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) reported a net loss of $(397.2 million for Q2 2021, translating to $(1.21 per basic share. Adjusted Distributable Earnings were $108.4 million ($0.09 per share), and Adjusted Fee-related Earnings reached $130.1 million ($0.10 per share). The firm’s assets under management increased by 8% to $62.4 billion. A quarterly dividend of $0.04 per Class A Share was declared, payable on September 8, 2021. Blue Owl highlighted strong capital deployment, with a record $5.1 billion in Direct Lending.
Blue Owl Capital (NYSE: OWL) announced that Co-President Michael Rees will present at the UBS Financial Services Virtual Conference on August 10, 2021, at 10:00 am ET. The presentation will be available via live webcast on Blue Owl's website. As of March 31, 2021, Blue Owl managed approximately $52.5 billion in assets, providing investment solutions in direct lending and GP capital. The firm operates globally with around 250 employees and focuses on alternative asset management strategies.
Owl Rock Capital Corporation (NYSE: ORCC) reported a net investment income of $119.1 million, or $0.30 per share, for Q2 2021. Total investment income rose to $249.0 million, driven by growth in the portfolio and increased dividend income. New investment commitments reached $1,578.1 million across 16 new companies. The net asset value per share increased to $14.90 from $14.82 in Q1 2021. A quarterly dividend of $0.31 per share was declared for Q3 2021, payable by November 15, 2021.
Blue Owl Capital Inc. (NYSE: OWL) will release its financial results for Q2 2021 on August 10, 2021, before market open. A conference call to discuss results will occur on the same day at 8:30 a.m. ET. The call can be accessed via the investor section of Blue Owl's website or by phone. The firm manages approximately $52.5 billion in assets and specializes in direct lending and GP capital solutions, aiming to provide diverse capital strategies to the private market ecosystem.
Owl Rock Capital Corporation (NYSE: ORCC) has appointed Jonathan Lamm as its new Chief Financial Officer and Chief Operating Officer, effective September 1, 2021. Lamm, previously CFO and Treasurer at Goldman Sachs BDC, Inc., brings extensive experience in finance and operations. Former CFO Alan Kirshenbaum will continue as Executive Vice President. This leadership change aims to strengthen ORCC's operational and financial framework as it manages an investment portfolio valued at $11.2 billion across 120 companies.
Blue Owl (NYSE: OWL) announced the final closing of the Owl Rock Opportunistic Fund with $2.0 billion in capital commitments. The fund aims to raise $2.5 billion in investable capital to offer bespoke capital solutions for private companies. This strategy is backed by global investors, including pension funds and asset managers. Co-heads Nicole Drapkin and Jesse Huff emphasized the fund's focus on unique investment opportunities, including rescue financings and recapitalizations, designed to cater to middle-market companies in complex situations.
Blue Owl (NYSE: OWL) has appointed Ann Dai as Managing Director and Head of Investor Relations, effective immediately. Based in New York City, Dai will manage the firm's investor relations and report to CFO Alan Kirshenbaum. Kirshenbaum highlighted Dai's extensive experience and anticipated contributions to enhancing the company's public image. Dai aims to promote Blue Owl's strong market position in Direct Lending and GP Capital Solutions, emphasizing the firm’s unique business model and growth potential. As of March 31, 2021, Blue Owl had approximately $52.5 billion in assets under management.
Owl Rock Capital Corporation (ORCC) will release its financial results for the second quarter ending June 30, 2021, on August 4, 2021, after market close. A webcast and conference call for investors is scheduled for August 5, 2021, at 10:00 a.m. Eastern Time. ORCC, a specialty finance company focused on U.S. middle-market lending, had investments valued at $11.2 billion as of March 31, 2021. The firm has approximately $27.8 billion in assets under management and is managed by Owl Rock Capital Advisors LLC.
Owl Rock Capital Corporation (NYSE: ORCC) has announced the pricing of a public offering of $450 million in 2.875% notes due June 11, 2028. The notes can be redeemed at ORCC's option at any time. The offering, managed by multiple securities firms, is expected to close on June 11, 2021. Proceeds will be used to reduce existing debt obligations, including a Revolving Credit Facility and an SPV Asset Facility. As of March 31, 2021, ORCC had investments valued at $11.2 billion in 120 companies.
Blue Owl Capital (NYSE: OWL) announced the pricing of $700 million in 3.125% Senior Notes due 2031 by its subsidiary, Blue Owl Finance LLC. The notes are guaranteed by various Blue Owl entities. Proceeds will be used to repay existing term loan borrowings and cover offering fees, with any remaining funds allocated for corporate purposes and potential strategic acquisitions. The offering complies with Rule 144A and Regulation S under the Securities Act, indicating it targets institutional buyers and non-U.S. persons. The company manages approximately $52.5 billion in assets.
