Blue Owl Capital IncBlue Owl Capital Inc. reported a drop in fundraising from $12.1B to $7.6B, with credit business falling from $5.8B to $1.8B amid private credit turmoil.
Blue Owl Capital Inc. said fundraising slowed in the second quarter as turmoil in the private credit market caused investors to pull back from its lending business. The New York-based asset manager raised $7.6 billion in the three months through the end of June, compared with $12.1 billion for the same period a year ago. Within that total, funds raised in its credit business dropped from $5.8 billion to $1.8 billion. Still, Blue Owl reported a 9% increase in fee-related earnings to $392.2 million, ahead of analyst expectations, while assets under management rose 12% from a year ago to $319 billion. The firm posted a quarterly dividend of 23 cents a share.
Blue Owl Capital IncBlue Owl Capital Inc. reported a drop in fundraising from $12.1B to $7.6B, with credit business falling from $5.8B to $1.8B amid private credit turmoil.
Blue Owl Capital CorporationBlue Owl Capital Corporation is a related entity; fundraising slowdown in credit business indicates reduced investor demand for its lending products.
Ares Management LP
Apollo Global Management LLC Class A