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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 (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.
Blue Owl Capital Inc. (NYSE:OWL) announced plans to offer 10-year senior unsecured notes through its subsidiary, Blue Owl Finance LLC. The offering is subject to market conditions, with proceeds allocated for general corporate purposes, including strategic acquisitions and growth initiatives. The notes will be guaranteed by multiple Blue Owl entities and sold to qualified institutional buyers and non-U.S. persons. Notably, the notes have not been registered under U.S. securities laws, requiring specific exemptions for sale. As of September 30, 2021, Blue Owl manages $82.9 billion in assets.
Blue Owl Capital will announce its financial results for Q4 and the full year ending December 31, 2021, on February 17, 2022, before market open. A live conference call will occur at 8:30 a.m. ET on the same day, available on their website. Blue Owl manages $82.9 billion in assets as of September 30, 2021, highlighting a strong capital base in private equity. The company emphasizes the importance of upcoming results for stakeholders while mentioning forward-looking statements concerning risks and uncertainties in its operations.
Blue Owl Capital (NYSE: OWL) announced the hiring of Marc Pillemer as Managing Director, effective January 3, 2022. Pillemer, with extensive experience in alternative asset management, will join the firm's Dyal Capital division, focusing on acquiring minority stakes and providing financing to established asset managers. Previously at Blackstone's Strategic Capital Group, he led investment sourcing and negotiations. With $82.9 billion in assets under management, Blue Owl aims to expand Dyal's GP Solutions business to meet increasing demand for private market capital solutions.
Blue Owl Capital (NYSE: OWL) has announced its expansion into the Canadian market, offering direct lending capabilities to accredited Canadian investors. Through the Owl Rock Core Income Corp (ORCIC), which manages over $2.7 billion in assets, Canadian investors will access high-quality middle market lending solutions. ORCIC targets U.S. middle market firms with revenues between $50 million and $2.5 billion. This initiative marks Blue Owl as a leading U.S. private credit manager catering to Canadian investors, providing attractive current income and liquidity options.