer, and Johan Stromberg, each bringing extensive experience from leading financial institutions.
These additions are expected to enhance Blue Owl's capabilities in Germany, Switzerland, Austria, the UK, Ireland, EMEA, the Nordics, and the Benelux region. The new team will work closely with existing staff to drive business development efforts and strengthen client relationships.
Sound Point Meridian Capital announced the closing of its IPO, issuing 4,000,000 shares at $20.00 per share, resulting in net proceeds of approximately $79.7 million. The company, trading under the ticker 'SPMC' on NYSE since June 14, 2024, has also given underwriters a 30-day option to buy an additional 600,000 shares.
The proceeds will be used for acquiring investments and general working capital. Post-IPO, the company's net asset value stands at $400.1 million. The IPO was managed by Oppenheimer, B. Riley Securities, Janney Montgomery Scott, and Piper Sandler, with Clear Street and Wedbush Securities as co-managers.
Sound Point Meridian Capital (NYSE: SPMC) announced its initial public offering (IPO) pricing of 4,000,000 shares at $20.00 per share. Net proceeds are expected to be around $79.7 million post-expenses. An additional 600,000 shares may be purchased to cover over-allotments within 30 days.
The IPO aims to raise funds for investments and general working capital. Post-offering, the company's net asset value will be approximately $400.1 million. Shares will trade on the NYSE under the symbol 'SPMC' starting June 14, 2024, with the offering closing on June 17, 2024.
Joint book-runners for the offering include Oppenheimer & Co., B. Riley Securities, Janney Montgomery Scott, and Piper Sandler. Co-managers are Clear Street and Wedbush Securities. Investors are advised to review the company's preliminary prospectus filed with the SEC for more details.
Blue Owl Capital (NYSE: OWL) has successfully completed its acquisition of Prima Capital Advisors from Stone Point Capital funds. This deal was initially announced in April 2024. Prima, a real estate lender founded by Gregory White in 1992, specializes in commercial mortgage-backed securities and manages about $10 billion in assets as of March 31, 2024. This acquisition bolsters Blue Owl's Real Estate Finance strategy.
Blue Owl Capital (NYSE: OWL) announced the pricing of a $250 million offering of 6.250% Senior Notes due 2034 through its subsidiary Blue Owl Finance The notes are issued at 100.355% plus accrued interest from April 18, 2024, and will be treated as a single series with the previously issued $750 million notes. The notes are guaranteed by various Blue Owl entities and the offering is subject to customary closing conditions. Proceeds are intended for general corporate purposes, including strategic acquisitions and growth initiatives. The notes will be sold to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. A registration rights agreement will be executed, requiring an offer to exchange the notes registered with the SEC within 365 days of issuance.
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