FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Polland Andrew Robert		 2. Issuer Name and Ticker or Trading Symbol

BLUE OWL CAPITAL INC. [ OWL ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Operating Officer
(Last)          (First)          (Middle)

399 PARK AVENUE, 38TH FLOOR		 3. Date of Earliest Transaction (MM/DD/YYYY)

10/22/2021
(Street)

NEW YORK, NY 10022
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

10/22/2021 
 6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class C common stock (1)(2)(3)10/22/2021  A  750000 A$0.00 750000 I See Footnotes (1)(2)(3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Blue Owl Operating Group Units (1) (2)(3)10/22/2021  A   750000     (2)(3) (2)(3)Class A common stock 750000 $0.00 750000 I (1)See Footnotes (1)(2)(3)
Explanation of Responses:
(1) Represents the issuance of Class P Units of Blue Owl Management Vehicle LP, a Delaware limited partnership ("Blue Owl Management Vehicle") equal to the number of Incentive Units (each of which consists of one Class P Unit of Blue Owl Capital Carry LP, a Delaware limited partnership ("Blue Owl Carry"), and one Class P Unit of Blue Owl Capital Holdings LP, a Delaware limited partnership ("Blue Owl Holdings" and together with Blue Owl Carry, the "Blue Owl Operating Partnerships")) issued by the Blue Owl Operating Partnerships pursuant to the Blue Owl Capital Inc. 2021 Omnibus Equity Incentive Plan, as amended from time to time, and held by Blue Owl Management Vehicle on behalf of the Reporting Person.
(2) The reported Incentive Units will vest upon vesting of the related Class P Units of Blue Owl Management Vehicle, which will vest in three equal installments on August 15th of 2024, 2025 and 2026, subject to continued service of the reporting person and in accordance with the applicable incentive unit grant certificate. Subject to certain conditions, the reported Incentive Units will be settled by delivery of an equal number of common units of each of the Blue Owl Operating Partnerships (collectively, "Blue Owl Operating Group Units") and shares of Class C common stock of Blue Owl Capital Inc.
(3) (Continued from Footnote 2) Blue Owl Operating Group Units, upon the cancellation of an equal number of shares of Class C common stock, may be exchanged from time to time at the request of the reporting person for an equal number of newly issued shares of Class A common stock, subject to any applicable transfer restrictions and the terms of the Exchange Agreement (or at the election of an exchange committee of the general partner of the Blue Owl Operating Partnerships a cash payment equal to the five-day volume weighted average price of shares of Class A common stock immediately prior to the applicable exchange date). Blue Owl Operating Group Units do not expire.

Remarks:
This Form 4/A is being filed to correct the vesting schedule for the reported Incentive Units that was incorrectly reported in the Form 4 filed by the reporting person on October 22, 2021, as occurring in three equal installments on August 15th of 2022, 2023 and 2024. The correct vesting schedule as reflected herein is three equal installments on August 15th of 2024, 2025 and 2026.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Polland Andrew Robert
399 PARK AVENUE, 38TH FLOOR
NEW YORK, NY 10022

Chief Operating Officer
Signatures
/s/Neena A. Reddy, Attorney-in-fact for Andrew Robert Polland10/25/2021
**Signature of Reporting PersonDate
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