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 Inc. (NYSE: OWL) announced the redemption results of all outstanding Public Warrants as of August 18, 2022. The redemption was triggered due to Class A Shares trading above $10.00 for 20 days within a specified period. Of 14,159,048 Warrants, only 14,553 were exercised for cash and 8,961,029 on a cashless basis, generating $171,185 in cash proceeds. Following this, all Public Warrants ceased trading and were delisted, while the Class A Shares continue to be traded under the symbol 'OWL.' As of June 30, 2022, Blue Owl has $119.1 billion in assets under management.
Blue Owl Capital reported strong second quarter 2022 results with assets under management reaching $119 billion, growing 91% year-over-year. The firm's stability contrasts with broader market volatility, indicating robust demand for its differentiated strategies. A quarterly dividend of $0.11 per Class A Share has been declared, payable on August 29, 2022. With a seasoned management team and over 450 employees globally, Blue Owl is well-positioned to capitalize on market opportunities.
On August 2, 2022, Owl Rock, a division of Blue Owl Capital (NYSE: OWL), announced its initial equity commitment to Amergin Asset Management, a new company investing in railcar and aviation leasing. This partnership will support Amergin's development of a diversified asset portfolio. Amergin is to be led by industry veteran Mark McGreenery, who previously held a CEO role at a major leasing firm. With a combined experience of over 100 years among its team, Amergin aims to achieve long-term returns through its leasing strategy.
On July 18, 2022, Blue Owl Capital (NYSE: OWL) announced the redemption of all outstanding public warrants for Class A common stock at a price of $0.10 per warrant. This decision follows the requirement that the Class A Shares' last sale price exceeded $10.00 prior to the notice. Warrant holders have until 5:00 p.m. NYC time on August 18, 2022, to exercise their warrants, either for cash at $11.50 each or through a 'cashless' option providing a fraction of Class A Shares. Unexercised warrants will be void after the Redemption Date.
Blue Owl Capital Inc. (NYSE: OWL) will release its financial results for Q2 2022 on August 4, 2022, before market open. A conference call will follow at 8:30 a.m. Eastern Time, where management will discuss the results. Investors can participate via the company's website or by dialing specified numbers. As of March 31, 2022, Blue Owl managed $102.0 billion in assets. The company emphasizes its strong permanent capital base and its various investment strategies across Direct Lending, GP Capital Solutions, and Real Estate.
Owl Rock Capital Corporation (NYSE: ORCC) will release its second quarter financial results for the period ending June 30, 2022, on August 3, 2022, after market closure. A conference call is scheduled for August 4, 2022, at 10:00 a.m. ET to discuss these results. As of March 31, 2022, ORCC had investments in 157 portfolio companies with a fair value of $12.8 billion. The company has opted to be regulated as a business development company under the Investment Company Act of 1940.
On June 28, 2022, Wingspire Capital announced its agreement to acquire Liberty Commercial Finance. This acquisition will enhance Wingspire's equipment finance solutions, expanding its reach in the middle market. Liberty has a proven track record, having originated over $1.3 billion in equipment financing since 2017, and will contribute a strong origination platform. The deal is expected to close on June 30, 2022. The integration aims to create a premier financing platform, aligning the company cultures of both organizations.
Blue Owl Capital (NYSE: OWL) has priced a secondary offering of 10,698,180 shares of its Class A common stock at $11.50 per share, totaling approximately $123 million. The offering, led by NBSH Blue Investments II, LLC, is set to close around June 6, 2022, pending customary conditions. Blue Owl will not receive any proceeds from this sale. Additionally, there's an option for underwriters to purchase up to 1,604,727 extra shares. The offering follows a registration statement filed with the SEC. Blue Owl manages $102 billion in assets as of March 31, 2022.
On June 1, 2022, Blue Owl Capital (NYSE: OWL) announced a secondary public offering of 10,698,180 shares of its Class A common stock. The shares are being offered by NBSH Blue Investments II, LLC, and the underwriters have a 30-day option for an additional 1,604,727 shares. The offering proceeds will not benefit Blue Owl Capital as it does not receive funds from the sale. BofA Securities and Citigroup are the joint bookrunning managers for this offering. Investors are advised to review the accompanying registration statement and prospectus available on the SEC website.
On May 20, 2022, Blue Owl Capital hosted its Investor Day, outlining its strategic direction aimed at achieving long-term financial targets. Senior management detailed plans for growth across Direct Lending, GP Capital Solutions, and Real Estate strategies. As of March 31, 2022, Blue Owl manages $102.0 billion in assets and focuses on providing private capital solutions. The event included a Q&A session, with material available for replay on the company's website.