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 reported strong first-quarter results for 2022, with assets under management rising 76% year-over-year to $102 billion. The firm's retail fundraising saw a 172% increase, totaling $2.2 billion. Management fees increased by 51%, reflecting demand for its income-oriented strategies despite market volatility. A quarterly dividend of $0.10 per Class A Share was declared, payable on May 27, 2022. CEO Doug Ostrover emphasized growth potential in Direct Lending, GP Capital Solutions, and Real Estate.
Blue Owl Capital Inc. (NYSE: OWL) has launched Owl Rock Technology Income Corporation (ORTIC), a non-traded business development company (BDC), breaking escrow with approximately $534 million in net equity proceeds. ORTIC aims to capitalize on Owl Rock's direct lending platform, managing around $39.2 billion in assets and targeting technology-related investments. With over $2 billion in committed capital, ORTIC seeks to offer individual investors access to high-quality tech investments previously reserved for large institutions. The fund emphasizes current income and capital appreciation.
Blue Owl Capital Inc. (NYSE: OWL) will release its financial results for Q1 2022 on May 5, 2022, before market open. A conference call will take place at 11:00 a.m. ET on May 5 to discuss these results, accessible through the Investor Resources section of their website. As of December 31, 2021, Blue Owl had $94.5 billion in assets under management. The firm specializes in alternative asset management and aims to support sustainable growth through private capital deployments.
Blue Owl Capital Inc. (NYSE: OWL) announced an upcoming Investor Day on May 20, 2022, starting at 8:30 am ET. The event will feature presentations from the senior management team, focusing on the company's long-term growth strategy, followed by a Q&A session. Interested participants can find registration details on the Investor Resources section of Blue Owl's website. As of December 31, 2021, Blue Owl manages $94.5 billion in assets and employs over 350 professionals across 9 global offices.
Blue Owl Capital (NYSE: OWL) has finalized its acquisition of Wellfleet Credit Partners from Littlejohn & Co. This strategic move, announced in February 2022, enhances Blue Owl's credit capabilities and expands its portfolio, which now includes Wellfleet's 16 CLOs managing over $6.5 billion in assets. The Wellfleet team will continue under the leadership of Scott McKay and Dennis Talley, further solidifying Blue Owl's position in the public markets.
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Blue Owl Capital (NYSE: OWL) has appointed Pak-Seng Lai as Managing Director and Head of Private Wealth Distribution in APAC, effective January 2022. Lai brings over two decades of experience and will drive the expansion of Blue Owl's private wealth business in the region, responding to the increasing demand from high-net-worth investors for alternative investments. The firm aims to grow its team in APAC to around 20 by the end of Q2 2022, following its acquisition of Hong Kong's Ascentium in December 2021. Blue Owl manages $94.5 billion in assets as of December 31, 2021.
Blue Owl Capital Inc. (NYSE: OWL) reported its fourth quarter 2021 financial results, showing a net income of $82 thousand and a net loss of $0.01 per diluted Class A Share. Distributable Earnings hit $159.2 million ($0.12 per Adjusted Share), while Fee-Related Earnings reached $165.3 million ($0.12 per Adjusted Share). Assets under management grew by 77% to $94.5 billion. A quarterly dividend of $0.10 per Class A Share was declared, payable on March 7, 2022.
Blue Owl Capital Inc. (NYSE: OWL) announced the acquisition of Wellfleet Credit Partners LLC from Littlejohn & Co. The deal, expected to close in March 2022, includes cash-funded upfront and earnout payments. Wellfleet, managing $6.5 billion in assets across 16 CLOs, will enhance Blue Owl's Owl Rock division with its unique expertise in the syndicated loan market. The acquisition will retain Wellfleet's leadership, strengthening Blue Owl's strategic capabilities in credit solutions.
Blue Owl Capital (NYSE: OWL) announced the pricing of a $400 million offering of 4.375% Senior Notes due 2032 by its subsidiary, Blue Owl Finance LLC. The notes will be fully guaranteed by several affiliated companies. The proceeds are intended for general corporate purposes, including potential strategic acquisitions and growth initiatives. The offering targets qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The notes will not be registered under the Securities Act, limiting their sale in the U.S.