Blue Owl Capital Inc. is a leading asset manager specializing in alternative investments. The company operates across multiple investment platforms, providing private capital solutions to businesses and offering differentiated alternative investment opportunities to institutional and individual investors. Blue Owl Capital Inc. sells investment advisory and management services through its diverse product lines.
- Credit Platform - Provides diversified lending solutions, including technology lending, first lien lending, opportunistic lending, and liquid credit activities.
- GP Strategic Capital Platform - Focuses on investments in general partner minority stakes, GP debt financing, and professional sports minority stakes.
- Real Estate Platform - Engages in net lease and real estate credit activities.
You might also like
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Alan Kirshenbaum ExecutiveBoard | Chief Financial Officer | Alan Kirshenbaum is the Chief Financial Officer at Blue Owl Capital Inc. since May 2021. He is a member of the Executive Committee and serves as Co-Chair of the Operating Committee, with extensive prior experience including roles as CFO at Sixth Street Specialty Lending and TPG Special Situations Partners. | ||
Craig W. Packer ExecutiveBoard | Co-President | Treasurer of the Board of Trustees of Greenwich Academy; Co-Chair of the Honorary Board of Kids in Crisis; Advisory Board member for the Mount Sinai Department of Rehabilitation and Human Performance; Foundation Board of Trustees member for the McIntire School of Commerce, University of Virginia; Board of Trustees member for the University of Virginia Athletics Foundation | Craig W. Packer has been serving as Co-President and Director of Blue Owl Capital Inc. since May 2021. He has extensive experience across high yield capital markets from previous roles at Goldman Sachs and Credit Suisse, and he co-founded Owl Rock Capital Partners. | |
Douglas I. Ostrover ExecutiveBoard | Chairman of the Board, Co-Chief Executive Officer, and Director | Board of Directors, Michael J. Fox Foundation; Board of Directors, Mt. Sinai Health System; Member, Leadership Council for Memorial Sloan Kettering; Investment Committee, Brunswick School | Douglas I. Ostrover has been serving as the Chairman of the Board, Co-Chief Executive Officer, and Director at Blue Owl Capital Inc. since May 2021. He is also a member of the Executive Committee and previously held senior leadership roles at GSO Capital Partners, Credit Suisse First Boston, and DLJ. | |
Marc S. Lipschultz ExecutiveBoard | Co-Chief Executive Officer | Director, Hess Corporation ; Nonprofit Board Member, American Enterprise Institute for Public Policy Research ; Nonprofit Board Member, Michael J. Fox Foundation ; Nonprofit Board Member, Mount Sinai Health System ; Nonprofit Board Member, Riverdale Country School ; Trustee, Stanford University ; Board Member, 92nd Street Y | Marc S. Lipschultz is the Co-Chief Executive Officer of Blue Owl Capital Inc. since May 12, 2023. He also serves as Director and a founding member of the Executive Committee, having co-founded the firm with prior leadership roles at Owl Rock Capital Partners, KKR, and Goldman Sachs. | |
Marc Zahr ExecutiveBoard | Co-President and Director | Board of Trustees of Store Capital | Marc Zahr serves as Co-President and Director of Blue Owl Capital Inc. since December 2021. He leads the Real Estate platform and holds additional board roles as Chairman of the Board of Trustees of Blue Owl Real Estate Net Lease Trust and as a member of the Board of Trustees of Store Capital. | |
Michael D. Rees ExecutiveBoard | Co-President | Michael D. Rees is the Co-President of Blue Owl Capital Inc. since May 2021. He also serves on the Board of Directors and the Executive Committee, playing a key leadership role in the firm's strategic direction. | ||
Andrew Laurino Executive | Senior Managing Director | Andrew Laurino is Senior Managing Director at Blue Owl Capital Inc. since May 2021 and a member of the firm's Executive Committee and GP Strategic Capital Investment Team. Previously, he served in strategic and financing advisory roles at firms including Dyal Capital, Tiger Bay Advisors, Credit Suisse, and Lehman Brothers. | ||
Andrew R. Polland Executive | Chief Operating Officer | Andrew R. Polland is the Chief Operating Officer at Blue Owl Capital Inc. since May 2021. He also serves as COO for Blue Owl Advisers and has held leadership roles at Dyal Capital, Hoplite Capital Management L.P., and other firms providing legal and compliance oversight. | ||
Neena A. Reddy Executive | Chief Legal Officer, General Counsel, and Secretary | Neena A. Reddy is the Chief Legal Officer, General Counsel, and Secretary at Blue Owl Capital Inc. since May 2021. She serves on the Executive and Operating Committees and has extensive legal and financial experience from previous roles including Associate General Counsel at Goldman Sachs. | ||
Sean Ward | Leadership Council of Robert F. Kennedy Human Rights; Board of Trustees of the Brooklyn Museum; Board of Trustees of the Packer Collegiate Institute | Sean Ward served as Senior Managing Director and Director at Blue Owl Capital from May 2021 until his resignation on February 26, 2025, and contributed to the firm’s Executive Committee and strategic investment teams. |
- Considering the significant fee-related enhancements from recent acquisitions like IPI and the integration challenges they present, how do you plan to sustain your management fee growth in an environment of evolving market conditions?
- With your gross-to-net deployment dynamics heavily influenced by refinancing activity, what specific measures are you taking to ensure robust net deployment amid a potentially tightening syndicated loan market?
- Given the upward pressure on G&A and compensation expenses, what cost-containment strategies will you implement to maintain your target FRE margins going into 2025?
- In competing with more established alternative credit products, what unique value propositions will drive market share for your new offerings, and how do you plan to mitigate competitive risks from incumbents like Atalaya?
- With the merger of ORTF and ORTF II on track for early Q2 closure, can you provide additional detail on the post-merger strategy for managing two publicly traded BDCs and ensuring sustained long-term growth from both equity and debt capital perspectives?
Research analysts who have asked questions during BLUE OWL CAPITAL earnings calls.
Brian McKenna
Citizens JMP Securities
4 questions for OWL
Craig Siegenthaler
Bank of America
4 questions for OWL
Crispin Love
Piper Sandler
4 questions for OWL
Glenn Schorr
Evercore ISI
4 questions for OWL
Patrick Davitt
Autonomous Research
4 questions for OWL
Steven Chubak
Wolfe Research
4 questions for OWL
Alexander Blostein
Goldman Sachs
3 questions for OWL
William Katz
TD Cowen
3 questions for OWL
Brennan Hawken
UBS Group AG
2 questions for OWL
Brian Bedell
Deutsche Bank
2 questions for OWL
Michael Brown
Wells Fargo Securities
2 questions for OWL
Alexander Bernstein
JPMorgan Chase & Co.
1 question for OWL
Alex Blostein
Goldman Sachs
1 question for OWL
Ben Budish
Barclays PLC
1 question for OWL
Benjamin Budish
Barclays PLC
1 question for OWL
Bradley Hach
TD Cowen
1 question for OWL
Chris Kotowski
Oppenheimer & Co. Inc.
1 question for OWL
Christoph Kotowski
Oppenheimer & Co. Inc.
1 question for OWL
Kenneth Worthington
JPMorgan Chase & Co.
1 question for OWL
Kyle Voigt
Keefe, Bruyette & Woods
1 question for OWL
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
IPI Partners, LLC | 2025 | Completed on January 3, 2025, the acquisition was valued at approximately $1.0 billion—funded through the issuance of 39,091,754 Common Units with an additional cash component of $204.1 million—and it enhances Blue Owl’s digital infrastructure strategy by adding specialized infrastructure assets like data centers and logistics hubs. |
Prima Capital Advisors | 2024 | Announced in April 2024 and completed on June 6, 2024, this $170 million acquisition—funded mostly with equity and a small cash component with potential for up to $35 million in earnouts—is strategically aimed at building Blue Owl’s Real Estate Finance strategy by incorporating a robust real estate lending platform managing around $10 billion in assets. |
Kuvare Insurance Services LP | 2024 | Announced in April 2024 and completed on July 1, 2024, this acquisition was executed for $750 million (with $325 million in cash and $425 million in stock) and includes up to $250 million in earnouts, bolstering Blue Owl’s entry into the insurance market and leading to the launch of Blue Owl Insurance Solutions with Kuvare managing about $20 billion in AUM. |
Atalaya Capital Management LP | 2024 | Announced on July 16, 2024 and completed on September 30, 2024, the deal was valued at $450 million (comprising $350 million in equity and $100 million in cash) with a potential earnout of up to $350 million, expanding Blue Owl’s alternative credit offerings by adding over $10 billion in AUM and integrating key talent from Atalaya. |
Cowen Healthcare Investments | 2023 | Announced on October 30, 2023 and expected to close in Q4 2023, this acquisition adds approximately $1 billion in AUM and strengthens Blue Owl’s presence in the life sciences sector by incorporating a team with extensive expertise in mid-to-late-stage healthcare investments. |
Par-Four Acquisition | 2023 | Completed on August 15, 2023, the acquisition involved obtaining CLO management agreements and related assets for a total cash consideration of $26,245,000, resulting in net identifiable assets valued at $6,468,000 and generating $19,777,000 in goodwill, while also adding $1.6 billion in AUM to Blue Owl. |
Wellfleet Credit Partners LLC | 2022 | Completed on April 1, 2022, this acquisition from affiliates of Littlejohn & Co., LLC was executed for $108.0 million in cash with additional earnout potential of $15.0 million plus 940,668 Class A Shares, targeting a portfolio of collateralized loan obligations (CLOs). |
Oak Street | 2021 | Announced on October 18, 2021 and completed on December 29, 2021, this significant real estate transaction involved an aggregate purchase price of $950 million (with additional earnouts up to $650 million), funding through both cash and Blue Owl Common Units, and brought a firm with $12.4 billion in AUM specializing in triple-net lease sale-leaseback transactions into Blue Owl’s portfolio. |
Recent press releases and 8-K filings for OWL.
- Funds managed by Blue Owl Capital, along with affiliates of Chirisa Technology Parks (CTP) and Machine Investment Group (MIG), closed a joint venture partnership on August 25, 2025, to include $4 billion of funding for CoreWeave developments in Lancaster, Pennsylvania.
- Blue Owl stated its intention to fund up to $20 billion of developments for CTP, extending their existing partnership which currently supports almost half a gigawatt of new developments underway in Virginia and Pennsylvania.
- The CTP Lancaster campus is planned as an innovation hub that will host compute infrastructure dedicated to Artificial Intelligence (AI) applications, optimized for high-performance computing.
- The parties also intend to fund approximately $200 million for local power grid infrastructure improvements in partnership with PPL Electric Utilities in the Lancaster region.
- BLUE OWL CAPITAL INC. entered into the Third Amendment to its Amended and Restated Credit Agreement on August 8, 2025.
- This amendment increased the total revolving commitments under the credit agreement to $2,425,000,000.
- The aggregate outstanding amount for certain other Permitted Investments was also increased from $100,000,000 to $200,000,000.
- Blue Owl Capital Inc. reported a record $14 billion of new capital raised in Q2 2025, contributing to a total of $55 billion over the last twelve months, and achieved record equity fundraising of $12 billion in Q2 2025.
- The company demonstrated strong financial performance with year-over-year growth on a last twelve months basis, including a 29% increase in FRE revenues, 23% in FRE, and 20% in DE.
- Strategic milestones in Q2 2025 include the final close of the third flagship digital infrastructure fund at a $7 billion hard cap, a $850 million private offering for a new alternative credit interval fund, and the successful listing of their technology-focused BDC, OTF, which is anticipated to generate approximately $135 million in incremental annual management fees annually.
- The integration of recent acquisitions is complete and is already contributing to fee revenue growth, with the gap between FRE/DE and FRE/DE per share meaningfully narrowing.
- Blue Owl Capital's Digital Infrastructure strategy has acquired South Reach Networks (SRN), a Florida-based fiber infrastructure provider, as announced on July 15, 2025.
- SRN operates a 370-mile dark and lit fiber optic network across Florida, from Jacksonville to Miami, connecting to five owned colocation edge facilities and on or near-net to 40 data centers.
- Blue Owl plans to invest significant capital into SRN to add major new builds, aiming to expand its digital footprint and address the growing need for fiber.
- Scott Bergs, CEO of Dark Fiber and Infrastructure (another Blue Owl portfolio company), will assume the role of CEO of SRN in addition to his current role.
- Blue Owl Capital Inc. and Voya Financial, Inc. have established a strategic partnership to develop private markets investment products for defined contribution retirement plans.
- The collaboration will initially focus on the joint development of collective investment trusts (CITs), which will be available through advisor-managed accounts on Voya's retirement platform and via target date solutions managed by Voya Investment Management.
- This initiative aims to provide retirement plan participants with access to a broader range of investment opportunities, supporting the creation of more resilient portfolios and optimizing retirement outcomes.
- Voya serves over 39,000 U.S. employers and nine million retirement plan participants, holding over $630 billion in defined contribution assets on its platform, while Blue Owl manages over $273 billion in assets.
- The firms anticipate further collaboration, including investment strategies targeted to the institutional insurance market, with Voya engaging Blue Owl for private credit strategies and Blue Owl extending Voya's fixed income solutions to its insurance clients.
- Blue Owl Capital Inc. held its annual stockholders’ meeting on June 9, 2025, where details of director elections and voting thresholds were announced.
- The shareholders approved key proposals including the ratification of KPMG LLP as the independent auditor for the 2025 fiscal year and advisory votes on executive compensation matters.
- Macro uncertainty remains amid stickier inflation and higher-for-longer rates, but Blue Owl’s focus on credit downside protection and fee-based, balance sheet–light operations offers stability.
- Direct lending spreads have maintained consistency despite market volatility, reflecting Blue Owl's disciplined approach to lending and net deployment efficiency.
- Product expansion is a key theme, with development across diversified core income, technology lending, triple net lease real estate, and new interval and digital infrastructure offerings to broaden retail, institutional, and non-U.S. distribution.
- The integration of the Kuvare asset manager has strengthened Blue Owl’s access to the insurance distribution channel, adding a new avenue for asset management capabilities.
- Blue Owl Capital Inc. secured the final close of its Digital Infrastructure Fund III with $7 billion in capital commitments, exceeding the initial target of $4 billion.
- The fund will invest in data centers and connectivity assets to support global AI and cloud infrastructure needs.
- This initiative is part of Blue Owl’s broader digital infrastructure strategy, which has raised $34 billion and invested in over 90 facilities across 25 global markets as of April 30, 2025.
- Earnings Performance: Reported GAAP net income of $7.4 million and fee-related earnings of $345.4 million (or $0.22 per share)
- Asset Management Scale: Managed approximately $273 billion in AUM, including FPAUM of $174.6 billion and Permanent Capital of $196.1 billion
- Record Fundraising: Raised nearly $50 billion in combined equity and debt over the last 12 months, including $6.7 billion in Q1, with new capital commitments of $10.7 billion
- Robust Revenue Growth: Achieved growth with management fees up by 31% and over 30% year-over-year growth (with FRE up 23% and DE up 20%), marking the 16th consecutive quarter of growth
- Dividend Announcements: Declared an annual dividend of $0.90 per Class A Share (up 25% from 2024) and a quarterly dividend of $0.225 per Class A Share, payable on May 28, 2025 (record as of May 14, 2025)
- M&A Activity: Completed the IPI acquisition, adding significant AUM to the portfolio
- Stable Business Model: Operates with a focus on permanent capital and income-oriented strategies, demonstrating resilience amid volatile market conditions
- Merger Completed: Blue Owl Technology Finance Corp. (OTF) successfully merged with Blue Owl Technology Finance Corp. II, creating the largest software-focused BDC with over $12 billion in total assets and a combined portfolio of 180 companies.
- Shareholder Structure: Post-merger, legacy OTF shareholders hold approximately 46% and former OTF II shareholders 54% of the combined company, with an exchange ratio of 0.9113 shares of OTF for each share of OTF II.