Blue Owl Capital Inc Stock Price, News & Analysis

Owl Rock Capital Corporation (NYSE: ORCC) has appointed Jonathan Lamm as its new Chief Financial Officer and Chief Operating Officer, effective September 1, 2021. Lamm, previously CFO and Treasurer at Goldman Sachs BDC, Inc., brings extensive experience in finance and operations. Former CFO Alan Kirshenbaum will continue as Executive Vice President. This leadership change aims to strengthen ORCC's operational and financial framework as it manages an investment portfolio valued at $11.2 billion across 120 companies.

Blue Owl (NYSE: OWL) announced the final closing of the Owl Rock Opportunistic Fund with $2.0 billion in capital commitments. The fund aims to raise $2.5 billion in investable capital to offer bespoke capital solutions for private companies. This strategy is backed by global investors, including pension funds and asset managers. Co-heads Nicole Drapkin and Jesse Huff emphasized the fund's focus on unique investment opportunities, including rescue financings and recapitalizations, designed to cater to middle-market companies in complex situations.

Blue Owl (NYSE: OWL) has appointed Ann Dai as Managing Director and Head of Investor Relations, effective immediately. Based in New York City, Dai will manage the firm's investor relations and report to CFO Alan Kirshenbaum. Kirshenbaum highlighted Dai's extensive experience and anticipated contributions to enhancing the company's public image. Dai aims to promote Blue Owl's strong market position in Direct Lending and GP Capital Solutions, emphasizing the firm’s unique business model and growth potential. As of March 31, 2021, Blue Owl had approximately $52.5 billion in assets under management.

Owl Rock Capital Corporation (ORCC) will release its financial results for the second quarter ending June 30, 2021, on August 4, 2021, after market close. A webcast and conference call for investors is scheduled for August 5, 2021, at 10:00 a.m. Eastern Time. ORCC, a specialty finance company focused on U.S. middle-market lending, had investments valued at $11.2 billion as of March 31, 2021. The firm has approximately $27.8 billion in assets under management and is managed by Owl Rock Capital Advisors LLC.

Owl Rock Capital Corporation (NYSE: ORCC) has announced the pricing of a public offering of $450 million in 2.875% notes due June 11, 2028. The notes can be redeemed at ORCC's option at any time. The offering, managed by multiple securities firms, is expected to close on June 11, 2021. Proceeds will be used to reduce existing debt obligations, including a Revolving Credit Facility and an SPV Asset Facility. As of March 31, 2021, ORCC had investments valued at $11.2 billion in 120 companies.

Blue Owl Capital (NYSE: OWL) announced the pricing of $700 million in 3.125% Senior Notes due 2031 by its subsidiary, Blue Owl Finance LLC. The notes are guaranteed by various Blue Owl entities. Proceeds will be used to repay existing term loan borrowings and cover offering fees, with any remaining funds allocated for corporate purposes and potential strategic acquisitions. The offering complies with Rule 144A and Regulation S under the Securities Act, indicating it targets institutional buyers and non-U.S. persons. The company manages approximately $52.5 billion in assets.

Blue Owl Capital (NYSE:OWL) announced on June 3, 2021, that its subsidiary, Blue Owl Finance LLC, plans to offer senior notes, guaranteed by multiple affiliated entities. The proceeds will be utilized to repay existing term loans, cover offering expenses, and fund future acquisitions or growth initiatives. These notes will be offered to qualified institutional buyers and non-U.S. persons under SEC regulations. As of March 31, 2021, Blue Owl Capital managed approximately $52.5 billion in assets and employs around 245 staff across various global offices.

Owl Rock Capital and Dyal Capital Partners have completed their business combination to form Blue Owl Capital Inc., effective May 20, 2021. The transition has been approved by the boards of the affected business development companies (BDCs). Craig Packer, CEO, emphasized that the investment team's strategy and focus will remain unchanged, aiming for attractive returns for shareholders. The BDCs, including Owl Rock Capital Corporation (NYSE: ORCC), will continue to operate under the same advisory agreements. Blue Owl will begin trading under the ticker OWL.

Owl Rock Capital Group and Dyal Capital Partners have successfully completed their business combination, resulting in the formation of Blue Owl Capital Inc. (NYSE: OWL). Approved on May 18, 2021, this merger provides public investors access to direct lending and GP capital solutions. As of March 31, 2021, combined assets under management stand at $52.5 billion, with 91% in permanent capital. Led by a seasoned management team, Blue Owl aims to enhance earnings visibility and establish a robust position in the alternative asset management space.