NEW
YORK, Nov. 2, 2023 /PRNewswire/ -- Blue Owl
Capital Inc. (NYSE: OWL) ("Blue Owl") today reported its financial
results for the third quarter ended September 30, 2023.
"Blue Owl continued to demonstrate the stability and resilience
of our business model through challenging and rapidly changing
market conditions, generating sequential management fee growth in
every quarter since we've been a public company," said Doug Ostrover and Marc
Lipschultz, Co-CEOs of Blue Owl. "In addition to the
predictability and durability of these fee streams, the growth has
been extraordinary – over 40% per year over that time frame. It is
clear to us that Blue Owl remains well-positioned to benefit from
investors' desire for differentiated product offerings, predictable
income, and downside protection, and we continue to see the results
of this demand across our growing global institutional and wealth
footprint."
Blue Owl issued its full detailed presentation of its third
quarter ended September 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
November 30, 2023, to shareholders of record at the close of
business on November 20, 2023.
Quarterly Investor Call Details:
Blue Owl will host its third quarter 2023 investor call via
public webcast on November 2, 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 $157 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 650 experienced professionals in more
than 10 offices globally, Blue Owl brings the vision and discipline
to create the exceptional. To learn more, visit
www.blueowl.com
1 As of September 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
View original
content:https://www.prnewswire.com/news-releases/blue-owl-capital-inc-third-quarter-2023-results-301974869.html
SOURCE Blue Owl Capital