Blue Owl Capital Q1 distributable earnings rise 11%

2 articles · Updated · The Wall Street Journal · Apr 30

Revenue rose 10% to $753.8 million, assets under management increased 15% to $314.9 billion, and net profit nearly doubled to $15.5 million, beating FactSet distributable earnings estimates.
Fee-related earnings climbed to $393.6 million from $345.4 million a year earlier, as co-chief executives Doug Ostrover and Marc Lipschultz cited fundraising and continued capital deployment.
Earlier results showed Blue Owl relying on businesses including real assets to offset weaker private credit sentiment, with management saying current markets favour firms with patient, longer-duration capital.

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