NEW
YORK, Aug. 1, 2023 /PRNewswire/ -- Blue Owl
Capital Inc. (NYSE: OWL) ("Blue Owl") today reported its financial
results for the second quarter ended June
30, 2023.
"Blue Owl arrived at a significant milestone during the second
quarter of 2023, reaching $150
billion of assets under management at the beginning of our
third year as a public company," said Doug
Ostrover and Marc Lipschultz,
Co-CEOs of Blue Owl. "This accomplishment has been accompanied
by nine straight quarters of management fee growth, and we have
more than doubled our management fees over this period. Even more
notably, we have achieved this stable and strong growth through a
period of tumultuous markets, substantial moves in interest rates,
and fluctuating expectations around inflation and economic growth.
We believe our business is very well positioned to continue to
thrive in the current landscape, having been built around permanent
capital and predictable, recurring revenues."
Blue Owl issued its full detailed presentation of its second
quarter ended June 30, 2023 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 $0.14 per Class A Share, payable on
August 31, 2023, to shareholders of record at the close of
business on August 21, 2023.
Quarterly Investor Call Details:
Blue Owl will host its second quarter 2023 investor call via
public webcast on August 1, 2023 at 8:30 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 $150 billion in assets under
management1, 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 and individual investors differentiated alternative
investment opportunities that aim to deliver strong performance,
risk-adjusted returns, and capital preservation.
Together with over 600 experienced professionals across 10
offices globally, Blue Owl brings the vision and discipline to
create the exceptional. To learn more, visit www.blueowl.com.
1 As of June 30, 2023
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 & Public Policy
Nick.Theccanat@blueowl.com
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SOURCE Blue Owl Capital