Blue Owl Capital Inc. (NYSE: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.
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.