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.
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.
Blue Owl Capital (NYSE: OWL) has launched The Nest by Blue Owl, a digital platform designed to simplify alternative investing for financial advisors and their clients. The platform offers three main pillars: Learn, Implement, and Engage. It provides resources including on-demand CE-accredited webinars, educational content, portfolio construction tools, and implementation guides.
The Learn section focuses on understanding private markets fundamentals, while Implement offers resources for portfolio integration. The Engage pillar provides market insights and opportunities to interact with Blue Owl experts. This initiative aims to address the lack of advisor-focused educational opportunities in private markets, which has been a barrier to broader adoption of alternatives in the private wealth channel.
Wingspire Equipment Finance has successfully completed its inaugural asset-backed securitization (ABS), WEF 2024-1, raising $201 million. This marks the first large-ticket equipment ABS to receive ratings from a major rating agency for an inaugural issuance. The transaction included five classes of notes, with the top classes receiving F1+/K1+ and AAA ratings from Fitch Ratings and Kroll Bond Rating Agency. The ABS was backed by a diverse portfolio of equipment loans and leases across various industries and was more than 3x oversubscribed, indicating strong investor demand. Over 20 prominent investors participated, reflecting confidence in Wingspire's portfolio quality, management expertise, and underwriting standards.
Wingspire Equipment Finance has achieved a significant milestone, surpassing $2 billion in funded transactions. Founded in 2017 as Liberty Commercial Finance, the company was acquired by Wingspire Capital in 2022 and rebranded. This achievement highlights their rapid growth and commitment to providing exceptional financial solutions.
Key points:
- Reached $1 billion in funded volume in 2021
- Specializes in serving private equity firms and their portfolio companies
- Offers customized equipment finance solutions
- Focuses on fostering long-term client success
Founder Eric Freeman attributes this success to the team's hard work and dedication to delivering forward-thinking and reliable equipment finance solutions for clients.
Blue Owl Capital, Chirisa Technology Parks (CTP), and PowerHouse Data Centers have announced a $5 billion joint venture to develop large-scale AI/HPC data centers. The first phase focuses on building 120MW of capacity for CoreWeave in 2025 and 2026 at CTP's 350-acre campus near Richmond, VA. This innovative partnership aims to rapidly deploy new AI/HPC capacity across the United States on a Built-to-Suit basis.
The joint venture plans further expansions in New Jersey, Pennsylvania, Texas, Kentucky, and Nevada. This collaboration brings together Blue Owl's financial expertise, CTP's development capabilities, and PowerHouse's real estate leadership to meet the growing demand for hyperscale infrastructure in the AI landscape.