Blue Owl Capital Inc. Second Quarter 2023 Results

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Blue Owl Capital Inc. (NYSE: OWL) reported reaching $150 billion of assets under management, with nine straight quarters of management fee growth and more than doubled management fees. They declared a quarterly dividend of $0.14 per Class A Share and will host an investor call on August 1, 2023, at 8:30 a.m. ET.

NEW YORK, Aug. 1, 2023 /PRNewswire/ -- Blue Owl Capital Inc. (NYSE: OWL) ("Blue Owl") today reported its financial results for the second quarter ended June 30, 2023.

"Blue Owl arrived at a significant milestone during the second quarter of 2023, reaching $150 billion of assets under management at the beginning of our third year as a public company," said Doug Ostrover and Marc Lipschultz, Co-CEOs of Blue Owl. "This accomplishment has been accompanied by nine straight quarters of management fee growth, and we have more than doubled our management fees over this period. Even more notably, we have achieved this stable and strong growth through a period of tumultuous markets, substantial moves in interest rates, and fluctuating expectations around inflation and economic growth. We believe our business is very well positioned to continue to thrive in the current landscape, having been built around permanent capital and predictable, recurring revenues."

Blue Owl issued its full detailed presentation of its second quarter ended June 30, 2023 results, which can be viewed through the Investor Resources section of Blue Owl's website at https://ir.blueowl.com/Investors/events-and-presentations.

Dividend

Blue Owl declared a quarterly dividend of $0.14 per Class A Share, payable on August 31, 2023, to shareholders of record at the close of business on August 21, 2023. 

Quarterly Investor Call Details:

Blue Owl will host its second quarter 2023 investor call via public webcast on August 1, 2023 at 8:30 a.m. ET. To register, please visit the Investor Resources section of Blue Owl's website at https://ir.blueowl.com/overview.

The conference call may be accessed by dialing +1 (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.

All callers will need to enter the Conference ID followed by the # sign and reference "Blue Owl Capital" once connected with the operator. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected.

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.

With $150 billion in assets under management¹, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional and individual investors differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 600 experienced professionals across 10 offices globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

¹ As of June 30, 2023

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; and the possibility that Blue Owl may be adversely affected by other economic, business, geo-political and competitive factors.

Investor Contact

Ann Dai
Head of Investor Relations
blueowlir@blueowl.com

Media Contact

Nick Theccanat
Principal, Corporate Communications & Public Policy
Nick.Theccanat@blueowl.com

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SOURCE Blue Owl Capital

FAQ

What are Blue Owl Capital Inc.'s financial results for the second quarter ended June 30, 2023?

Blue Owl Capital Inc. reported reaching $150 billion of assets under management, with nine straight quarters of management fee growth and more than doubled management fees.

What is the quarterly dividend declared by Blue Owl Capital Inc.?

Blue Owl Capital Inc. declared a quarterly dividend of $0.14 per Class A Share, payable on August 31, 2023, to shareholders of record at the close of business on August 21, 2023.

When will Blue Owl Capital Inc. host its second quarter 2023 investor call?

Blue Owl Capital Inc. will host its second quarter 2023 investor call on August 1, 2023, at 8:30 a.m. ET via public webcast.