Blue Owl Capital Inc Stock Price, News & Analysis

Blue Owl Capital (NYSE: OBDC) has announced the schedule for its third quarter 2024 financial results release and earnings call. The company will release its financial results for the quarter ended September 30, 2024, on Wednesday, November 6, 2024 after market close. A webcast and conference call to discuss these results will be held on Thursday, November 7, 2024, at 10:00 a.m. Eastern Time.

Interested parties can access the conference call via the Events section of OBDC's website or by dialing in. Domestic callers should use (877) 737-7048, while international callers can dial +1 (201) 689-8523. Participants are advised to dial in 10-15 minutes early. An archived replay will be available on the company's website for one year and via dial-in for 14 days after the call.

Blue Owl Capital Inc. (NYSE: OWL), a leading alternative asset manager, has completed its acquisition of Atalaya Capital Management LP's business. The acquisition, initially announced in July 2024, significantly expands Blue Owl's alternative credit presence and enhances its market-leading position in direct lending. Atalaya, an alternative credit manager, focuses on asset-based credit investments across consumer and commercial finance, corporate and real estate assets. As of June 30, 2024, Atalaya managed over $10 billion in assets under management. Ivan Zinn, Atalaya's Founding Partner and Chief Investment Officer, has been appointed as Blue Owl's Head of Alternative Credit, reporting to Craig Packer, Head of Credit and Co-President of Blue Owl.

Blue Owl Capital (NYSE: OWL) has launched The Nest by Blue Owl, a digital platform designed to simplify alternative investing for financial advisors and their clients. The platform offers three main pillars: Learn, Implement, and Engage. It provides resources including on-demand CE-accredited webinars, educational content, portfolio construction tools, and implementation guides.

The Learn section focuses on understanding private markets fundamentals, while Implement offers resources for portfolio integration. The Engage pillar provides market insights and opportunities to interact with Blue Owl experts. This initiative aims to address the lack of advisor-focused educational opportunities in private markets, which has been a barrier to broader adoption of alternatives in the private wealth channel.

Wingspire Equipment Finance has successfully completed its inaugural asset-backed securitization (ABS), WEF 2024-1, raising $201 million. This marks the first large-ticket equipment ABS to receive ratings from a major rating agency for an inaugural issuance. The transaction included five classes of notes, with the top classes receiving F1+/K1+ and AAA ratings from Fitch Ratings and Kroll Bond Rating Agency. The ABS was backed by a diverse portfolio of equipment loans and leases across various industries and was more than 3x oversubscribed, indicating strong investor demand. Over 20 prominent investors participated, reflecting confidence in Wingspire's portfolio quality, management expertise, and underwriting standards.

Wingspire Equipment Finance has achieved a significant milestone, surpassing $2 billion in funded transactions. Founded in 2017 as Liberty Commercial Finance, the company was acquired by Wingspire Capital in 2022 and rebranded. This achievement highlights their rapid growth and commitment to providing exceptional financial solutions.

Key points:

• Reached $1 billion in funded volume in 2021
• Specializes in serving private equity firms and their portfolio companies
• Offers customized equipment finance solutions
• Focuses on fostering long-term client success

Founder Eric Freeman attributes this success to the team's hard work and dedication to delivering forward-thinking and reliable equipment finance solutions for clients.

Blue Owl Capital, Chirisa Technology Parks (CTP), and PowerHouse Data Centers have announced a $5 billion joint venture to develop large-scale AI/HPC data centers. The first phase focuses on building 120MW of capacity for CoreWeave in 2025 and 2026 at CTP's 350-acre campus near Richmond, VA. This innovative partnership aims to rapidly deploy new AI/HPC capacity across the United States on a Built-to-Suit basis.

The joint venture plans further expansions in New Jersey, Pennsylvania, Texas, Kentucky, and Nevada. This collaboration brings together Blue Owl's financial expertise, CTP's development capabilities, and PowerHouse's real estate leadership to meet the growing demand for hyperscale infrastructure in the AI landscape.

The Dot Group, a leader in global student living, has announced a strategic financing relationship with Blue Owl's GP Strategic Capital platform. This partnership provides Dot with access to institutional capital and support for growth initiatives, focusing on Global Student Accommodation (GSA) and Yugo, Dot's student housing operator. The collaboration aligns with Dot's investment horizon and strategic goals, aiming to accelerate business development plans and capitalize on global opportunities.

Nick Porter, CEO of The Dot Group, expressed pride in the relationship, highlighting Dot's strong market position and the robust demand in the student sector. Michael Rees, Co-President of Blue Owl, affirmed their belief in Dot's leadership in student housing real estate. This partnership underscores the growing demand for university education and the overall student experience globally, positioning Dot for continued growth and success in the student living sector.

Blue Owl Capital Inc. (NYSE: OWL), a leading alternative asset manager, has hired John Valtwies to lead its private wealth business in Australia. Valtwies, formerly a senior leader at PIMCO's Global Wealth Management team, brings over a decade of experience managing Australian private client relationships. His expertise spans family offices, private banks, and ultra-high-net-worth advisory groups.

Sean Connor, President & CEO of Global Private Wealth at Blue Owl, emphasized the company's commitment to scaling its global private wealth business through market-leading talent acquisition. Valtwies' appointment follows Blue Owl's recent hiring of Alicia Gregory, former Deputy CIO of Australia Future Fund, for its Institutional team, signaling the firm's strategic expansion in the Australian market.

Altamont Capital Partners has successfully closed its first continuation fund, extending its investment in Tacala , the leading Taco Bell franchisee with over 360 locations in the Southeastern US. The oversubscribed transaction was led by Blue Owl Strategic Equity and Pantheon, with participation from other investors and significant reinvestment from Altamont and Tacala management.

Since Altamont's initial investment in 2012, Tacala has grown from 160 to over 360 restaurants and more than quadrupled its earnings. In 2023, Altamont and Tacala management formed a sister company to operate as a franchisee within the 7 Brew drive-thru coffee system. The transaction provides liquidity for existing Altamont investors and capital for Tacala's growth objectives, including the rapid build-out of its 7 Brew business.