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Diversify Advisory Services LLC grew its holdings in Blue Owl Capital Inc. (NYSE:OWL – Free Report) by 14.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 615,976 shares of the company’s stock after buying an additional 75,441 shares during the quarter. Diversify Advisory Services LLC’s holdings in Blue Owl Capital were worth $5,525,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. RDST Capital LLC increased its holdings in Blue Owl Capital by 22.1% in the 1st quarter. RDST Capital LLC now owns 7,648,935 shares of the company’s stock worth $69,835,000 after acquiring an additional 1,383,450 shares in the last quarter. Renaissance Technologies LLC raised its position in Blue Owl Capital by 2,107.1% during the first quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock worth $55,375,000 after acquiring an additional 5,790,400 shares during the period. Bank of New York Mellon Corp acquired a new position in Blue Owl Capital during the second quarter worth $54,883,000. Estuary Capital Management LP lifted its holdings in Blue Owl Capital by 338.9% during the first quarter. Estuary Capital Management LP now owns 4,197,297 shares of the company’s stock valued at $38,321,000 after purchasing an additional 3,241,040 shares in the last quarter. Finally, Lalia Capital LLC purchased a new position in Blue Owl Capital during the second quarter valued at $34,952,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance OWL opened at $9.15 on Thursday. The company’s 50 day simple moving average is $10.38 and its two-hundred day simple moving average is $9.93. Blue Owl Capital Inc. has a 1-year low of $7.95 and a 1-year high of $17.30. The firm has a market capitalization of $14.26 billion, a price-to-earnings ratio of 76.25, a price-to-earnings-growth ratio of 1.12 and a beta of 1.35.

Blue Owl Capital (NYSE:OWL – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $693.56 million for the quarter, compared to analysts’ expectations of $693.15 million. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. On average, equities analysts anticipate that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year. Blue Owl Capital Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a yield of 10.1%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

Analyst Upgrades and Downgrades OWL has been the topic of several research analyst reports. Oppenheimer lifted their target price on shares of Blue Owl Capital from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. TD Cowen upped their price target on shares of Blue Owl Capital from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. Capital One Financial set a $12.00 price target on shares of Blue Owl Capital in a research report on Monday, August 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Blue Owl Capital in a research note on Monday, September 14th. Finally, Credit Suisse Group set a $9.10 price objective on Blue Owl Capital in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.33.

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(Free Report)

Blue Owl Capital Inc (NYSE: OWL) is an alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals, and other clients. The company focuses on strategies designed to deliver income, long-term capital appreciation, and customized exposure to private markets.

Blue Owl operates across three primary platforms: Credit, GP Strategic Capital, and Real Estate. Its credit business provides private financing to companies, including direct lending and other asset-backed and specialty finance strategies.

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Executives at the private-credit giant have been trying to reassure employees, yet Blue Owl stock is down about 67% from its record high in January 2025.

SummaryThis diversified dividend portfolio targets a 4.67% weighted average yield and 7.14% three-year dividend growth CAGR, balancing income and growth.Schwab US Dividend Equity ETF forms the portfolio's core, complemented by high-yield funds (Cohen & Steers Quality Income Realty Fund, Blackstone Secured Lending Fund) and select equities with strong dividend growth or high payout potential.Stock selection is guided by The Allocation Compass' proprietary Risk-Reward Rating System, emphasizing risk-adjusted returns and sustainable dividend profiles.Strategic allocations favor companies like Meta, Microsoft, and PepsiCo for growth, while high-yield picks like Blue Owl Capital and VICI Properties boost income and diversification.Looking for a portfolio of ideas like this one? Members of The Allocation Compass get exclusive access to our subscriber-only portfolios. Learn More » radub85/iStock Editorial via Getty Images

Investment Thesis In today's article, I will present you a diversified dividend portfolio that balances dividend income and dividend growth and which counts on one ETF that blends dividend income and dividend growth, 10 high-yield dividend picks, and five companies with a strong

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Venture Visionary Partners LLC acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 396,722 shares of the company’s stock, valued at approximately $3,606,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in OWL. RDST Capital LLC grew its stake in shares of Blue Owl Capital by 22.1% in the 1st quarter. RDST Capital LLC now owns 7,648,935 shares of the company’s stock valued at $69,835,000 after buying an additional 1,383,450 shares during the period. Bank of New York Mellon Corp acquired a new position in Blue Owl Capital during the 2nd quarter worth approximately $54,883,000. Renaissance Technologies LLC boosted its holdings in Blue Owl Capital by 2,107.1% in the first quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock worth $55,375,000 after acquiring an additional 5,790,400 shares in the last quarter. Capital Research Global Investors boosted its holdings in Blue Owl Capital by 225.7% in the fourth quarter. Capital Research Global Investors now owns 4,299,836 shares of the company’s stock worth $64,240,000 after acquiring an additional 2,979,567 shares in the last quarter. Finally, Estuary Capital Management LP grew its stake in Blue Owl Capital by 338.9% in the first quarter. Estuary Capital Management LP now owns 4,197,297 shares of the company’s stock valued at $38,321,000 after acquiring an additional 3,241,040 shares during the period. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance OWL stock opened at $9.07 on Thursday. The business has a 50-day simple moving average of $10.84 and a two-hundred day simple moving average of $9.92. The company has a market capitalization of $14.15 billion, a P/E ratio of 75.63, a price-to-earnings-growth ratio of 1.07 and a beta of 1.35. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $17.33.

Blue Owl Capital (NYSE:OWL – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%.The firm had revenue of $693.56 million during the quarter, compared to the consensus estimate of $693.15 million. As a group, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year. Blue Owl Capital Announces Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a dividend of $0.23 per share. The ex-dividend date was Thursday, August 13th. This represents a $0.92 annualized dividend and a yield of 10.1%. Blue Owl Capital’s dividend payout ratio is 766.67%.

Wall Street Analysts Forecast Growth OWL has been the subject of several recent research reports. BMO Capital Markets boosted their price objective on Blue Owl Capital from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. The Goldman Sachs Group increased their target price on Blue Owl Capital from $9.50 to $10.50 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Capital One Financial set a $12.00 price target on shares of Blue Owl Capital in a research report on Monday, August 3rd. UBS Group restated a “neutral” rating and set a $9.50 price target on shares of Blue Owl Capital in a research note on Thursday, June 11th. Finally, TD Cowen restated a “buy” rating on shares of Blue Owl Capital in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average target price of $13.56.

Check Out Our Latest Stock Analysis on Blue Owl Capital

Blue Owl Capital Company Profile (Free Report)

Blue Owl Capital Inc (NYSE: OWL) is a global alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals and private wealth clients. The company manages capital across credit, real assets and other alternative investment strategies.

Its credit business focuses on areas such as direct lending, technology lending and opportunistic credit, providing financing to middle-market companies and other borrowers. Blue Owl’s GP Strategic Capital business supplies long-term capital solutions to private-market investment managers, while its real estate platform invests in strategies including net lease and real estate credit.

Blue Owl was formed in 2020 through the combination of Owl Rock Capital Partners and Dyal Capital Partners and became a publicly traded company in 2021.

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Blue Owl Capital Corporation trades at 72% of NAV, reflecting deep pessimism not matched by portfolio fundamentals. OBDC reset its base dividend to $0.31, now covered by adjusted NII, and offers a 12% base yield at current prices. Recent loan sales at near-par, strong liquidity, and active buybacks reinforce intrinsic value above the current market discount.

Redemption queues at Blue Owl are finally shrinking, giving private credit bulls a reason to breathe again. But with the 10-year Treasury pushing past 5%, the real stress test for a $2 trillion market may not have started yet.

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Blue Owl’s $4.2 Billion Withdrawal Figure Is Finally Shrinking In the third quarter of 2026, investors asked to pull $4.2 billion from two Blue Owl Capital (NYSE:OWL | OWL Price Prediction) funds. That is down from $4.7 billion in the second quarter, according to Reuters. At the flagship OCIC fund, withdrawal requests fell to 16.8% of shares from 18.8%. For most of this year, redemption queues were the main worry hanging over private credit. That pressure is now easing.

The relief reaches well beyond one firm. Private credit has become a major source of financing outside traditional banks, particularly for leveraged companies and increasingly capital-intensive technology businesses. The $4.2 billion figure tracks how many individual investors want their money back from non-traded vehicles, so it works as a sentiment gauge for the whole wealth channel.

What the Slowdown Means for Blue Owl The gross number makes fresh demand to exit look larger than it is. Major private-credit funds have applied a standard 5% redemption cap this year. Because of that cap, most requests at Blue Owl come from investors resubmitting tenders that went unfilled earlier. On the July 30, 2026 earnings call, management said the group requesting redemptions was largely unchanged from the prior quarter, with very limited new participation. For the second quarter in a row, 90% of OCIC investors requested no redemptions at all.

The weak spot is OTIC, Blue Owl’s technology-focused fund. There, repurchase requests reached 39% of shares (unchanged at $1.1 billion). That compares with 10% to 17% at the other largest non-traded BDC managers, and software makes up a major portion of OTIC’s portfolio.

The stressed products are a small part of a much larger firm. Co-CEO Marc Lipschultz said the wealth products in direct lending, which drew most of the examination, account for 11% of Blue Owl’s prepaid assets. Direct lending as a whole is about 35% of AUM, down from nearly half two years earlier. Total AUM reached $319 billion.

Shares Rose After a Long Slide Shares rose 1.56% on October 2, 2026, the day Reuters reported the figures, moving from $8.95 to $9.09. It was a small gain after a long decline. The stock is down 21.72% over the past month, 35.34% year to date and 38.91% over the past year. Shares traded at $9.56 when Blue Owl filed its second-quarter results.

Bull Case The business behind the stock keeps growing. Blue Owl holds $31.1 billion of AUM that does not yet pay fees. Once that capital is deployed, it represents roughly $380 million in expected annual management fees. Lipschultz said the money is “coming into the P&L without trying to take a position on exactly when activity levels rise.” Management expects management fees to grow in each of the next two quarters, and it expects the 2027 growth rate to beat 2026’s.

Second-quarter revenue of $753.05 million beat the $687.73 million consensus. Distributable earnings of $0.22 per share exceeded the $0.2162 estimate. The fee-related earnings margin rose to 58.5% from 57.0%, and the 2026 dividend is set at $0.92 per share. Credit has held up: the average annual realized loss rate is 12 basis points, and institutional flows rose more than 30% year over year.

As a counterweight, GAAP net income attributable to Class A shareholders fell 35% to $11.39 million, weighed down by higher compensation and earnout adjustments. Analyst Glenn Schorr also pointed to a slowdown in new subscriptions as the “more prolonged issue”.

Refinancing Risk Is the Next Test for Blue Owl Falling redemption requests ease the short-term pressure on cash. The larger question is what happens when loans made in easier conditions must be refinanced at today’s rates. The 10-year Treasury yield stood at 5.24% on October 1, up from 4.77% on September 3. The fed funds upper bound moved back to 4.00% from 3.75%. Management gave no specific refinancing-loss outlook. Lipschultz did say Blue Owl is “prepared for some normalization off of very low loss rates.” The non-accrual rate at Blue Owl Capital Corp. (NYSE:OBDC) is 1.0%, and that is the figure long-term holders should track.

Two near-term markers stand out: management expects to report attractive third-quarter fundraising, and its next digital-infrastructure flagship fund is aiming a first close in the second half of 2026 with a $10 billion goal. The redemption line is improving. The next test is whether borrowers can handle 5% Treasury yields.

Contact [email protected] for any questions or corrections.

Investors move to pull another $4.2 billion from two funds.

, /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC) ("OBDC") today announced it will release its financial results for the third quarter ended September 30, 2026 on Wednesday, November 4, 2026 after market close. OBDC invites all interested persons to its webcast / conference call on Thursday, November 5, 2026 at 10:00 a.m. Eastern Time to discuss its third quarter ended September 30, 2026 financial results.

Conference Call Information:

The conference call will be broadcast live at 10:00 a.m. Eastern Time on the News & Events section of OBDC's website at www.blueowlcapitalcorporation.com. To pre-register for the call, please click here. Please visit the website to test your connection before the webcast.

Participants are also invited to access the conference call by dialing one of the following numbers:

Domestic: (877) 737-7048

International: +1 (201) 689-8523

All callers will need to reference "Blue Owl Capital Corporation" 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.

Replay Information:

An archived replay will be available via a webcast link located on the News & Events section of OBDC's website for one year, and via the dial-in numbers listed below for 14 days:

Domestic: (877) 660-6853

International: +1 (201) 612-7415

Access Code: 13763100

About Blue Owl Capital Corporation

Blue Owl Capital Corporation (NYSE: OBDC) is a specialty finance company focused on lending to U.S. middle-market companies. As of June 30, 2026, OBDC had investments in 229 portfolio companies with an aggregate fair value of $15.0 billion. OBDC has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. OBDC is externally managed by Blue Owl Credit Advisors LLC, an SEC-registered investment adviser that is an indirect affiliate of Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL) and is a part of Blue Owl's Credit platform.

Certain information contained herein may constitute "forward-looking statements" that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about OBDC, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as "anticipates," "expects," "intends," "plans," "will," "may," "continue," "believes," "seeks," "estimates," "would," "could," "should," "targets," "projects," "outlook," "potential," "predicts" and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond OBDC's control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in OBDC's filings with the SEC. Investors should not place undue reliance on these forward-looking statements, which apply only as of the date on which OBDC makes them. OBDC does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.

Investor Contact:
BDC Investor Relations
Michael Mosticchio
[email protected] 

Media Contact:
Head of Communications
Andrew Williams
[email protected]

SOURCE Blue Owl Capital Corporation

Blue Owl Capital Inc. (NYSE:OWL – Get Free Report) has received a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $13.77.

A number of research firms have recently issued reports on OWL. The Goldman Sachs Group lifted their price objective on shares of Blue Owl Capital from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Citizens Jmp lowered their price target on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Capital One Financial set a $12.00 price target on shares of Blue Owl Capital in a research note on Monday, August 3rd. Barclays boosted their price objective on shares of Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, HSBC set a $17.00 target price on Blue Owl Capital in a research note on Thursday, September 24th.

Get Our Latest Stock Report on OWL

Blue Owl Capital Price Performance Shares of NYSE OWL opened at $9.09 on Thursday. Blue Owl Capital has a 1-year low of $7.95 and a 1-year high of $17.33. The business has a 50-day moving average of $10.89 and a 200-day moving average of $9.92. The company has a market capitalization of $14.18 billion, a price-to-earnings ratio of 75.78, a PEG ratio of 1.02 and a beta of 1.22. Blue Owl Capital (NYSE:OWL – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $693.56 million for the quarter, compared to the consensus estimate of $693.15 million. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. Research analysts expect that Blue Owl Capital will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date was Thursday, August 13th. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

Hedge Funds Weigh In On Blue Owl Capital Institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. grew its position in shares of Blue Owl Capital by 47.9% during the second quarter. QRG Capital Management Inc. now owns 472,852 shares of the company’s stock worth $4,137,000 after buying an additional 153,089 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Blue Owl Capital by 38.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 22,173 shares of the company’s stock valued at $194,000 after acquiring an additional 6,198 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Blue Owl Capital by 104.0% in the second quarter. Sequoia Financial Advisors LLC now owns 31,649 shares of the company’s stock valued at $277,000 after acquiring an additional 16,135 shares in the last quarter. Engineers Gate Manager LP boosted its stake in Blue Owl Capital by 47.1% during the 2nd quarter. Engineers Gate Manager LP now owns 443,312 shares of the company’s stock valued at $3,879,000 after acquiring an additional 141,865 shares during the last quarter. Finally, Concorde Asset Management LLC bought a new position in Blue Owl Capital during the 2nd quarter valued at $596,000. 35.85% of the stock is owned by institutional investors and hedge funds.

(Get Free Report)

Blue Owl Capital Inc (NYSE: OWL) is a global alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals and private wealth clients. The company manages capital across credit, real assets and other alternative investment strategies.

Its credit business focuses on areas such as direct lending, technology lending and opportunistic credit, providing financing to middle-market companies and other borrowers. Blue Owl’s GP Strategic Capital business supplies long-term capital solutions to private-market investment managers, while its real estate platform invests in strategies including net lease and real estate credit.

Blue Owl was formed in 2020 through the combination of Owl Rock Capital Partners and Dyal Capital Partners and became a publicly traded company in 2021.

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Blue Owl Capital offers a compelling buy opportunity, trading at a steep discount with a 9.8% dividend yield and strong underlying business fundamentals. OWL's $31.1B in committed, yet-to-be-deployed capital provides 15% embedded management fee growth, supporting future earnings and dividend coverage improvements. Record AUM of $319B, 9% distributable earnings growth, and fee growth in net lease and digital infrastructure segments diversify OWL's revenue base beyond direct lending.

Blue Owl Capital (OWL +0.76%) made headlines earlier in 2026 when it limited withdrawals from some of the non-traded private credit funds it oversees. That left investors worried about Blue Owl Capital's asset management business model. At this point, the stock has fallen roughly 45% from its 52-week high, pushing the dividend yield up to a lofty 9%. Here's how investors should be thinking about the dividend today.

Blue Owl Capital has only been public for a few years Blue Owl Capital went public through a merger with a special purpose acquisition corporation (SPAC) in mid 2021. That date is notable because it means the company's history as a public business is only about five years long. There's no history to look back on for what investors might expect during a deep recession or bear market. It isn't unreasonable to wonder whether the 9% yield is safe given the stock's decline, current economic uncertainty, high inflation, and geopolitical conflicts worldwide.

Image source: Getty Images.

From a purely numbers perspective, investors should be worried: The second quarter dividend was $0.23 per share, but the company's distributable earnings were only $0.22 per share. That was actually an improvement over the first quarter, when the dividend was the same, but distributable earnings were only $0.19 per share.

That said, the company generated $0.24 in distributable earnings in the fourth quarter of 2025, which suggests it has the capacity to cover the dividend, even if it isn't doing so right now. Notably, the company has been growing its assets under management since it came public, increasing the base on which it collects management fees. It has also been diversifying the types of investment products it offers, creating more levers for growth. Both suggest the company is moving in the right direction as a business.

Premium Feature

Moneyball Superscore

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Dividend caution is warranted, even for aggressive investors Still, for risk-averse dividend investors, Blue Owl Capital probably isn't a good investment option. While the company has increased its dividend every year since coming public, the dividend may have grown too much too quickly. There is clearly some strain, and the company has yet to face real economic or market adversity as a public entity.

For more aggressive investors, the company's fee-based business is growing and diversifying, which is good news. Still, trading with caution is appropriate because if asset values fall materially, perhaps during a recession or bear market, the company's fee income will decline as well. That's how the asset management business works, and it could put the dividend under even greater strain than it is today.

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Oracle just sent a force majeure letter to its lender on a piece of the $165 billion Stargate campus, and Blue Owl is the one absorbing the paperwork risk while its stock sits near a one-year low.

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On the morning of September 24, 2026, Oracle (NYSE:ORCL | ORCL Price Prediction) sent a force majeure letter to Blue Owl Capital (NYSE:OWL) tied to the New Mexico piece of its $165 billion Stargate campus across Texas, New Mexico, and Ohio. Oracle told CNBC the project remains on schedule and that the notice is not a cancellation.

The market read the story as an Oracle problem, but Oracle shares were down 5.02% at $137.31, but the paperwork risk landed on the lender. Blue Owl, already bruised, traded at $9.20, down 4.22% on the session, down 21.23% over one month and down 46.7% over one year.

What the Letter Actually Covers Per CNBC’s Seema Mody, the notice is “by no means a cancellation” but “a way for oracle to sort of reiterate its contractual rights” and “to understand the obligations, the financial obligations tied to this $165 billion campus” should local pushback extend beyond six to nine months. The New Mexico site faces issues on three fronts: water, power, and air, with a permit still pending.

Undisclosed: Blue Owl’s specific dollar exposure to the New Mexico piece (an earlier CNBC segment characterized the underlying project at $18 billion), the fund vehicle holding it, and any Blue Owl response as of publication.

Read-Through by Ticker Blue Owl (NYSE:OWL) has market cap of $6.29 billion. Its real assets platform reported $89.4 billion in AUM, up 25% year over year, driven by digital infrastructure and net lease. On August 28, 2026, its managed funds led a $2.4 billion AI factory financing for IREN. The firm has publicly framed its data-center book as “an IG business” with non-investment-grade exposure “essentially inconsequential.” A force majeure invocation on a flagship Stargate parcel tests that framing publicly for the first time.

Oracle (NYSE:ORCL) has market cap of $415.31 billion. Q1 FY2027 delivered $19.345 billion in revenue, up 29.6%, with Remaining Performance Obligations of $664 billion. On the September 10 call, management said “neither Shackleford nor New Mexico or Wisconsin or Michigan were delivered in Q1” and “All of our eggs are not in a single basket.” A single site slipping is not a catalyst against that RPO base. The stock is down 55.75% over one year, reflecting valuation reset, not this letter.

Reality Check Blue Owl has been leaning into AI credit as private credit stress widens. The private credit default rate rose to a record 6.3% in the 12 months through August, per CNBC on September 15, 2026. Management said on the July call it was “prepared for some normalization off of very low loss rates,” but a hyperscaler formally invoking contract relief on a lender-financed campus is a category the transcript did not contemplate. Notably absent from Oracle’s earnings call: any mention of a force majeure letter, and no reference to Oracle in Blue Owl’s Q2 commentary on the same portfolio.

Oracle’s counter framing is that the letter is a contractual bookkeeping shield. That is plausible given the RPO backlog. It also does not make the lender’s problem smaller if permitting drags. The financiers, power suppliers, and cooling vendors sitting behind these campuses are where the real AI buildout risk lives (we profiled seven of them in a free report you can grab here).

Does This Change the Blue Owl Thesis? Blue Owl’s growth story has been digital infrastructure credit at scale. Today’s letter is the first public data point that the counterparty will use contractual mechanics when a site hits regulatory friction. Watch for an 8-K from Blue Owl disclosing exposure to the New Mexico project, or a Q3 earnings report (Blue Owl last filed an 8-K on July 30, 2026 at $9.56) that quantifies the specific fund exposure. If OWL breaks and holds below $9.00 before that filing arrives, the market has already decided the answer.

Contact [email protected] for any questions or corrections.

Blue Owl Capital remains a Buy, with improved sentiment, stable credit quality, and supportive valuations despite macro and rate headwinds. Redemption pressures are fading, with OCIC loan repayments covering requests by ~3x and evergreen inflows rebounding, reducing forced asset sale risks. Credit FRE management fees face a temporary drag, but committed, undeployed capital and diversification support a visible path to fee growth and dividend coverage.

Acquiring Portfolio of 34 Bank Branches from Investment Grade Counterparty

, /PRNewswire/ -- Blue Owl Capital Inc. (NYSE: OWL) ("Blue Owl"), a leading alternative asset manager, today announced that funds managed by its Real Assets platform have completed the acquisition of 34 bank branch properties owned by Trustmark Corporation ("Trustmark").

The transaction expands Blue Owl Real Assets' portfolio of net lease properties with a diversified collection of bank branches across Mississippi, Florida, Tennessee, Alabama, and Texas. Concurrent with the acquisition, Trustmark entered into long-term, triple net leases for all 34 properties, providing Blue Owl with contractual rental income backed by an established financial institution.

This transaction builds on Blue Owl's deep expertise executing bank branch sale-leasebacks with quality counterparties. Trustmark carries an investment grade credit rating of BBB+ from S&P and benefits from a stable deposit base, consistent core profitability, and sound asset quality.

"Banks today are looking at their balance sheets through a much more strategic lens, and transactions like this demonstrate how institutions can unlock value from their real estate while simultaneously optimizing other parts of the balance sheet," said Marc Zahr, Co-President of Blue Owl and Global Head of Real Assets. "We believe that combination can be particularly compelling for banks evaluating how to put capital to work more efficiently in today's rate environment."

"One of Trustmark's primary goals, always, is to maximize the efficiency of our capital. Working with Blue Owl has allowed us to transform static brick-and-mortar equity into dynamic balance sheet strength," commented Duane Dewey, Trustmark's Chief Executive Officer. "By strategically matching the capital gains from these properties against our portfolio restructuring, we have strengthened our net interest margin and better positioned the company's balance sheet for the future, all with no disruption to our localized customer experience."

Each lease has an initial term of 15 years, with three consecutive five-year renewal options.

About Blue Owl Capital Inc.

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With $319 billion in assets under management as of June 30, 2026, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. 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 1,380 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com or LinkedIn: https://www.linkedin.com/company/blue-owl-capital.

About Trustmark

Trustmark Corporation is a financial services company providing banking and financial solutions through offices in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. Visit trustmark.com for more information.

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; 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.

Blue Owl Investor Contact
Ann Dai
Head of Investor Relations
[email protected]

Blue Owl Media Contact
[email protected] 

Trustmark Contact
Melanie Morgan
Director of Corporate
Communications & Marketing
601.208.2979
[email protected]

SOURCE Blue Owl Capital

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Buy BDCs on rate-hike fear

Buy Ares Capital (ARCC) and Main Street Capital (MAIN). The obvious reaction is “rates up = good for floating loans,” but the real setup is that the selloff is driven by fear of longer-lasting higher rates and oil-driven stress. If the Fed hikes but growth holds, these BDCs’ floating coupons reprice upward while credit losses lag, creating a delayed earnings rebound.

Key Risk: Portfolio-company refinancing and cash-flow break under sustained high rates, forcing dividend cuts and mark-to-market losses.

Sell OWL / Buy BIZD

Sell Blue Owl Capital (OWL). The article shows a sharp drawdown and “substantial resistance” as Fed-hike odds jumped to ~80–85%. Even if floating-rate income helps, the market is pricing near-term credit stress from higher rates plus rising oil. Buy VanEck BDC Income ETF (BIZD) instead: it’s diversified across multiple BDCs, so single-name drawdowns from portfolio-company defaults are less damaging, and the floating-rate model still benefits if spreads hold.

Key Risk: Defaults rise faster than spreads can offset, hitting the whole BDC/private-credit complex, not just OWL.

Top companies in the private credit industry have pulled back over the past few days as investors reassessed their outlook on the Federal Reserve. Most have fallen into correction territory, dropping more than 10% from their recent highs. This article examines how the Fed's next move could affect these stocks.

The biggest companies in the private credit industry are struggling, with their recent attempts to rebound facing substantial resistance. Blue Owl Capital OWL ended last week at $10.56 and has dropped by 56% from its highest level in January last year. This retreat has seen its market capitalization fall from $40 billion to $16.4 billion. 

KKR, the private equity pioneer that has also become a big name in the private credit sector, ended at $101, down by 13% from its highest level in August. Other companies like Apollo Global Management, Blackstone, and Ares have also dropped. 

Notably, the VanEck BDC Income ETF (BIZD) dropped to $13, down by over 4% from its highest point in August this year. This fund tracks the biggest business development companies in the US, including Ares Capital, Main Street Capital, Hercules Capital, Golub Capital, and Sixth Street Specialty Lending. 

The main reason why these private credit stocks have retreated is that investors now expect that the Federal Reserve will hike interest rates in the upcoming meeting. Odds of this hike happening rose to over 80% on Polymarket and Kalshi. The same is happening on CME, where the FedWatch tool has jumped to 85%.

These odds jumped after the US released the recent macro numbers. For example, the report showed that the economy created 162k jobs last month, while the unemployment rate remained unchanged at 4.1%. 

Another data showed that inflation remained at an elevated level last month. The headline consumer inflation remained at 3.4%, while the core figure rose slightly on a month-on-month basis. 

In theory, the Fed rate hikes should be bullish for companies in the private credit industry. That’s because these companies offer their loans on a floating rate, which is based on the Secured Overnight Financing Rate (SOFR). 

In this, the interest rate they charge is usually calculated as SOFR plus a spread. As such, as interest rates rise, the profits they make are usually higher.

The challenge, however, is that higher interest rates, especially for a long time, normally affects the portfolio companies. Also, this is happening at a time when crude oil prices are in a strong upward trend. Gasoline jumped to $4.31, while diesel has jumped to a record high of over $6.1. 

Therefore, there is a risk that the higher rates and oil prices will lead to higher default rates in the coming months. This is happening at a time when many investors are redeeming their capital from private credit funds, including those run by companies like Blue Owl, Apollo, and Morgan Stanley.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.

#1 (Strong Buy) stocks have produced an unmatched +23.8% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Blue Owl Capital Inc. (OWL - Free Report) Blue Owl Capital Inc. is a global alternative asset manager that deploys private capital across credit, real assets, and GP strategic capital strategies for institutional and private wealth clients. The company is a Delaware corporation formed in May 2021 through the combination of Owl Rock and Dyal Capital, and it has expanded its platform through acquisitions, including Oak Street (2021), Wellfleet (2022), Par Four and CHI (2023), Prima, KAM, Atalaya (2024), and IPI (2025).

OWL is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Momentum investors should take note of this Finance stock. OWL has a Momentum Style Score of A, and shares are up 0.9% over the past four weeks.

For fiscal 2026, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $0.88 per share. OWL boasts an average earnings surprise of +2.3%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, OWL should be on investors' short list.

Third financing since June 30 brings total debt financing raised to $800 million, further strengthening OTF's liquidity and financial flexibility

, /PRNewswire/ -- Blue Owl Technology Finance Corp. (NYSE: OTF) ("OTF") today announced the closing of a private placement of $150 million aggregate principal amount of 7.60% senior unsecured notes due September 3, 2032 (the "Notes").

This transaction marks OTF's third financing since June 30, 2026, bringing total debt capital raised during the period to $800 million. In August, OTF issued an additional $400 million of its 6.500% notes due 2029. OTF also raised $250 million through a special purpose vehicle facility secured by a pool of portfolio investments.

"OTF's portfolio continues to perform well, with one of the lowest non-accrual rates in the BDC sector, and we continue to see strong support from both debt investors and our bank partners," said Craig W. Packer, Chief Executive Officer. "We have raised $800 million of debt financing since quarter-end through unsecured notes and an SPV facility, which further strengthens and diversifies our funding base. This added flexibility positions us to grow the portfolio and capitalize on an increasingly attractive environment for technology investing while maintaining our underwriting discipline that has defined OTF's performance."

During the second quarter, OTF issued $500 million of its 6.500% notes due 2029, added $150 million of secured financing and extended its $2.7 billion revolving credit facility. Every existing bank partner renewed its revolver commitment, and OTF added a new lending relationship that provided incremental financing capacity. OTF ended the quarter with more than $2 billion of cash and available capacity across its credit facilities and repaid its notes due June 2026 at maturity.

The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws and were offered and sold in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities. 

About Blue Owl Technology Finance Corp.

Blue Owl Technology Finance Corp. (NYSE: OTF) is a specialty finance company focused on making debt and equity investments to U.S. technology-related companies, with a strategic focus on software. As of June 30, 2026, OTF had investments in 205 portfolio companies with an aggregate fair value of $14.7 billion. OTF has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. OTF is externally managed by Blue Owl Technology Credit Advisors LLC, an SEC-registered investment adviser that is an indirect affiliate of Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL) and part of Blue Owl's Credit platform.

Certain information contained herein may constitute "forward-looking statements" that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about OTF, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as "anticipates," "expects," "intends," "plans," "will," "may," "continue," "believes," "seeks," "estimates," "would," "could," "should," "targets," "projects," "outlook," "potential," "predicts" and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond OTF's control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in OTF's filings with the SEC. Investors should not place undue reliance on these forward-looking statements, which apply only as of the date on which OTF makes them. OTF does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.

Investor Contact:

BDC Investor Relations
Michael Mosticchio
[email protected]

Media Contact:

Head of Communications
Andrew Williams
[email protected]

SOURCE Blue Owl Technology Finance Corp.

Blue Owl Capital Corp remains a HOLD, offering an 11.0% yield with a recently reset, but barely covered, dividend. NAV per share has declined for eight consecutive quarters, with the aggregate mark falling below par and non-accruals at a two-year high. Leverage is at a two-year low, two-thirds of debt is unsecured, and $220 million in stock has been repurchased, reflecting a materially improved balance sheet.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

High-yield dividend stocks are rather common. But there's a big difference between a stock offering a big yield and one that can actually deliver reliable income, year after year. Otherwise, you can just buy any old penny stock with a triple-digit yield and watch your capital pay for your mistake.

That's why it's important to be picky with your high-yield picks. And the good news is, plenty of great companies offer double-digit yields while leaving room for growth.

Image source: Getty Images.

With September just around the corner, here are three stocks that stand out for investors looking to buy and hold for the long haul.

Annaly Capital Management: A 12% yield mortgage REIT First off is Annaly Capital Management (NLY -0.09%), a mortgage real estate investment trust (mREIT) that works off of mortgage-backed securities and other real estate-related assets. Now, you can read all about the REIT's business model from their website, but the important thing to know here is that the company's strategy has historically produced a high dividend yield. Today, that's around 12%.

Yes, 12%. That wasn't a typo.

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Of course, a yield that high doesn't come without trade-offs. Annaly's earnings and book value can be sensitive to interest rates, borrowing costs, mortgage spreads, and broader conditions in the housing and credit markets.

Its dividends can also fluctuate significantly; that's just how REIT dividends go, though they've generally trended upward over the last couple of years.

Plus, for investors looking for a good high-yield pick with decent growth potential, it's tough to beat Annaly's combination of double-digit yields and a consensus "moderate buy" rating.

Ares Capital Corp: 17 years of consistent dividends Ares Capital Corp (ARCC +0.35%) is not a REIT; it's a business development company (BDC) that lends money to small- and mid-sized businesses through debt investments. Ares generates revenue from the interest and fees it collects from its portfolio companies.

For BDCs, diversification is just as important as company quality. I'd say that Ares' portfolio is quite diversified, with an understandable focus on Software & Services. That's historically an attractive sector, after all.

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Ares Capital offers just under a 10% forward yield and boasts that it has maintained or increased its dividend payouts for over 17 years. That is not bad at all.

As with Annaly, Wall Street rates Ares Capital Corp a moderate buy, with modest upside.

Blue Owl Capital: A near 8% yield with room to grow Last but not least is Blue Owl Capital Inc (OWL +0.00%), the alternative asset management company, not to be confused with Blue Owl Capital Corporation, the BDC, though the latter is part of the former's credit platform.

Blue Owl, the asset manager, specializes in private credit, GP (general partner) strategic capital, and real assets. The company has a substantial asset base that generates recurring management fees, providing a relatively predictable stream of revenue.

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In terms of dividends, the company pays almost an 8% forward yield. It might be the lowest on this list, but it's practically light years ahead of your typical dividend stock. It's also raised dividends over the last five years, making it a solid pick for those looking for reliable income and dividend growth.

And lastly, a consensus among analysts rates Blue Owl Capital Inc a moderate buy.

Final thoughts Annaly, Ares Capital, and Blue Owl prove that high yields and quality aren't mutually exclusive. Sure, REIT and BDC picks come with risks, particularly sensitivity to interest rates and broader market conditions. But all three companies currently offer elevated dividend yields backed by diversified portfolios or investment platforms.

For income-focused investors looking to put money to work in September and who aren't squeamish about moderate volatility, these three offer an attractive mix of substantial income and potential growth.

Blue Owl remains a Strong Buy, supported by robust growth, high margins, and an attractive 14x distributable earnings multiple. Fears over OWL's private credit exposure have proven overblown, with the credit portfolio showing just a 12 basis point average annual loss rate. OWL's diversified platform, $30B+ in dry powder, and high-margin fee streams underpin a compelling total return profile of 20%+ annually.

Blue Owl remains a compelling deep value opportunity, with fundamentals improving and a strong rebound from prior market pessimism. OWL's real assets segment is driving growth, with 44% revenue growth over twelve months and expectations for continued outperformance. Distributable earnings are approaching full dividend coverage, with management guiding to beat consensus and cover the dividend by year-end.

SAN FRANCISCO, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Girard Sharp, LLP, a national investment, securities, and class action firm, announces an investigation of potential securities claims on behalf of former Blue Owl Technology Finance Corp. II (“Blue Owl Technology II”) investors who received shares of Blue Owl Technology Finance Corp. (“Blue Owl Technology”) in connection with Blue Owl Technology's merger with Blue Owl Technology II on March 24, 2025.

, /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL) today announced that its indirect subsidiary, Blue Owl Finance LLC, intends to offer 10-year senior unsecured notes (the "notes"), subject to market and other conditions. The notes will be fully and unconditionally guaranteed by each of Blue Owl, Blue Owl Capital GP Holdings LLC, Blue Owl Capital GP LLC, Blue Owl Capital Holdings LP, Blue Owl Capital Carry LP, Blue Owl Capital Group LLC, Blue Owl GPSC Holdings LLC, Blue Owl Capital GP Holdings LP, Blue Owl GP Stakes GP Holdings LLC, Blue Owl Real Estate Holdings LP, Blue Owl Real Estate GP Holdings LLC and Blue Owl Capital Holdings LLC. Blue Owl intends to use the net proceeds from this offering to repay a portion of outstanding borrowings under its revolving credit facility.

BofA Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers.

The notes are being offered pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission (the "SEC") and only by means of a prospectus and prospectus supplement. An electronic copy of the prospectus supplement, together with the accompanying prospectus, is available on the SEC's website at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying prospectus may be obtained by contacting the joint book-running managers: BofA Securities, Inc., NC1-004-03-43, Attn: Prospectus Department, 200 North College Street, 3rd floor, Charlotte NC 8255-0001, Email: [email protected]; Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, Email: [email protected], Telephone: (866) 471-2526; or Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With $319 billion in assets under management as of June 30, 2026, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. 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 1,380 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional.

Forward-Looking Statements

Certain statements made in this release, including those relating to the timing, size and other terms of the offering, 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; 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
[email protected] 

Media Contact
[email protected] 

SOURCE Blue Owl Capital