Welcome to our dedicated page for Blue Owl Capital news (Ticker: OWL), a resource for investors and traders seeking the latest updates and insights on Blue Owl Capital stock.
Blue Owl Capital Inc (NYSE: OWL) is a leading global alternative asset manager specializing in private capital deployment across credit, GP strategic capital, and real estate strategies. This news hub provides investors and financial professionals with timely updates on the company's activities and market positioning.
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Blue Owl Capital (NYSE: OWL) announced the acquisition of Ascentium Group Limited to enhance its presence in Asia, specifically Hong Kong. This follows the opening of a Singapore office, signifying a strategic expansion in the Asia-Pacific region. Ascentium's CEO, James Lee, will lead Blue Owl's institutional sales team in Asia. The acquisition is expected to facilitate growth in GP stakes, direct lending, and real estate solutions. As of September 30, 2021, Blue Owl managed approximately $70.5 billion in assets and operates nine offices globally.
Blue Owl Capital announced the pricing of a secondary offering of 26,717,377 shares of its Class A common stock at $14.50 each, expected to close on December 9, 2021. The offering is conducted by NBSH Blue Investments II, LLC, which will receive all proceeds. Blue Owl will not sell any shares or receive any proceeds from the offering. The underwriters have a 25-day option to buy an additional 4,007,606 shares. Major financial institutions are involved as joint bookrunning managers, with a registration statement filed with the SEC for transparency.
Blue Owl Capital (NYSE: OWL) announced a secondary offering of 26,717,377 shares of Class A common stock, entirely from the Selling Stockholder, NBSH Blue Investments II, LLC. The company will not receive any proceeds from this offering. Goldman Sachs, BofA Securities, and J.P. Morgan are the joint bookrunning managers for this transaction. The shares will be sold under a previously filed registration statement with the SEC. Blue Owl Capital manages approximately $70.5 billion in assets and offers unique capital solutions in the alternative asset management sector.
Owl Rock, a division of Blue Owl Capital (NYSE: OWL), has appointed Victor Woolridge to the boards of its business development companies, including Owl Rock Capital Corporation (NYSE: ORCC). This appointment increases the board size for five BDCs to seven directors and for two BDCs to eight directors, with a majority being independent members. Woolridge, who has extensive experience in capital markets, will serve on key committees including the Nominating and Corporate Governance and Audit Committees for all boards. Owl Rock manages approximately $34.6 billion in assets.
Blue Owl Capital Inc. reported a GAAP net loss of $53.3 million for Q3 2021, equating to $0.16 per share. Distributable Earnings reached $142.8 million, or $0.11 per Adjusted Share. The company’s assets under management exceeded $70 billion, a 13% increase from the previous quarter, driven by record gross originations of $8.8 billion. Blue Owl declared a quarterly dividend of $0.09 per share, payable on November 30, 2021.
Blue Owl Capital Inc. (NYSE: OWL) will release its third-quarter financial results on November 9, 2021, before market open. A conference call will follow at 8:30 a.m. Eastern Time to discuss the results, which investors can access via their website or by dialing in. As of June 30, 2021, Blue Owl managed approximately $62.4 billion in assets. The firm is focusing on alternative asset management through Direct Lending and GP Capital Solutions.
On October 18, 2021, Blue Owl Capital announced a definitive merger agreement to acquire Oak Street Real Estate Capital for $950 million. The transaction is expected to close in Q4 2021, pending customary conditions. The purchase will be funded with cash and common units, with potential earnouts of up to $650 million based on performance. This acquisition is projected to enhance Distributable Earnings per Share by 5-7% starting in 2022. Oak Street manages $10.8 billion in assets, focusing on flexible real estate solutions.
Owl Rock Capital Corporation (NYSE: ORCC) will release its third quarter financial results for the period ending September 30, 2021, on November 3, 2021, after market close. A conference call will be held on November 4, 2021, at 10:00 a.m. ET to discuss the results. ORCC had investments in 129 portfolio companies valued at $11.9 billion as of June 30, 2021. The company manages approximately $31.2 billion in assets as part of Blue Owl Capital. Forward-looking statements in the PR caution investors about risks and uncertainties affecting future performance.
Blue Owl Capital has priced its offering of $350 million in 4.125% Senior Notes due 2051. The notes, guaranteed by various subsidiaries, will be sold to qualified institutional buyers and non-U.S. persons. Proceeds will be used for general corporate purposes, including potential strategic acquisitions. The notes will not be registered under the Securities Act, hence cannot be sold in the U.S. without proper registration. As of June 30, 2021, Blue Owl managed approximately $62.4 billion in assets.
Blue Owl Capital has announced its intention to offer 30-year senior unsecured notes through its subsidiary, Blue Owl Finance LLC. These notes are set to be guaranteed by various affiliated entities and will be offered to qualified institutional buyers and non-U.S. persons. The proceeds will be used for corporate purposes, including strategic acquisitions and growth initiatives. As of June 30, 2021, Blue Owl managed approximately $62.4 billion in assets. This announcement highlights the company's efforts to bolster its financial position in the alternative asset management sector.
