NEW
YORK, Aug. 1, 2024 /PRNewswire/ -- Blue Owl
Capital Inc. (NYSE: OWL) ("Blue Owl") today reported its financial
results for the second quarter ended June 30, 2024.
"Blue Owl continues to demonstrate exceptionally strong and
stable growth, with LTM management fee growth exceeding 20% year
over year in every quarter we've been public. The second quarter of
2024 was very active, with record levels of deployment, strong
pipelines, and robust fundraising across a growing array of
strategies and products," said Doug
Ostrover and Marc Lipschultz,
Co-CEOs of Blue Owl. "We recently announced our agreement to
acquire Atalaya Capital Management's business, instantly expanding
and scaling our capabilities in alternative credit and asset-based
finance capabilities, a multi-trillion dollar market with a long
runway for growth. Atalaya is a high-quality manager with a great
track record over market cycles, and we see significant opportunity
to grow this business together. Organically and inorganically, Blue
Owl is quickly building up the waterfront of solutions we offer,
positioning ourselves within many of the major trends that we
expect to drive alternative asset management growth for the
foreseeable future."
Blue Owl issued its full detailed presentation of its second
quarter ended June 30, 2024 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 $0.18 per Class A Share, payable on
August 30, 2024, to shareholders of record at the close of
business on August 21, 2024.
Quarterly Investor Call Details:
Blue Owl will host its second quarter 2024 investor call via
public webcast on August 1, 2024 at 10:00 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 over $192 billion in assets
under management as of June 30, 2024,
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 investors,
individual investors, and insurance companies differentiated
alternative investment opportunities that aim to deliver strong
performance, risk-adjusted returns, and capital preservation.
Together with over 820 experienced professionals, Blue Owl
brings the vision and discipline to create the exceptional. To
learn more, visit www.blueowl.com.
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 & Government Affairs
Nick.Theccanat@blueowl.com
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SOURCE Blue Owl Capital