Blue Owl Capital Inc. Second Quarter 2022 Results

Rhea-AI Summary

Blue Owl Capital reported strong second quarter 2022 results with assets under management reaching $119 billion, growing 91% year-over-year. The firm's stability contrasts with broader market volatility, indicating robust demand for its differentiated strategies. A quarterly dividend of $0.11 per Class A Share has been declared, payable on August 29, 2022. With a seasoned management team and over 450 employees globally, Blue Owl is well-positioned to capitalize on market opportunities.

Positive

• Assets under management increased by 91% year-over-year to $119 billion.
• Declared a quarterly dividend of $0.11 per Class A Share.

Negative

• None.

NEW YORK, Aug. 4, 2022 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE:OWL) today reported its financial results for the second quarter ended June 30, 2022.

"Blue Owl's strong second quarter results reflected the stability and resiliency of our financial profile, which compared favorably to the ongoing volatility and dislocation we saw in public equity and debt markets during the quarter. Assets under management grew 91% year over year to $119 billion, supported by our meaningful permanent capital base, reflecting robust demand for our differentiated strategies," said Doug Ostrover, CEO of Blue Owl. "We feel very well positioned for the current market environment and see significant opportunities to raise and deploy capital across the business."

Blue Owl issued its full detailed presentation of its second quarter ended June 30, 2022 results, which can be viewed through the Investor Resources section of Blue Owl's website at https://ir.blueowl.com/events-and-presentations.

Dividend

Blue Owl declared a quarterly dividend of $0.11 per Class A Share, payable on August 29, 2022, to shareholders of record at the close of business on August 22, 2022. 

Quarterly Investor Call Details

Blue Owl will host its second quarter 2022 investor call via public webcast on August 4, 2022 at 8:30 a.m. ET. To register, please visit the Investor Resources section of Blue Owl's website at https://ir.blueowl.com/events-and-presentations.  The conference call may be accessed by dialing (888) 330-2454 (U.S. callers) or +1 (240) 789-2714 (non-U.S. callers); conference ID 4153114. For those unable to listen to the live broadcast, there will be a webcast replay available on the Investor Resources section of Blue Owl's website.

About Blue Owl

Blue Owl is a global alternative asset manager with $119.1 billion of assets under management as of June 30, 2022. Anchored by a strong permanent capital base, the firm deploys private capital across Direct Lending, GP Capital Solutions and Real Estate strategies on behalf of Institutional and Private Wealth clients. Blue Owl's flexible, consultative approach helps position the firm as a partner of choice for businesses seeking capital solutions to support their sustained growth. The firm's management team is comprised of seasoned investment professionals with more than 30 years of experience building alternative investment businesses. Blue Owl employs over 450 people across 10 offices globally.

Forward Looking Statements

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "would," "should," "future," "propose," "target," "goal," "objective," "outlook" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor provisions available under applicable securities laws and speak only as of the date made. Blue Owl assumes no obligation to update or revise any such forward-looking statements except as required by law.

These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blue Owl's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, among others, that may affect actual results or outcomes include the inability to recognize the anticipated benefits of strategic acquisitions; costs related to acquisitions; the inability to maintain the listing of Blue Owl's shares on the New York Stock Exchange ("NYSE"); Blue Owl's ability to manage growth; Blue Owl's ability to execute its business plan and meet its projections; potential litigation involving Blue Owl; changes in applicable laws or regulations; the possibility that Blue Owl may be adversely affected by other economic, business, geo-political and competitive factors; and the impact of the continuing COVID-19 pandemic on Blue Owl's business.

Investor Contact

Ann Dai
Head of Investor Relations
blueowlir@blueowl.com

Media Contact

Prosek Partners
David Wells / Nick Theccanat
Pro-blueowl@prosek.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/blue-owl-capital-inc-second-quarter-2022-results-301599781.html

SOURCE Blue Owl Capital

FAQ

What were Blue Owl Capital's financial results for Q2 2022?

Blue Owl Capital reported assets under management of $119 billion, up 91% year-over-year.

When is the dividend payment for Blue Owl Capital due?

The dividend of $0.11 per Class A Share is payable on August 29, 2022.

What factors supported Blue Owl's asset growth in Q2 2022?

The growth was supported by a strong permanent capital base and robust demand for differentiated strategies.

What is the significance of Blue Owl's dividend declaration?

The declared dividend reflects Blue Owl's strong financial position and commitment to returning value to shareholders.

What challenges did Blue Owl face during the second quarter of 2022?

The firm faced ongoing volatility and dislocations in public equity and debt markets.