Blue Owl Capital Inc Stock Price, News & Analysis

Blue Owl Capital (NYSE: OWL) announced the hiring of Madeleine Sinclair as Managing Director and Head of North American Distribution, effective January 3, 2022. Sinclair, with over 19 years of experience at BlackRock, will lead the expansion of the company's private wealth management business across the U.S. and Canada. This move comes as Blue Owl experiences rapid investor demand for its products, currently managing $82.9 billion in assets as of September 30, 2021. The firm aims to multiply its $6 billion in capital commitments from private wealth clients.

Blue Owl Capital has finalized its acquisition of Oak Street Real Estate Capital, enhancing its investment advisory business. This strategic acquisition, initially announced in October 2021, adds Oak Street's $12.4 billion in assets under management to Blue Owl's portfolio, which totals approximately $70.5 billion. Oak Street will operate as a division of Blue Owl, led by Marc Zahr, who joins Blue Owl's Board of Directors. This move aims to expand Blue Owl's investment solutions and leverage Oak Street's expertise in net lease structuring.

Blue Owl Capital (NYSE: OWL) announced the acquisition of Ascentium Group Limited to enhance its presence in Asia, specifically Hong Kong. This follows the opening of a Singapore office, signifying a strategic expansion in the Asia-Pacific region. Ascentium's CEO, James Lee, will lead Blue Owl's institutional sales team in Asia. The acquisition is expected to facilitate growth in GP stakes, direct lending, and real estate solutions. As of September 30, 2021, Blue Owl managed approximately $70.5 billion in assets and operates nine offices globally.

Blue Owl Capital announced the pricing of a secondary offering of 26,717,377 shares of its Class A common stock at $14.50 each, expected to close on December 9, 2021. The offering is conducted by NBSH Blue Investments II, LLC, which will receive all proceeds. Blue Owl will not sell any shares or receive any proceeds from the offering. The underwriters have a 25-day option to buy an additional 4,007,606 shares. Major financial institutions are involved as joint bookrunning managers, with a registration statement filed with the SEC for transparency.

Blue Owl Capital (NYSE: OWL) announced a secondary offering of 26,717,377 shares of Class A common stock, entirely from the Selling Stockholder, NBSH Blue Investments II, LLC. The company will not receive any proceeds from this offering. Goldman Sachs, BofA Securities, and J.P. Morgan are the joint bookrunning managers for this transaction. The shares will be sold under a previously filed registration statement with the SEC. Blue Owl Capital manages approximately $70.5 billion in assets and offers unique capital solutions in the alternative asset management sector.

Owl Rock, a division of Blue Owl Capital (NYSE: OWL), has appointed Victor Woolridge to the boards of its business development companies, including Owl Rock Capital Corporation (NYSE: ORCC). This appointment increases the board size for five BDCs to seven directors and for two BDCs to eight directors, with a majority being independent members. Woolridge, who has extensive experience in capital markets, will serve on key committees including the Nominating and Corporate Governance and Audit Committees for all boards. Owl Rock manages approximately $34.6 billion in assets.

Blue Owl Capital Inc. reported a GAAP net loss of $53.3 million for Q3 2021, equating to $0.16 per share. Distributable Earnings reached $142.8 million, or $0.11 per Adjusted Share. The company’s assets under management exceeded $70 billion, a 13% increase from the previous quarter, driven by record gross originations of $8.8 billion. Blue Owl declared a quarterly dividend of $0.09 per share, payable on November 30, 2021.

Blue Owl Capital Inc. (NYSE: OWL) will release its third-quarter financial results on November 9, 2021, before market open. A conference call will follow at 8:30 a.m. Eastern Time to discuss the results, which investors can access via their website or by dialing in. As of June 30, 2021, Blue Owl managed approximately $62.4 billion in assets. The firm is focusing on alternative asset management through Direct Lending and GP Capital Solutions.

On October 18, 2021, Blue Owl Capital announced a definitive merger agreement to acquire Oak Street Real Estate Capital for $950 million. The transaction is expected to close in Q4 2021, pending customary conditions. The purchase will be funded with cash and common units, with potential earnouts of up to $650 million based on performance. This acquisition is projected to enhance Distributable Earnings per Share by 5-7% starting in 2022. Oak Street manages $10.8 billion in assets, focusing on flexible real estate solutions.