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.
HealthCare Royalty (HCRx) and Blue Owl Capital have provided a $250 million term loan facility to TG Therapeutics (NASDAQ: TGTX), a biopharmaceutical company focused on B-cell diseases. The loan, maturing on August 2, 2029, supports TG's commercialization of BRIUMVI®, an anti-CD20 monoclonal antibody for treating relapsing forms of multiple sclerosis. BRIUMVI® generated $89 million in U.S. net revenue in 2023. An additional $100 million facility is available at mutual option. This financing demonstrates confidence in TG Therapeutics' commercial progress and provides capital for its business objectives.
Blue Owl Capital Inc. (NYSE: OWL) reported strong financial results for Q2 2024, with management fee growth exceeding 20% year-over-year for every quarter since going public. The company achieved record levels of deployment, strong pipelines, and robust fundraising across various strategies and products. Blue Owl announced an agreement to acquire Atalaya Capital Management's business, expanding its capabilities in alternative credit and asset-based finance. The company declared a quarterly dividend of $0.18 per Class A Share, payable on August 30, 2024. Blue Owl's Co-CEOs, Doug Ostrover and Marc Lipschultz, expressed confidence in the company's positioning within major trends driving alternative asset management growth.
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.