Blue Owl Capital saw its shares rise sharply after reporting stronger-than-expected earnings, offering a measure of relief to investors amid heightened concerns around private credit markets and recent fund redemption pressures, according to a report by Bloomberg.
The New York-based firm posted first-quarter fee-related earnings of $393.6m, up 14% year-on-year and ahead of analyst expectations, while assets under management increased to $315bn, supported by growth in its real assets franchise.
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