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Blue Owl Capital Inc. (NYSE: OWL) is a leading global alternative asset manager that specializes in deploying private capital across three key platforms: Credit, GP Strategic Capital, and Real Estate. As of December 31, 2023, Blue Owl manages over $165 billion in assets, showcasing a robust growth trajectory. Anchored by a solid permanent capital base, the firm offers tailored capital solutions to businesses driving long-term growth.
Blue Owl operates through two principal entities: Blue Owl Capital Holdings LP and Blue Owl Capital Carry LP. The firm caters to a diverse investor base, including institutional investors such as public and private pension funds, endowments, foundations, family offices, private banks, high-net-worth individuals, asset managers, and insurance companies. Its operations are predominantly based in the United States, generating substantial revenue from these activities.
The company's seasoned management team, with over 25 years of experience in alternative investments, leads a workforce of more than 685 professionals across 10 global offices. This expertise is reflected in Blue Owl's strategic acquisitions and partnerships, such as the recent acquisition of Prima Capital Advisors for $170 million, expanding its Real Estate Finance strategy. Furthermore, the addition of industry veteran Jesse Hom as Chief Investment Officer for Blue Owl's Real Estate platform underscores the firm's commitment to exceptional leadership and strategic growth.
Blue Owl's innovative approach is evident in its GP Strategic Capital platform, which recently partnered with Lunate Capital to provide minority equity and financing solutions to private capital managers. This initiative supports the ongoing growth of Linden Capital Partners' healthcare investment platform, further diversifying Blue Owl's portfolio.
The firm continuously seeks to enhance its offerings, as demonstrated by the recent issuance of $750 million of 6.250% Senior Notes due 2034 to fund strategic acquisitions and growth initiatives. This financial strategy underscores Blue Owl’s commitment to maintaining a strong capital base while pursuing sustainable growth.
In summary, Blue Owl Capital Inc. stands out as a premier asset manager, offering innovative capital solutions and delivering strong, risk-adjusted returns to its institutional and individual investors. With its global presence, seasoned leadership, and diversified investment strategies, Blue Owl is well-positioned to continue redefining alternative asset management.
For more information, visit www.blueowl.com.
Newmark Group (NMRK) has arranged a significant $2.3 billion construction financing for a major data center project in Abilene, Texas. The facility, a 206 megawatt (MW) Build-to-Suit development, is being developed on behalf of Blue Owl Capital, Crusoe Energy Systems, and Primary Digital Infrastructure.
The project, which broke ground in 2024, is leased to a leading technology company and will feature 300 MW of on-site self-generation capacity. JP Morgan provided the loan, which was secured by Newmark's debt and structured finance team. Initial capacity is expected to be delivered in early 2025.
According to Newmark Research, the data center industry is experiencing rapid growth driven by hyperscalers, AI and HPC users, and large enterprises, with construction pipelines reaching new records last year.
Blue Owl Capital (NYSE: OBDC) has announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2024 on Wednesday, February 19, 2025, after market close. The company will host a webcast and conference call on Thursday, February 20, 2025, at 10:00 a.m. Eastern Time to discuss these results.
The conference call will be accessible via webcast on OBDC's website and through dial-in numbers for both domestic (877-737-7048) and international (+1-201-689-8523) participants. A replay will be available through the website for one year and via dial-in for 14 days using access code 13750520.
Blue Owl Capital (NYSE: OWL) has announced that co-CEO Doug Ostrover will present at the Bank of America 2025 Financial Services Conference on Tuesday, February 11, 2025, at 11:20 am ET.
The presentation will be accessible through a live webcast on the Shareholders section of Blue Owl's website at ir.blueowl.com. For those who cannot attend the live presentation, a replay will be made available shortly after the event.
KBRA has assigned a BBB+ rating with a Stable outlook to Blue Owl Credit Income Corp.'s $400 million senior unsecured notes due September 2029, which adds to an existing $500 million note issuance. The rating reflects the company's connection to the $128.4 billion Blue Owl Credit platform and its diversified $28.4 billion investment portfolio across 349 companies, focusing on senior secured first lien loans (89.4%) to upper middle market companies.
The company maintains solid financial metrics with a debt-to-equity ratio of 0.90x and asset coverage ratio of 207%. Liquidity stands at $1.6 billion in bank credit availability and $540 million in unrestricted cash. The portfolio shows strong credit quality with no non-accruals, and 97.8% of investments rated at top performance levels. As a continuously offered perpetual BDC, the company raised $1.5 billion of equity in Q3 2024 and has raised approximately $13.9 billion since inception.
Blue Owl Capital (NYSE: OBDC) has released preliminary Q4 2024 financial results and announced the completion of its merger with Blue Owl Capital III (OBDE) on January 13, 2025. The combined entity shows strong financial metrics with total assets of $18.3 billion and total net assets of $7.8 billion.
Key Q4 2024 metrics for OBDC include total investment income per share of $1.01, net investment income per share of $0.47, and a return on equity of 12.3%. The pro forma portfolio consists of 236 portfolio companies with a focus on first lien senior secured debt investments (77.9%). The portfolio shows strong diversification across industries, with internet software and services (11.1%), insurance (8.3%), and food and beverage (6.8%) being the top sectors.
The merger is expected to enhance liquidity, achieve lower financing costs, and generate operational efficiencies. The combined entity maintains a healthy portfolio quality with only 0.3% of investments on non-accrual status.
KBRA has assigned a BBB rating with a Stable outlook to Blue Owl Technology Finance Corp.'s (OTF) $650 million senior unsecured notes due March 2028. OTF operates within the $128.4 billion Blue Owl Credit platform and maintains a $6.4 billion diversified investment portfolio, primarily consisting of first lien senior secured loans (69.6%) in technology-focused companies.
The company's portfolio includes traditional financing (75.1%) with weighted average EBITDA of $201 million, and growth capital (23.9%) with average annual revenue of $724 million. Key sector exposures include Systems Software (23.9%), Health Care Technology (16.0%), and Application Software (14.0%). The company maintains solid financial metrics with gross and net leverage of 0.84x and 0.78x respectively, and 218% asset coverage.
OTF has announced a merger with Blue Owl Technology Finance Corp. II, expected to close in 2Q25, creating a combined entity with approximately $15.8 billion in total assets at fair value.
Trillium Flow Technologies, a portfolio company of First Reserve specializing in engineered valves and pumps for critical infrastructure, has completed its refinancing in December 2024. The new credit facility, led by Blue Owl Capital Inc., provides extended maturity, enhanced liquidity, improved terms, and increased flexibility for M&A activities.
The refinancing supports Trillium's organic growth strategy, focusing on innovation and operational excellence. JP Morgan and BDTMSD continue their commitment as lending partners. The company serves important sectors including nuclear power, water, wastewater, and industrial processing, positioning itself as a leading player in the flow control industry.
Blue Owl Capital (NYSE: OBDC) has completed its merger with Blue Owl Capital III (OBDE), creating the second largest publicly traded BDC by total assets. The combined entity, operating as OBDC, now manages $18.6 billion in total assets and investments across 232 portfolio companies as of September 30, 2024.
In the merger transaction, OBDE shareholders received 0.9779 shares of OBDC common stock for each OBDE share, plus cash for fractional shares. The post-merger ownership structure comprises approximately 76% legacy OBDC shareholders and 24% former OBDE shareholders. Blue Owl Credit Advisors , OBDC's adviser, has committed to reimburse $4.25 million in merger-related fees and expenses.
Blue Owl Capital (NYSE: OWL) has announced an expansion of its tennis sponsorship program to cover all Grand Slam tournaments in 2025, becoming the exclusive financial services partner for the Player Patch Program. The company's logo will appear on select players' shirts across all competition categories at the Australian Open, French Open, Wimbledon, and US Open.
The firm has named Australian tennis professional Jordan Thompson as their Athlete Ambassador for the 2025 Australian Open. Thompson, who won the men's doubles at the 2024 US Open wearing a Blue Owl patch and was a Wimbledon doubles finalist in 2024, will be among several competitors featuring the company's logo.
As part of the sponsorship, Blue Owl will enhance its brand visibility through presence in Melbourne transit hubs, social media, and digital media during the Australian Open, targeting increased brand awareness in the APAC market.
Blue Owl Capital (OBDC) and Blue Owl Capital III (OBDE) have secured shareholder approval for their proposed merger, with overwhelming support receiving over 97% and nearly 100% of votes in favor, respectively. The merger is expected to close around January 13, 2025, pending customary closing conditions.
CEO Craig W. Packer emphasized that this merger will create a more diversified BDC with enhanced scale and strong credit quality. Prior to the merger completion, OBDE will distribute a special dividend of $0.52 per share on January 9, 2025, and a quarterly dividend of $0.35 per share on January 10, 2025, to shareholders of record as of December 31, 2024. The special dividend covers OBDE's estimated remaining undistributed taxable income at merger closing.
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