Wikipedia

Blue Owl Capital

Blue Owl Capital Inc.
Company typePublic
IndustryFinancial services
FoundedMay 19, 2021;
4 years ago (2021-05-19)[1][2]
Founders
Headquarters399 Park Avenue,
New York City
,
United States
Products
RevenueIncrease US$1.73 billion (2023)
Increase US$221 million (2023)
AUMIncrease US$174.3 billion (2024)
Total assetsDecrease US$8.82 billion (2023)
Total equityDecrease US$5.28 billion (2023)
Number of employees
725 (2024)
Websiteblueowl.com
Footnotes / references
Financials as of December 31, 2023.[3]

Blue Owl Capital Inc. is an American alternative investment asset management company that is listed on the New York Stock Exchange under the ticker symbol: "OWL". Headquartered in New York City, it has additional offices around the world, including London, Dubai, and Hong Kong.

History

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Dyal Capital was formed in 2011 by Michael Rees.[2][4][5] It provided financing to hedge funds and private equity firms by acquiring minority interests in them.[6][4][5]

Owl Rock Capital Group was founded in 2016.[2][7] It was a middle market private credit direct lending firm that dealt with credit investments.[2][7][6]

In December 2020, it was announced there would be a merger between Dyal Capital Partners and Owl Rock.[1][2] The two firms combined with a special-purpose acquisition company, Altimar Acquisition Corp to form Blue Owl.[1][2][8]

In May 2021, the transaction was completed and Blue Owl was listed on the New York Stock Exchange.[9][10][6] The deal was valued at $12.2 billion which included a $1.5 billion commitment from investors such as ICONIQ Capital, Federated Hermes and Liberty Mutual.[1][2]

In October 2021, Blue Owl acquired Oak Street, a private equity real estate firm for $950 million.[11][12][13]

In December 2021, Blue Owl acquired Ascentium Group, a business development office based in Hong Kong.[14] This was done as part of its plans to expand in Asia.[14]

In October 2022, Bloomberg reported Blue Owl intended to expand the size of its offices in Greenwich, Connecticut and had opened an office in New Jersey.[15]

In July 2024, the firm entered into an agreement to purchase a private credit firm, Atalaya Capital Management.[16]

References

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  1. ^ a b c d e "Owl Rock, Dyal Capital to merge in $12 billion deal". Pensions & Investments. December 23, 2020.
  2. ^ a b c d e f g Gottfried, Cara Lombardo and Miriam (December 23, 2020). "Owl Rock, Dyal Strike Deal to Combine and Go Public". Wall Street Journal.
  3. ^ "Annual Report 2023". U.S. Securities and Exchange Commission. February 23, 2024.
  4. ^ a b "Michael Rees: how a private equity chief turned the tables on his peers". Financial Times. July 22, 2021. Retrieved October 17, 2022.
  5. ^ a b "Lehman spinout profits from buying into buyout groups". Financial Times. January 4, 2019. Retrieved October 17, 2022.
  6. ^ a b c Beltran, Luisa. "Blue Owl's Stock Will Rise This Year, Analyst Says". www.barrons.com. Retrieved October 17, 2022.
  7. ^ a b Wirz, Matt (February 13, 2020). "Behind the Rise of Owl Rock: Low Fees". Wall Street Journal. ISSN 0099-9660. Retrieved October 17, 2022.
  8. ^ Gottfried, Cara Lombardo and Miriam (December 23, 2020). "Owl Rock, Dyal Strike Deal to Combine and Go Public". Wall Street Journal. ISSN 0099-9660. Retrieved October 17, 2022.
  9. ^ "The Biggest IPOs of 2021". Morningstar, Inc. December 15, 2021. Retrieved October 17, 2022.
  10. ^ Gottfried, Miriam (June 23, 2021). "Blue Owl, Newest Private-Equity Creation, Sees Wisdom in Simplicity". Wall Street Journal. ISSN 0099-9660. Retrieved October 17, 2022.
  11. ^ "Blue Owl Capital to acquire Oak Street Real Estate Capital". Pensions & Investments. October 18, 2021. Retrieved October 17, 2022.
  12. ^ "Oak Street Real Estate Capital To be Acquired by Blue Owl Capital". www.willkie.com. Retrieved October 17, 2022.
  13. ^ Basak, Sonali (March 4, 2022). "Blue Owl Capital Plans London IPO of Dyal Assets". www.bloomberg.com. Retrieved October 17, 2022.
  14. ^ a b "Blue Owl buys Ascentium Group as part of Asia expansion". Pensions & Investments. December 13, 2021. Retrieved October 17, 2022.
  15. ^ Wong, Natalie; Parmar, Hema; Kane, Lizzie (October 27, 2022). "Citadel, Blue Owl Expand in Connecticut in Bid to Cut Commutes". Bloomberg. Retrieved October 27, 2022.
  16. ^ Basak, Sonali; Natarajan, Sridhar; Tan, Gillian (July 16, 2024). "Blue Owl to Buy Atalaya in Deeper Push Into Private Credit". Bloomberg. Retrieved July 17, 2024.
[edit]
  • Official website
  • Business data for Blue Owl Capital Inc.: