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 has priced its offering of $350 million in 4.125% Senior Notes due 2051. The notes, guaranteed by various subsidiaries, will be sold to qualified institutional buyers and non-U.S. persons. Proceeds will be used for general corporate purposes, including potential strategic acquisitions. The notes will not be registered under the Securities Act, hence cannot be sold in the U.S. without proper registration. As of June 30, 2021, Blue Owl managed approximately $62.4 billion in assets.
Blue Owl Capital has announced its intention to offer 30-year senior unsecured notes through its subsidiary, Blue Owl Finance LLC. These notes are set to be guaranteed by various affiliated entities and will be offered to qualified institutional buyers and non-U.S. persons. The proceeds will be used for corporate purposes, including strategic acquisitions and growth initiatives. As of June 30, 2021, Blue Owl managed approximately $62.4 billion in assets. This announcement highlights the company's efforts to bolster its financial position in the alternative asset management sector.
Blue Owl Capital (NYSE:OWL) reported a net loss of $(397.2 million for Q2 2021, translating to $(1.21 per basic share. Adjusted Distributable Earnings were $108.4 million ($0.09 per share), and Adjusted Fee-related Earnings reached $130.1 million ($0.10 per share). The firm’s assets under management increased by 8% to $62.4 billion. A quarterly dividend of $0.04 per Class A Share was declared, payable on September 8, 2021. Blue Owl highlighted strong capital deployment, with a record $5.1 billion in Direct Lending.
Blue Owl Capital (NYSE: OWL) announced that Co-President Michael Rees will present at the UBS Financial Services Virtual Conference on August 10, 2021, at 10:00 am ET. The presentation will be available via live webcast on Blue Owl's website. As of March 31, 2021, Blue Owl managed approximately $52.5 billion in assets, providing investment solutions in direct lending and GP capital. The firm operates globally with around 250 employees and focuses on alternative asset management strategies.
Owl Rock Capital Corporation (NYSE: ORCC) reported a net investment income of $119.1 million, or $0.30 per share, for Q2 2021. Total investment income rose to $249.0 million, driven by growth in the portfolio and increased dividend income. New investment commitments reached $1,578.1 million across 16 new companies. The net asset value per share increased to $14.90 from $14.82 in Q1 2021. A quarterly dividend of $0.31 per share was declared for Q3 2021, payable by November 15, 2021.
Blue Owl Capital Inc. (NYSE: OWL) will release its financial results for Q2 2021 on August 10, 2021, before market open. A conference call to discuss results will occur on the same day at 8:30 a.m. ET. The call can be accessed via the investor section of Blue Owl's website or by phone. The firm manages approximately $52.5 billion in assets and specializes in direct lending and GP capital solutions, aiming to provide diverse capital strategies to the private market ecosystem.
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.