NEW
YORK, Oct. 31, 2024 /PRNewswire/ -- Blue Owl
Capital Inc. (NYSE:OWL) ("Blue Owl") today reported its financial
results for the third quarter ended September 30, 2024.
"Blue Owl has continued to generate resilient and strong growth
against a volatile market backdrop, with management fee growth of
more than 25% and revenue growth of more than 30% year over year.
The robust organic trends across our business reflect our durable
permanent capital base and increasing investor interest in the
strategies we manage, leading us to the second highest quarter of
fundraising in Blue Owl's history." said Doug Ostrover and Marc
Lipschultz, Co-CEOs of Blue Owl. "In addition, we recently
announced our agreement to acquire IPI's business, reflecting a
significant step forward in Blue Owl's presence in the digital
infrastructure ecosystem. Between IPI's expertise in data centers
and Atalaya's capabilities in asset based finance, both of which
are multi-trillion dollar markets, we believe we are further
positioning Blue Owl to be on the forefront of trends that will
define the alternatives industry in the coming decade."
Blue Owl issued its full detailed presentation of its third
quarter ended September 30, 2024 results, which can be viewed
through the Shareholders 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
November 22, 2024, to shareholders of record at the close of
business on November 11, 2024.
Quarterly Investor Call Details:
Blue Owl will host
its third quarter 2024 investor call via public webcast on
October 31, 2024 at 10:00 a.m.
ET. To register, please visit the Shareholders 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
Shareholders 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 $235 billion in assets under management as of
September 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 1,050 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