Blue Owl Capital Inc. operates as an asset manager. The company provides investors access to direct lending and GP capital solutions strategies through various vehicles. Its breadth of offerings and permanent capital base enables it to offer a holistic platform of capital solutions to participants throughout the private market ecosystem, including alternative asset managers and private middle market corporations. The company is based in New York, New York.
IPO Year: 2020
Exchange: NYSE
Website: blueowl.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/16/2025 | $28.00 | Hold → Buy | TD Cowen |
1/6/2025 | $25.00 → $24.75 | Buy → Neutral | Goldman |
9/12/2024 | $18.50 | Equal Weight | Wells Fargo |
8/2/2024 | $21.00 | Perform → Outperform | Oppenheimer |
7/8/2024 | $21.50 → $19.00 | Buy → Hold | TD Cowen |
6/10/2024 | $21.00 | Buy | Deutsche Bank |
4/2/2024 | $18.00 → $22.00 | Neutral → Buy | UBS |
1/4/2024 | $17.00 | Outperform | TD Cowen |
12/20/2023 | $18.00 | Overweight | Piper Sandler |
10/20/2023 | $15.00 → $14.00 | Buy → Neutral | UBS |
KBRA assigns a rating of BBB+ to Blue Owl Credit Income Corp.'s ("OCIC" or "the company") $400 million, 6.60% senior unsecured notes due September 15, 2029, which are an add-on to the $500 million 6.60% senior unsecured notes with original settlement date of May 14, 2024. The rating Outlook is Stable. The proceeds will be used for general corporate purposes and for repayment of existing indebtedness. Key Credit Considerations The rating reflects the company's ties to the sizeable $128.4 billion Blue Owl Credit platform where the company has SEC exemptive relief to co-invest with other funds managed by the Adviser and its affiliates, as well as the company's diversified $28.4 billion inv
NEW YORK, Jan. 16, 2025 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE:OBDC, Company", )) today announced preliminary financial results and provided a portfolio update for the fourth quarter ended December 31, 2024. The Company has elected to provide these results in connection with the closing of the merger with Blue Owl Capital Corporation III ("OBDE") on January 13, 2025. "OBDC's and OBDE's standalone fourth quarter performance reflects the consistent strength of our portfolios and positive momentum heading into 2025," commented Craig W. Packer, Chief Executive Officer of OBDC. "The successful closing of the merger subsequent to quarter end further improves our ability to deliver att
KBRA assigns a rating of BBB to Blue Owl Technology Finance Corp. ("OTF" or "the company") $650 million, 6.100% senior unsecured notes due March 15, 2028. The rating Outlook is Stable. Key Credit Considerations OTF benefits from its ties to the $128.4 billion Blue Owl Credit platform, with approximately $27 billion deployed into the technology strategy across all funds since inception. The experienced management team that has decades of experience working in the private markets has built a high credit quality direct lending platform to finance mainly sponsor-backed portfolio companies in the upper middle market. OTF maintains a $6.4 billion diversified investment portfolio with a majo
STAMFORD, Conn., Jan. 13, 2025 /PRNewswire/ -- Trillium Flow Technologies ("Trillium"), a portfolio company of First Reserve, and a global designer, manufacturer, and aftermarket services provider of highly engineered valves and pumps used in critical infrastructure sectors such as nuclear power, water, wastewater, and industrial processing, is pleased to announce the successful completion of its refinancing in December 2024. The refinancing provides Trillium with extended maturity, enhanced liquidity, improved terms, and increased flexibility to support further M&A activity.
Creates the second largest publicly traded BDC by total assets NEW YORK, Jan. 13, 2025 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE:OBDC) today announced the closing of its merger with Blue Owl Capital Corporation III ("OBDE"), with OBDC as the surviving company. This merger now makes OBDC the second largest externally-managed, publicly traded BDC by total assets with $18.6 billion of total assets at fair value and investments in 232 portfolio companies, on a pro forma combined basis as of September 30, 2024. The combined company will operate as Blue Owl Capital Corporation and continue to trade under the ticker "OBDC" on the New York Stock Exchange. Craig W. Packer, Chief Executive O
NEW YORK, Jan. 8, 2025 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE:OBDC) and Blue Owl Capital Corporation III (NYSE:OBDE) today announced that each company obtained shareholder approval of all proposals related to the previously announced merger between the two companies at their respective shareholder meetings held today. Shareholders voted overwhelmingly in favor of the proposed transaction, with over 97% of OBDC votes cast and nearly 100% of OBDE votes cast, respectively, voting in favor of the proposals related to the merger. The transaction is expected to close on or around January 13, 2025, subject to the satisfaction of customary closing conditions. Craig W. Packer, Chief Exec
NEW YORK, Jan. 8, 2025 /PRNewswire/ -- Blue Owl Capital Inc. (NYSE:OWL) ("Blue Owl") today announced that it will host an Investor Day on Friday, February 7, 2025. The Investor Day will include a series of presentations by the company's senior management team, which will provide insight into Blue Owl's long-term growth strategy. Presentations will begin at 8:30 am ET followed by a Q&A session. Registration details can be found on the Shareholders section of Blue Owl's website at www.blueowl.com. About Blue Owl Capital Inc. Blue Owl (NYSE:OWL) is a leading asset manager that is redefining alternatives. With $235 billion in assets under management as of September 30, 2024, we invest across th
NEW YORK, Jan. 7, 2025 /PRNewswire/ -- Blue Owl Capital Inc. (NYSE:OWL) ("Blue Owl") today announced it will release its financial results for the fourth quarter ended December 31, 2024 on Thursday, February 6, 2025 before market open. Blue Owl invites all interested persons to its webcast / conference call at 8:30 a.m. Eastern Time to discuss its results. Conference Call Information: The conference call will be broadcast live on the Shareholders section of Blue Owl's website at www.blueowl.com. Participants are also invited to access the conference call by dialing one of the following numbers: Domestic (Toll Free): +1 (888) 330-2454 International: +1 (240) 789-2714 Conference ID: 4153114 A
Yoichi brings over two decades of experience covering securities companies and scaling the wealth businesses for global asset managers within the Japanese market NEW YORK and TOKYO, Jan. 6, 2025 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE:OWL), a leading alternative asset manager, announced today the hiring of Yoichi Nakamura as a Managing Director and Head of Japan Private Wealth. Yoichi will be based in Blue Owl's Tokyo office, reporting to Johann Santer, Managing Director and Head of APAC Private Wealth. The appointment of Yoichi adds a veteran senior leader with deep relationships across Japanese securities companies and brings an executive with a track-record of scaling th
NEW YORK, Jan. 6, 2025 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE:OWL), a leading alternative asset manager, announced today the completion of its previously announced acquisition of the business of digital infrastructure fund manager IPI Partners, LLC ("IPI"). As of September 30, 2024, IPI had over $11 billion of assets under management. IPI's Managing Partner, Matt A'Hearn has been appointed Head of Blue Owl's digital infrastructure strategy and will report to Blue Owl Co-President and Head of Real Estate Marc Zahr. The completion of the acquisition of IPI's business further enhances Blue Owl's digital infrastructure strategy as part of the firm's Real Estate platform. About
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TD Cowen upgraded Blue Owl Capital from Hold to Buy and set a new price target of $28.00
Goldman downgraded Blue Owl Capital from Buy to Neutral and set a new price target of $24.75 from $25.00 previously
Wells Fargo initiated coverage of Blue Owl Capital with a rating of Equal Weight and set a new price target of $18.50
Oppenheimer upgraded Blue Owl Capital from Perform to Outperform and set a new price target of $21.00
TD Cowen downgraded Blue Owl Capital from Buy to Hold and set a new price target of $19.00 from $21.50 previously
Deutsche Bank resumed coverage of Blue Owl Capital with a rating of Buy and set a new price target of $21.00
UBS upgraded Blue Owl Capital from Neutral to Buy and set a new price target of $22.00 from $18.00 previously
TD Cowen initiated coverage of Blue Owl Capital with a rating of Outperform and set a new price target of $17.00
Piper Sandler resumed coverage of Blue Owl Capital with a rating of Overweight and set a new price target of $18.00
UBS downgraded Blue Owl Capital from Buy to Neutral and set a new price target of $14.00 from $15.00 previously
Yoichi brings over two decades of experience covering securities companies and scaling the wealth businesses for global asset managers within the Japanese market NEW YORK and TOKYO, Jan. 6, 2025 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE:OWL), a leading alternative asset manager, announced today the hiring of Yoichi Nakamura as a Managing Director and Head of Japan Private Wealth. Yoichi will be based in Blue Owl's Tokyo office, reporting to Johann Santer, Managing Director and Head of APAC Private Wealth. The appointment of Yoichi adds a veteran senior leader with deep relationships across Japanese securities companies and brings an executive with a track-record of scaling th
Upstart (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, today announced a programmatic purchase commitment from funds managed by Blue Owl Capital Inc. ("Blue Owl"). Blue Owl's Alternative Credit strategy will purchase up to $2 billion of consumer loans on the Upstart platform over 18 months. The transaction includes an initial acquisition of a $290 million personal loan portfolio, which closed in September. "We are excited to support Upstart's efforts to make the consumer lending process dramatically more efficient for both borrowers and lenders," said David Aidi, Co-Head of Financial Assets, Blue Owl Alternative Credit. "We are also proud to leverage the Blue
Established alternative credit management business with an 18-year track record will add over $10 billion in assets under management.NEW YORK, July 16, 2024 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE:OWL), a leading alternative asset manager, announced today it has entered into a definitive agreement to acquire the business of alternative credit manager Atalaya Capital Management LP ("Atalaya") for $450 million. The acquisition is expected to close in the second half of 2024, subject to customary closing conditions, and is expected to be modestly accretive to Blue Owl in 2025. Atalaya focuses primarily on asset-based credit investments across consumer and commercial finance, c
Haitham will focus on scaling Blue Owl's investment and operations teams across key Middle Eastern markets including Abu Dhabi and Dubai NEW YORK, May 14, 2024 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE:OWL), a leading alternative asset manager, announced today the hiring of Haitham Abdulkarim to oversee the company's institutional business in the Middle East. His initial focus will be on scaling Blue Owl's Abu Dhabi and Dubai offices, the former which will serve as the company's flagship office in the region. The hire is part of a strategic push by Blue Owl as the company seeks to enhance and deepen the firm's coverage of key regional family offices, pension, and sovereign we
• Alicia to join as a Managing Director within Blue Owl's Institutional team based in Sydney NEW YORK, April 23, 2024 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE:OWL), a leading alternative asset manager, announced today the hiring of Alicia Gregory as a Managing Director based in Sydney. Alicia brings over 25 years of investing experience with deep relationships and expertise across the Australian asset management industry. She most recently served as Deputy Chief Investment Officer for Future Fund, Australia's sovereign wealth fund that manages $250 billion in assets. In this role, Alicia oversaw all asset classes, both listed and private assets, and served on the fund's I
GIC's Jesse Hom to join Blue Owl as Head of Real Estate FinanceNEW YORK, April 9, 2024 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE:OWL), a leading alternative asset manager, announced today the creation of Blue Owl's Real Estate Finance strategy with the acquisition of Prima Capital Advisors ("Prima") for the aggregate consideration of $170 million. Prima manages approximately $10 billion in assets on behalf of institutional investors and select high net worth individuals. The acquisition is expected to close in the second or third quarter of 2024, subject to customary closing conditions. Prima, founded in 1992 by Gregory White, is a real estate lender focused primarily on inve
Acquisition will add up to $20 billion in AUM for Blue Owl and support the launch of Blue Owl Insurance SolutionsBlue Owl also invested $250 million in Kuvare UK HoldingsNEW YORK, April 3, 2024 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE:OWL), a leading alternative asset manager, announced today it has entered into a definitive purchase agreement to acquire Kuvare Insurance Services LP (dba Kuvare Asset Management) ("KAM") for $750 million. KAM is a boutique investment management firm focused on providing asset management services to the insurance industry, including Kuvare UK Holdings ("Kuvare"). Blue Owl will fund the KAM acquisition through a combination of $325 million in ca
NEW YORK, Nov. 30, 2021 /PRNewswire/ -- Owl Rock, a division of Blue Owl Capital Inc. (NYSE:OWL), today announced the appointment of Victor Woolridge to the boards of directors for its business development companies ("BDCs"): Owl Rock Capital Corporation (NYSE: ORCC), Owl Rock Capital Corporation II, Owl Rock Capital Corporation III, Owl Rock Technology Finance Corp., Owl Rock Core Income Corp., Owl Rock Technology Income Corp. and Owl Rock Technology Finance Corp. II. Woolridge's appointment expands the Boards of five of the BDCs to seven directors and of two of the BDCs to eight directors, six of whom are independent in each case. He will be a member of the Nominating and Corporate Govern
NEW YORK, July 13, 2021 /PRNewswire/ -- Blue Owl (NYSE:OWL), a leading alternative investment manager, today announced the appointment of Ann Dai as Managing Director and Head of Blue Owl Investor Relations, effective immediately. Based in New York City, Dai will oversee Blue Owl's public company investor relations functions and will report to Alan Kirshenbaum, Chief Financial Officer, Blue Owl. Kirshenbaum said: "We are thrilled to welcome Ann to lead our Blue Owl investor relations efforts as we reinforce our differentiated value proposition and financial strength with the public investor community. Ann's extensive industry experience and reputation with analysts and investors will be a
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NEW YORK, Jan. 8, 2025 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE:OBDC) and Blue Owl Capital Corporation III (NYSE:OBDE) today announced that each company obtained shareholder approval of all proposals related to the previously announced merger between the two companies at their respective shareholder meetings held today. Shareholders voted overwhelmingly in favor of the proposed transaction, with over 97% of OBDC votes cast and nearly 100% of OBDE votes cast, respectively, voting in favor of the proposals related to the merger. The transaction is expected to close on or around January 13, 2025, subject to the satisfaction of customary closing conditions. Craig W. Packer, Chief Exec
NEW YORK, Jan. 7, 2025 /PRNewswire/ -- Blue Owl Capital Inc. (NYSE:OWL) ("Blue Owl") today announced it will release its financial results for the fourth quarter ended December 31, 2024 on Thursday, February 6, 2025 before market open. Blue Owl invites all interested persons to its webcast / conference call at 8:30 a.m. Eastern Time to discuss its results. Conference Call Information: The conference call will be broadcast live on the Shareholders section of Blue Owl's website at www.blueowl.com. Participants are also invited to access the conference call by dialing one of the following numbers: Domestic (Toll Free): +1 (888) 330-2454 International: +1 (240) 789-2714 Conference ID: 4153114 A
NEW YORK, Dec. 16, 2024 /PRNewswire/ -- Blue Owl Capital Corporation III (NYSE:OBDE) today announced that its Board of Directors has declared a special dividend of $0.52 per share. The special dividend will be payable in cash on or before January 31, 2025 to shareholders of record as of December 31, 2024. The special dividend will be payable no later than January 31, 2025, or earlier, if the proposed merger with Blue Owl Capital Corporation (NYSE:OBDC) closes before that date. The closing of the merger is expected to occur promptly after the vote at the shareholder meetings, currently scheduled for January 8, 2025, assuming that the transaction is approved by OBDE and OBDC shareholders. The
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
Merger of two high-quality, diversified software-focused portfolios with substantial investment overlap significantly enhances scale Expected to create one of the largest BDCs and the largest dedicated software-focused BDC by total assets1 NEW YORK, Nov. 13, 2024 /PRNewswire/ -- Blue Owl Technology Finance Corp. ("OTF") and Blue Owl Technology Finance Corp. II ("OTF II") today announced that they have entered into a definitive merger agreement, with OTF as the surviving company, subject to certain shareholder approvals and other customary closing conditions. Following the recommendation of each of their special committees, the boards of directors of both OTF and OTF II have unanimously appr
NEW YORK, Nov. 6, 2024 /PRNewswire/ -- Blue Owl Capital Corporation III (NYSE:OBDE, or the ", Company", )) today announced financial results for its third quarter ended September 30, 2024. THIRD QUARTER 2024 HIGHLIGHTS Third quarter net investment income ("NII") per share of $0.41, in-line with the prior quarter and exceeding the regular dividend of $0.35 per share by 17%As previously announced in January, the Board of Directors (the "Board") declared five special dividends of $0.06 per share; the third of which will be payable on or before December 13, 2024 to shareholders of record as of November 29, 202410.6%1 annualized dividend yield based on third quarter net asset value ("NAV") per s
NEW YORK, Nov. 6, 2024 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC, or the "Company") today announced financial results for its third quarter ended September 30, 2024. THIRD QUARTER 2024 HIGHLIGHTS Third quarter net investment income ("NII") per share of $0.47, exceeding the regular dividend of $0.37 per share by 27% and generating an ROE of 12.4%Based on OBDC's supplemental dividend framework, the Board of Directors (the "Board") declared a third quarter supplemental dividend of $0.05 per shareTotal dividends for the third quarter were $0.42 per share, representing an 11.0% annualized dividend yield based on third quarter net asset value ("NAV") per shareNAV per share of $15.2
NEW YORK, Oct. 31, 2024 /PRNewswire/ -- Blue Owl Capital Inc. (NYSE:OWL) ("Blue Owl") today reported its financial results for the third quarter ended September 30, 2024. "Blue Owl has continued to generate resilient and strong growth against a volatile market backdrop, with management fee growth of more than 25% and revenue growth of more than 30% year over year. The robust organic trends across our business reflect our durable permanent capital base and increasing investor interest in the strategies we manage, leading us to the second highest quarter of fundraising in Blue Owl's history." said Doug Ostrover and Marc Lipschultz, Co-CEOs of Blue Owl. "In addition, we recently announced our
Eldridge Industries today announced the acquisition of a 10% interest from Blue Owl GP Stakes Fund III. This innovative structure provides liquidity and unlocks value for Blue Owl GP Stakes Fund III investors while establishing Eldridge Industries as a leading provider of GP solutions. Terms of the transaction were not disclosed. Blue Owl GP Stakes Fund III is a passive minority investment vehicle that holds stakes in industry-leading private equity firms. The fund provides capital to help firms achieve their growth plans and other strategic goals. This transaction represents an innovative solution to providing liquidity to GP Stakes investors in permanent capital structures. "We are exci
NEW YORK, Oct. 10, 2024 /PRNewswire/ -- Blue Owl Capital Inc. (NYSE:OWL) ("Blue Owl") today announced it will release its financial results for the third quarter ended September 30, 2024 on Thursday, October 31, 2024 before market open. Blue Owl invites all interested persons to its webcast / conference call at 10 a.m. Eastern Time to discuss its results. Conference Call Information: The conference call will be broadcast live on the Shareholders section of Blue Owl's website at www.blueowl.com. Participants are also invited to access the conference call by dialing one of the following numbers: Domestic (Toll Free): +1 (888) 330-2454 International: +1 (240) 789-2714 Conference ID: 4153114 Al