Key Takeaways
- • Blue Owl Capital reported record assets under management of $330bn in the third quarter, according to Reuters.
- • Adjusted distributable earnings rose to $0.24 per share for the three months to September 30, up from $0.22 a year earlier and above the $0.23 analyst forecast.
- • Blue Owl raised $12.6bn in new capital commitments during the quarter, lifting its trailing 12-month total to $48.8bn, with institutional fundraising reaching a quarterly record.
- • Direct lending originations totalled $5.2bn, while deployment fell by $300m.
- • Shares rose nearly 5% in premarket trading but remain down around 35% year to date amid scrutiny of private credit exposure to technology borrowers and AI infrastructure.
Summary
Blue Owl Capital's assets under management reached a record $330bn in the third quarter, according to a report by Reuters, as stronger fee-related earnings helped the alternative asset manager beat profit expectations. Adjusted distributable earnings rose to $0.24 per share for the three months to September 30, compared with $0.22 a year earlier and ahead of the $0.23 consensus forecast from analysts. The firm's shares rose nearly 5% in premarket trading following the results.
Fundraising was the main driver of the quarter. Blue Owl secured $12.6bn in new capital commitments, bringing its trailing 12-month total to $48.8bn. Equity fundraising accounted for $10.2bn, including $5.6bn from credit and $4bn from real assets. Co-CEOs Doug Ostrover and Marc Lipschultz said institutional fundraising reached a quarterly record, supported by a broader mix of strategies, investors and geographies.
On the deployment side, direct lending originations totalled $5.2bn, while deployment fell by $300m compared with the prior period. The firm's results come as private credit exposure to technology borrowers and AI infrastructure remains under continued scrutiny. Despite the earnings beat, Blue Owl's shares are down around 35% so far this year.
Fundraising was the main driver of the quarter. Blue Owl secured $12.6bn in new capital commitments, bringing its trailing 12-month total to $48.8bn. Equity fundraising accounted for $10.2bn, including $5.6bn from credit and $4bn from real assets. Co-CEOs Doug Ostrover and Marc Lipschultz said institutional fundraising reached a quarterly record, supported by a broader mix of strategies, investors and geographies.
On the deployment side, direct lending originations totalled $5.2bn, while deployment fell by $300m compared with the prior period. The firm's results come as private credit exposure to technology borrowers and AI infrastructure remains under continued scrutiny. Despite the earnings beat, Blue Owl's shares are down around 35% so far this year.
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