Welcome to our dedicated page for Blue Owl Capital news (Ticker: OWL), a resource for investors and traders seeking the latest updates and insights on Blue Owl Capital stock.
Blue Owl Capital Inc. reports developments as a global alternative asset manager investing across Credit, Real Assets and GP Strategic Capital. Recurring updates cover operating and financial results, assets under management, fundraising, capital deployment, dividends, share repurchases and other capital-structure actions tied to its permanent capital base.
News also includes activity involving Blue Owl-managed specialty finance companies such as Blue Owl Capital Corporation and Blue Owl Technology Finance Corp., including portfolio performance, dividends, repurchase programs and financing activity within the Credit platform.
Blue Owl Capital (NYSE: OBDC) celebrates the five-year anniversary of its investment in Wingspire Capital, a premier asset-backed direct lender. Since its launch in fall 2019, Wingspire has closed over $4.5 billion in financing commitments across its two business units: Wingspire Equipment Finance and Wingspire Corporate Finance.
OBDC plans to continue supporting Wingspire's growth through organic expansion, acquisitions, and new product offerings. Wingspire specializes in providing flexible financing solutions for middle-market businesses with bank-adjacent credit profiles. The company recently completed its inaugural equipment finance asset-backed securitization, WEF 2024-1, marking a significant milestone in the industry.
Wingspire Capital currently has over $1 billion in assets under management and offers senior secured credit facilities of up to $200 million. The company serves various industries, including automotive, business services, healthcare, and technology applications.
Newmark Group, Inc. (Nasdaq: NMRK) has announced its role as strategic advisor in a $3.4 billion joint venture to fund a purpose-built data center in Abilene, Texas. The venture involves Blue Owl Capital, Primary Digital Infrastructure, and Crusoe Energy Systems Crusoe will design, build, and operate a 206 megawatt, 998,000-square-foot data center, which is 100% long-term leased to a Fortune 100 hyperscale tenant.
The data center, set to begin occupancy in 1H 2025, will incorporate innovative design optimized for direct-to-chip liquid cooling and support high energy density IT applications, particularly for artificial intelligence workloads. It will have the capacity to operate up to 100,000 GPUs on a single integrated network fabric. The project is expected to contribute nearly $1 billion to the local economy over 20 years and create almost a hundred local jobs.
Eldridge Industries has acquired a 10% interest from Blue Owl GP Stakes Fund III, introducing an innovative liquidity solution to the GP stakes industry. This transaction provides liquidity and unlocks value for Blue Owl GP Stakes Fund III investors while positioning Eldridge Industries as a leading provider of GP solutions. Blue Owl GP Stakes Fund III is a passive minority investment vehicle holding stakes in leading private equity firms.
Todd Boehly, Chairman and CEO of Eldridge Industries, expressed excitement about working with Blue Owl on this innovative transaction. Michael Rees, Co-President of Blue Owl and Head of GP Strategic Capital Platform, noted that Eldridge Industries was a natural match for providing a liquidity solution. Blue Owl (NYSE: OWL) is a leading asset manager with over $192 billion in assets under management as of June 30, 2024, investing across Credit, GP Strategic Capital, and Real Estate platforms.
Crusoe Energy Systems, Blue Owl Capital, and Primary Digital Infrastructure have announced a $3.4 billion joint venture to fund a 206 MW AI data center at the Lancium Clean Campus in Abilene, Texas. The project, designed and operated by Crusoe, is 100% long-term leased to a Fortune 100 hyperscale tenant with occupancy expected in 1H 2025.
The data center will be capable of supporting up to 100,000 GPUs on a single integrated network fabric, optimized for direct-to-chip liquid cooling and air cooling. The project aims to use both on- and off-site renewable energy sources, aligning with Crusoe's climate-focused mission. It's estimated to contribute nearly $1 billion to the local economy over 20 years and create almost 100 local jobs.
Upstart, the AI-driven lending marketplace, has announced a significant partnership with Blue Owl Capital. Blue Owl's Alternative Credit strategy has committed to purchasing up to $2 billion of consumer loans from Upstart's platform over an 18-month period. This agreement includes an initial acquisition of a $290 million personal loan portfolio, which was completed in September.
The collaboration aims to enhance the efficiency of consumer lending for both borrowers and lenders. Blue Owl's data science capabilities and experience in consumer finance will be leveraged in this partnership. ATLAS SP Partners, majority-owned by Apollo funds, will provide debt financing for the loan purchases.
This partnership represents one of Upstart's largest purchase commitments to date and is expected to accelerate their efforts in expanding access to affordable credit.
Blue Owl Capital Inc. (NYSE: OWL) has announced that it will release its financial results for the third quarter ended September 30, 2024, on Thursday, October 31, 2024, before the market opens. The company will host a webcast and conference call at 10 a.m. Eastern Time to discuss the results.
Interested parties can access the conference call through the Shareholders section of Blue Owl's website or by dialing in. The domestic toll-free number is +1 (888) 330-2454, and the international number is +1 (240) 789-2714. Participants should use the Conference ID: 4153114 and reference "Blue Owl Capital" when connected. Callers are advised to dial in 10-15 minutes before the call starts.
An archived replay of the call will be available via a webcast link on the Shareholders section of Blue Owl's website.
Blue Owl Capital Inc. (NYSE: OWL) has announced a definitive agreement to acquire IPI Partners, , a digital infrastructure fund manager, for approximately $1.0 billion. The purchase price will be comprised of 80% Blue Owl equity and 20% cash. IPI, founded in 2016, manages $10.5 billion in assets and has a portfolio of 82 data centers across the US, EMEA, and APAC.
The acquisition is expected to close in Q4 2024 or Q1 2025, subject to certain conditions. It is anticipated to be neutral to Blue Owl's earnings in 2025 and modestly accretive in 2026. Blue Owl will partner with an affiliate of ICONIQ Capital to accelerate future growth. Upon closing, IPI's business will enhance Blue Owl's digital infrastructure strategy within its Real Estate platform.
This acquisition aims to capitalize on the growing market opportunity in financing data centers and increasing investor appetite for strategies investing in cloud and AI-driven trends.
Blue Owl Capital III (NYSE: OBDE) has announced the schedule for its third quarter 2024 earnings release and conference call. The company will release its financial results for the quarter ended September 30, 2024, on Wednesday, November 6, 2024 after market close. A webcast and conference call to discuss these results will be held on Thursday, November 7, 2024, at 11:00 a.m. Eastern Time.
The conference call will be broadcast live on OBDE's website and can be accessed by dialing (877) 407-9714 for domestic callers or +1 (201) 689-8865 for international callers. An archived replay will be available on the company's website for one year and via dial-in numbers for 14 days after the call.
Blue Owl Capital (NYSE: OBDC) has announced the schedule for its third quarter 2024 financial results release and earnings call. The company will release its financial results for the quarter ended September 30, 2024, on Wednesday, November 6, 2024 after market close. A webcast and conference call to discuss these results will be held on Thursday, November 7, 2024, at 10:00 a.m. Eastern Time.
Interested parties can access the conference call via the Events section of OBDC's website or by dialing in. Domestic callers should use (877) 737-7048, while international callers can dial +1 (201) 689-8523. Participants are advised to dial in 10-15 minutes early. An archived replay will be available on the company's website for one year and via dial-in for 14 days after the call.
Blue Owl Capital Inc. (NYSE: OWL), a leading alternative asset manager, has completed its acquisition of Atalaya Capital Management LP's business. The acquisition, initially announced in July 2024, significantly expands Blue Owl's alternative credit presence and enhances its market-leading position in direct lending. Atalaya, an alternative credit manager, focuses on asset-based credit investments across consumer and commercial finance, corporate and real estate assets. As of June 30, 2024, Atalaya managed over $10 billion in assets under management. Ivan Zinn, Atalaya's Founding Partner and Chief Investment Officer, has been appointed as Blue Owl's Head of Alternative Credit, reporting to Craig Packer, Head of Credit and Co-President of Blue Owl.