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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.
Wingspire Equipment Finance has provided $10 million in equipment financing to a global agricultural manufacturing company to modernize its flagship Canadian facility. The funding, structured as a Capital Lease, will support the replacement of aging equipment with state-of-the-art technologies to enhance manufacturing capabilities and reduce downtime.
The recipient is a private equity-backed company specializing in high-precision components and parts for agricultural soil preparation, serving OEM and aftermarket channels across North America, Europe, and Latin America. The company also maintains a strong portfolio in agriculture, construction, and gardening tools.
Blue Owl Capital III (NYSE: OBDE) has declared a special dividend of $0.52 per share, payable by January 31, 2025, to shareholders of record as of December 31, 2024. The dividend payment timing is linked to the proposed merger with Blue Owl Capital (NYSE: OBDC), expected to close after the shareholder meetings scheduled for January 8, 2025. The special dividend represents OBDE's estimated remaining undistributed taxable income at merger closing and includes any unpaid special dividends previously declared during OBDE's January 2024 listing.
Splitero has secured a significant capital commitment of up to $350 million from Blue Owl Capital managed funds for Home Equity Investments. The fintech company also announced its expansion into Tennessee and Virginia, broadening its home equity solutions reach.
The strategic investment will enable Splitero to help more homeowners access their home equity during a period of rising consumer debt and living costs. According to ICE Mortgage Monitor, U.S. homeowners currently hold $11.5 trillion of accessible home equity. Splitero's business model provides homeowners with immediate cash in exchange for a share of their home's future value, without requiring monthly payments or adding new debt.
Blue Owl Capital (NYSE: OWL) has announced that co-CEO Marc Lipschultz will present at the Goldman Sachs 2024 US Financial Services Conference on Wednesday, December 11, 2024 at 1:40 pm ET. The presentation will be available through a live webcast on the Shareholders section of Blue Owl's website. For those who cannot attend the live broadcast, a replay will be made available on the company's website following the event.
Blue Owl Technology Finance Corp. (OTF) and Blue Owl Technology Finance Corp. II (OTF II) have announced a definitive merger agreement, with OTF as the surviving company. The merger will create one of the largest BDCs and the largest software-focused BDC by total assets. The combined portfolio will have 77% first lien investments and 81% senior secured investments, with pro forma total assets of approximately $15.8 billion. Under the merger terms, OTF II shareholders will receive OTF common stock shares equal to their NAV, resulting in pro forma ownership of 45.3% for OTF shareholders and 54.7% for OTF II shareholders. The transaction is expected to close in Q2 2025.
KBRA has assigned a BBB+ rating with a Stable outlook to Blue Owl Capital 's (NYSE: OBDC) $400 million, 5.95% senior unsecured notes due 2029. The rating reflects OBDC's connection to the $128.4 billion Blue Owl Credit platform and its strong position in the private credit market. The company maintains a $13.4 billion investment portfolio across 219 companies, focusing on senior secured first lien loans. Key strengths include solid liquidity with $1.3 billion in available credit lines, $427 million in unrestricted cash, and a diverse funding profile. OBDC plans to merge with Blue Owl Capital III (OBDE) in Q1 2025, potentially becoming the second-largest publicly traded BDC with approximately $17.7 billion in investments.
Wingspire Equipment Finance has provided a $35 million equipment financing deal to a sponsor-backed medical technology company focused on sterile liquid medicines and vaccines. The financing will fund custom Blow-Fill-Seal (BFS) machines to enhance production capacity. The client company recently achieved significant innovations in prefilled injection devices, reducing costs by nearly 50%. The new BFS machines will improve unit production output, consolidate operations, reduce carbon footprint, and lower transportation costs. The capital lease structure was chosen over equity investment as a more cost-effective solution.
Blue Owl Capital (NYSE: OBDC) reported third quarter 2024 financial results with net investment income of $0.47 per share, exceeding the regular dividend of $0.37 by 27%. The company declared total dividends of $0.42 per share, including a $0.05 supplemental dividend, representing an 11.0% annualized yield based on NAV. Net Asset Value per share was $15.28, compared to $15.36 in June 2024.
The company reported $1.2 billion in originations and $1.1 billion in sales/repayments. Portfolio quality improved with non-accrual investments decreasing to 0.7% from 1.4%. Investment income increased to $406.0 million, while total expenses rose to $217.6 million. The company maintains $481.3 million in cash and restricted cash with $1.6 billion undrawn capacity on credit facilities.
Blue Owl Capital III (NYSE: OBDE) reported its Q3 2024 financial results with net investment income of $0.41 per share, maintaining the previous quarter's performance and exceeding the regular dividend of $0.35 by 17%. The company's NAV per share was $15.49, slightly down from $15.56 in Q2. Q3 originations were $575.1 million, with $649.1 million in sales and repayments. The portfolio showed strong credit quality with non-accrual investments decreasing to 0.2% of debt portfolio fair value.
The company announced a merger agreement with Blue Owl Capital (NYSE: OBDC), expected to close after special meetings scheduled for January 8, 2025. The Board declared a Q4 2024 dividend of $0.35 per share and confirmed the third special dividend of $0.06 per share.
Blue Owl Capital (NYSE:OWL) reported strong Q3 2024 results with over 25% management fee growth and 30% revenue growth year-over-year. The company achieved its second-highest quarterly fundraising, demonstrating robust organic trends across its business. Blue Owl announced an agreement to acquire IPI's business, expanding its presence in digital infrastructure. The company declared a quarterly dividend of $0.18 per Class A Share, payable on November 22, 2024, to shareholders of record as of November 11, 2024.
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