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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.

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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.

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#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.

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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.

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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.

112 Followers

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.

Premium Feature

Moneyball Superscore

71/100

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(

-0.09

%) $

-0.02

Current Price

$

23.04

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.

Today's Change

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0.35

%) $

0.07

Current Price

$

19.95

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.

Premium Feature

Moneyball Superscore

66/100

Today's Change

(

0.00

%) $

0.00

Current Price

$

12.02

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

14.02K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of OWL, ARES, APO either through stock ownership, options, or other derivatives. 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.

, /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC) ("OBDC" or the "Company") today announced financial results for its second quarter ended  June 30, 2026.

SECOND QUARTER 2026 HIGHLIGHTS

Second quarter GAAP net investment income ("NII") per share of $0.36 Second quarter adjusted NII per share(1) increased to $0.34, as compared to the prior quarter of $0.31 Based on OBDC's supplemental dividend framework, the Board of Directors (the "Board") declared a second quarter supplemental dividend of $0.02 per share Dividends declared totaled $0.33 per share, representing an annualized dividend yield of 9.3%(2) Net asset value ("NAV") per share of $14.26, as compared to $14.41 as of March 31, 2026, primarily reflecting markdowns on a small number of names, partially offset by over-earning the dividend and accretive share repurchases New investment commitments for the second quarter were $319 million and sales and repayments were $747 million Investments on non-accrual represented 2.8% and 0.8% of the portfolio at cost and fair value, respectively, as compared to 2.0% and 1.0% as of March 31, 2026 The Company repurchased approximately $35 million of OBDC common stock, which was accretive to NAV per share in the second quarter Amended and extended the revolving credit facility with all banking partners renewing commitments and issued $800 million of unsecured debt during the second quarter "We are pleased with OBDC's performance this quarter, generating strong earnings resulting in a 9.6% annualized return on adjusted net investment income and healthy dividend coverage. Portfolio company operating trends remained stable, and credit performance continued to track in line with expectations," said Craig W. Packer, Chief Executive Officer. "As market conditions continue to stabilize and investment opportunities become increasingly attractive, we believe OBDC is well positioned to deploy capital selectively. With leverage at a two-year low and a strong liquidity profile, we have meaningful flexibility to capitalize on compelling investment opportunities as we focus on delivering attractive risk-adjusted returns for shareholders."

Dividend Declaration
On August 4, 2026 the Board declared a third quarter 2026 base dividend of $0.31 per share for stockholders of record as of September 30, 2026, payable on or before October 15, 2026.

The Board also declared a second quarter 2026 supplemental dividend of $0.02 per share, related to the Company's second quarter 2026 earnings, for stockholders of record as of August 31, 2026, payable on or before September 15, 2026.

(1)

See Non-GAAP Financial Measures for a description of the non-GAAP measures and the reconciliations from the most comparable GAAP financial measures to the Company's non-GAAP measures, including on a per share basis. The Company's management utilizes these non-GAAP financial measures to internally analyze and assess financial results and performance. These measures are also considered useful by management as an additional resource for investors to evaluate the Company's ongoing results and trends, as well as its performance, excluding non-cash income or gains related to the merger between the Company and Blue Owl Capital Corp. III ("OBDE") (such merger, the "OBDE Merger"), which closed on January 13, 2025. The presentation of non-GAAP measures is not intended to be a substitute for financial results prepared in accordance with GAAP and should not be considered in isolation.

(2)

Dividend yield based on OBDC's annualized Q2'26 base dividend of $0.31 per share payable to shareholders of record as of June 30, 2026, annualized Q2'26 supplemental dividend of $0.02 per share payable to shareholders of record as of August 31, 2026, and Q2'26 NAV per share of $14.26 less Q2'26 supplemental dividend per share of $0.02.

SELECT FINANCIAL HIGHLIGHTS

As of and for the Three Months Ended

($ in thousands, except per share amounts)

June 30, 2026

March 31, 2026

June 30, 2025

GAAP results:

   Net investment income per share

$             0.36

$             0.32

$              0.42

   Net realized and unrealized gains (losses) per share

$            (0.22)

$            (0.37)

$             (0.15)

   Net increase (decrease) in net assets resulting from operations per share

$             0.13

$            (0.05)

$              0.27

Non-GAAP financial measures(1):

   Adjusted net investment income per share

$             0.34

$             0.31

$              0.40

   Adjusted net realized and unrealized gains (losses) per share

$            (0.21)

$            (0.36)

$             (0.13)

   Adjusted net increase (decrease) in net assets resulting from operations per share

$             0.13

$            (0.05)

$              0.27

Base dividend declared per share

$             0.31

$              0.37

$              0.37

Supplemental dividend declared per share

$             0.02

$                 —

$              0.02

Total investments at fair value

$      14,955,049

$      15,344,201

$       16,868,782

Total debt outstanding (net of unamortized debt issuance costs)

$        7,903,533

$       8,454,559

$        9,225,817

Net assets

$        7,031,759

$       7,154,000

$        7,682,397

Net asset value per share

$               14.26

$              14.41

$               15.03

Net debt-to-equity

1.11x

1.13x

1.17x

(1)

See Non-GAAP Financial Measures for a description of the non-GAAP measures and the reconciliations from the most comparable GAAP financial measures to the Company's non-GAAP measures, including on a per share basis. The Company's management utilizes these non-GAAP financial measures to internally analyze and assess financial results and performance. These measures are also considered useful by management as an additional resource for investors to evaluate the Company's ongoing results and trends, as well as its performance, excluding non-cash income or gains related to the OBDE Merger. The presentation of non-GAAP measures is not intended to be a substitute for financial results prepared in accordance with GAAP and should not be considered in isolation.

PORTFOLIO COMPOSITION

As of June 30, 2026, the Company had investments in 229 portfolio companies across 30 industries, with an aggregate portfolio size of $15.0 billion at fair value and an average investment size of $65.3 million at fair value.

June 30, 2026

March 31, 2026

($ in thousands)

Fair Value

% of Total

Fair Value

% of Total

Portfolio composition:

First-lien senior secured debt investments1

$      10,937,849

73.2 %

$    11,035,403

72.1 %

Second-lien senior secured debt investments

674,223

4.5 %

773,357

5.0 %

Unsecured debt investments

377,224

2.5 %

369,374

2.4 %

Specialty finance debt investments

171,254

1.1 %

159,598

1.0 %

Preferred equity investments

262,536

1.8 %

536,853

3.5 %

Common equity investments

714,693

4.8 %

665,746

4.3 %

Specialty finance equity

1,426,590

9.5 %

1,414,987

9.2 %

Joint ventures

390,680

2.6 %

388,883

2.5 %

Total investments

$      14,955,049

100.0 %

$    15,344,201

100.0 %

(1)

The Company considers 52% and 51% of first-lien senior secured debt investments to be unitranche loans as of June 30, 2026 and March 31, 2026, respectively.

June 30, 2026

March 31, 2026

Number of portfolio companies

229

230

Percentage of debt investments at floating rates

96.0 %

96.1 %

Percentage of senior secured debt investments

78.8 %

78.1 %

Weighted average spread over base rate of floating rate debt investments

5.6 %

5.6 %

Weighted average total yield of accruing debt and income-producing securities at fair value

9.9 %

10.0 %

Weighted average total yield of accruing debt and income-producing securities at cost

9.9 %

10.0 %

Percentage of investments on non-accrual of the portfolio at fair value

0.8 %

1.0 %

PORTFOLIO AND INVESTMENT ACTIVITY

For the three months ended June 30, 2026, new investment commitments totaled $319 million across 5 new portfolio companies and 8 existing portfolio companies. For the three months ended March 31, 2026, new investment commitments were $676 million across 7 new portfolio companies and 16 existing portfolio companies.

For the three months ended June 30, 2026, the principal amount funded totaled $219 million and aggregate principal amount of sales and repayments totaled $747 million. For the three months ended March 31, 2026, the principal amount of new investments funded was $430 million and aggregate principal amount of sales and repayments was $1.5 billion.

For the Three Months Ended June 30,

($ in thousands)

2026

2025

New investment commitments:

Gross originations

$             357,074

$            1,116,767

Less: Sell downs

(37,750)

—

Total new investment commitments

$             319,324

$            1,116,767

Principal amount of new investments funded:

First-lien senior secured debt investments

$             208,532

$             587,980

Second-lien senior secured debt investments

—

205,340

Unsecured debt investments

—

—

Specialty finance debt investments

—

9,813

Preferred equity investments

—

2,914

Common equity investments

—

4,401

Specialty finance equity investments

5,239

84,114

Joint venture investments

4,844

11,473

Total principal amount of new investments funded

$             218,615

$             906,035

Drawdowns (repayments) on revolvers and delayed draw term loans, net

$             210,160

$             142,162

Principal amount of investments sold or repaid:

First-lien senior secured debt investments(1)

$            (432,759)

$          (1,612,475)

Second-lien senior secured debt investments

(33,720)

(178,056)

Unsecured debt investments

(2,040)

(24,233)

Specialty finance debt investments

—

—

Preferred equity investments

(255,888)

(4,933)

Common equity investments

(249)

(78,607)

Specialty finance equity investments

(22,043)

(8,583)

Joint venture investments

—

—

Total principal amount of investments sold or repaid

$            (746,699)

$          (1,906,887)

Number of new investment commitments in new portfolio companies(2)

5

6

Average new investment commitment amount in new portfolio companies

$               49,525

$               92,279

Weighted average term for new investment commitments (in years)

6.1

5.9

Percentage of new debt investment commitments at

   floating rates

100.0 %

99.0 %

Percentage of new debt investment commitments at

   fixed rates

— %

1.0 %

Weighted average interest rate of new investment commitments(3)

8.7 %

9.7 %

Weighted average spread over applicable base rate of new debt investment commitments at floating rates

4.9 %

5.4 %

(1)

Includes scheduled paydowns.

(2)

Number of new investment commitments represents commitments to a particular portfolio company.

(3)

Assumes each floating rate commitment is subject to the greater of the interest rate floor (if applicable) or 3-month SOFR, which was 3.73% and 4.29% as of June 30, 2026 and 2025, respectively.

RESULTS OF OPERATIONS FOR THE SECOND QUARTER ENDED JUNE 30, 2026 

Investment Income
Investment income increased to $401 million for the three months ended June 30, 2026 from $397 million for the three months ended March 31, 2026, primarily driven by the impact of higher dividend income and non-recurring other income from a realization of a preferred equity investment, offset by a decline in average investments over the period. The Company expects that investment income will vary based on a variety of factors including the pace of originations and repayments, spreads of new deployments, and base rate movements.

Expenses
Total expenses decreased to $224 million for the three months ended June 30, 2026 from $235 million for the three months ended March 31, 2026, primarily driven by a decrease in interest expense from a decline in daily average borrowings from $9.3 billion to $8.4 billion. As a percentage of total assets, professional fees, directors' fees and other general and administrative expenses remained relatively consistent period-over-period.

Liquidity and Capital Resources
As of June 30, 2026, the Company had $238 million in cash and restricted cash, $8.0 billion in total principal value of debt outstanding, including $4.2 billion of undrawn capacity(1) on the Company's credit facilities and $5.3 billion of unsecured notes. The funding mix was composed of 33.6% secured and 66.4% unsecured borrowings as of June 30, 2026 on an outstanding basis. The Company was in compliance with all financial covenants under its credit facilities as of June 30, 2026. The Company has analyzed cash and cash equivalents, availability under its credit facilities, the ability to rotate out of certain assets and amounts of unfunded commitments that could be drawn and believes its liquidity and capital resources are sufficient to take advantage of market opportunities.

(1)

Reflects undrawn debt which is based on committed debt less debt outstanding as of June 30, 2026, and may not reflect the amount currently available due to borrowing base restrictions.

CONFERENCE CALL AND WEBCAST INFORMATION

Conference Call Information:
The conference call will be broadcast live on August 6, 2026 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 use the following link: www.blueowlcapitalcorporation.com/webcast-registration?event_id=29120. Please visit the website before the webcast to test your connection.

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 for 14 days via a webcast link located on the News & Events section of OBDC's website, and via the dial-in numbers listed below:

Domestic: (877) 660-6853 International: +1 (201) 612-7415 Access Code: 13761127 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 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 CONTACTS

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

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

FINANCIAL HIGHLIGHTS

For the Three Months Ended

($ in thousands, except per share amounts)

June 30, 2026

March 31, 2026

June 30, 2025

Investments at fair value

$      14,955,049

$      15,344,201

$      16,868,782

Total assets

$      15,354,604

$      16,018,541

$      17,398,476

Net asset value per share

$               14.26

$               14.41

$               15.03

GAAP results:

  Total investment income

$         401,342

$         396,774

$         485,843

  Net investment income

$         176,173

$         159,170

$         216,708

  Net increase (decrease) in net assets resulting from operations

$           65,739

$         (24,382)

$         137,506

GAAP per share results:

  Net investment income

$             0.36

$             0.32

$             0.42

  Net realized and unrealized gains (losses)

$            (0.22)

$            (0.37)

$            (0.15)

  Net increase (decrease) in net assets resulting from operations(1)

$             0.13

$            (0.05)

$             0.27

Non-GAAP financial measures(2):

  Adjusted total investment income

$         395,726

$         390,564

$         474,907

  Adjusted net investment income

$         170,557

$         152,960

$         205,772

  Adjusted net increase (decrease) in net assets resulting from operations

$           65,739

$          (24,382)

$         137,502

Non-GAAP per share financial measures(2):

Adjusted net investment income

$             0.34

$             0.31

$             0.40

Adjusted net realized and unrealized gains (losses)

$            (0.21)

$            (0.36)

$            (0.13)

Adjusted net increase (decrease) in net assets resulting from operations(1)

$             0.13

$            (0.05)

$             0.27

Base dividend declared per share

$             0.31

$             0.37

$             0.37

Supplemental dividend declared per share

$             0.02

$                —

$             0.02

Weighted average yield of accruing debt and income producing securities at fair value

9.9 %

10.0 %

10.6 %

Weighted average yield of accruing debt and income producing securities at amortized cost

9.9 %

10.0 %

10.7 %

Percentage of debt investments at floating rates

96.0 %

96.1 %

97.6 %

(1)

Totals may not sum due to rounding. 

(2)

See Non-GAAP Financial Measures for a description of the non-GAAP measures and the reconciliations from the most comparable GAAP financial measures to the Company's non-GAAP measures, including on a per share basis. The Company's management utilizes these non-GAAP financial measures to internally analyze and assess financial results and performance. These measures are also considered useful by management as an additional resource for investors to evaluate the Company's ongoing results and trends, as well as its performance, excluding non-cash income or gains related to the OBDE Merger. The presentation of non-GAAP measures is not intended to be a substitute for financial results prepared in accordance with GAAP and should not be considered in isolation.

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES
(Amounts in thousands, except share and per share amounts)

As of June 30, 2026
(Unaudited)

As of December 31,
2025

Assets

Investments at fair value:

Non-controlled, non-affiliated investments (amortized cost of $12,793,396 and $14,060,097, respectively)

$                12,439,882

$              13,995,055

Non-controlled, affiliated investments (amortized cost of $190,543 and $176,078, respectively)

142,746

114,192

Controlled, affiliated investments (amortized cost of $2,129,577, and $2,181,604, respectively)

2,372,421

2,361,646

Total investments at fair value (amortized cost of $15,113,516 and $16,417,779, respectively)

14,955,049

16,470,893

Cash (restricted cash of $20,399 and $47,448, respectively)

237,438

558,703

Foreign cash (cost of $625 and $9,722, respectively)

611

9,839

Interest and dividend receivable

91,333

104,576

Receivable from a controlled affiliate

33,012

26,846

Prepaid expenses and other assets

37,161

15,508

Total Assets

$                15,354,604

$              17,186,365

Liabilities

Debt (net of unamortized debt issuance costs of $101,772 and $93,186, respectively)

$                  7,903,533

$                9,300,076

Distribution payable

152,874

184,877

Management fee payable

57,348

63,145

Incentive fee payable

36,156

38,899

Payables to affiliates

8,457

12,572

Accrued expenses and other liabilities

164,477

189,517

Total Liabilities

$                 8,322,845

$               9,789,086

Commitments and contingencies (Note 8)

Net Assets

Common shares $0.01 par value, 1,000,000,000 shares authorized; 493,142,569 and
   499,448,499 shares issued and outstanding, respectively

$                        4,931

$                      4,994

Additional paid-in-capital

7,442,001

7,512,234

Accumulated undistributed (overdistributed) earnings

(415,173)

(119,949)

Total Net Assets

$                  7,031,759

$                7,397,279

Total Liabilities and Net Assets

$                15,354,604

$              17,186,365

Net Asset Value Per Share

$                         14.26

$                       14.81

CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except share and per share amounts)
(Unaudited)

For the Three Months Ended
June 30,

For the Six Months Ended
June 30,

2026

2025

2026

2025

Investment Income

Investment income from non-controlled, non-affiliated investments:

Interest income

$     272,242

$     384,762

$     564,166

$     741,225

Payment-in-kind ("PIK") interest income

29,145

29,581

56,379

64,973

Dividend income

17,971

20,810

38,180

42,341

Other income

19,960

5,268

23,118

10,858

Total investment income from non-controlled, non-affiliated investments

339,318

440,421

681,843

859,397

Investment income from non-controlled, affiliated investments:

Interest income

310

219

702

834

PIK interest income

169

865

257

1,904

Dividend income

3,575

555

6,770

555

Other income

24

34

50

70

Total investment income from non-controlled, affiliated investments

4,078

1,673

7,779

3,363

Investment income from controlled, affiliated investments:

Interest income

10,638

9,847

18,635

18,799

PIK interest income

2,272

—

6,431

—

Dividend income

44,678

33,869

82,867

68,874

Other income

358

33

561

56

Total investment income from controlled, affiliated investments

57,946

43,749

108,494

87,729

Total Investment Income

401,342

485,843

798,116

950,489

Operating Expenses

Interest expense

$     122,983

$     151,571

$     257,299

$    300,103

Management fees, net(1)

57,346

64,586

118,039

126,744

Performance based incentive fees

36,156

43,649

68,568

84,678

Professional fees

4,305

3,538

8,511

7,070

Directors' fees

445

320

890

640

Other general and administrative

3,222

3,185

6,307

7,212

Total Operating Expenses

224,457

266,849

459,614

526,447

Net Investment Income (Loss) Before Taxes

176,885

218,994

338,502

424,042

Income tax expense (benefit), including excise tax expense (benefit)

712

2,286

3,159

6,032

Net Investment Income (Loss) After Taxes

$     176,173

$     216,708

$     335,343

$     418,010

Net Realized and Change in Unrealized Gain (Loss)

Net change in unrealized gain (loss):

  Non-controlled, non-affiliated investments

$    (110,049)

$    (125,752)

$    (274,474)

$       70,764

  Non-controlled, affiliated investments

(9,673)

(14,711)

14,091

(15,411)

  Controlled, affiliated investments

20,372

37,485

62,802

34,095

  Translation of assets and liabilities in foreign currencies and other transactions

4,049

13,351

780

17,367

  Income tax (provision) benefit

(207)

(200)

500

(1,762)

Total Net Change in Unrealized Gain (Loss)

(95,508)

(89,827)

(196,301)

105,053

Net realized gain (loss):

  Non-controlled, non-affiliated investments

$       (9,477)

$       20,834

$        1,196

$   (131,098)

  Non-controlled, affiliated investments

1,427

—

(37,795)

—

  Controlled, affiliated investments

(6,032)

—

(62,388)

—

  Foreign currency transactions

(844)

(10,209)

1,302

(11,828)

Total Net Realized Gain (Loss)

(14,926)

10,625

(97,685)

(142,926)

Total Net Realized and Change in Unrealized Gain (Loss)

(110,434)

(79,202)

(293,986)

(37,873)

Net Increase (Decrease) in Net Assets Resulting from Operations

$       65,739

$     137,506

$       41,357

$     380,137

Earnings Per Share - Basic and Diluted

$         0.13

$         0.27

$         0.08

$         0.76

Weighted Average Shares Outstanding - Basic and Diluted

495,377,115

511,048,237

497,130,632

502,981,791

(1)

Refer to "Note 3 — Agreements and Related Party Transactions" for additional details on management fee waiver.

NON-GAAP FINANCIAL MEASURES

On a supplemental basis, the Company is disclosing certain adjusted financial measures, each of which is calculated and presented on a basis of methodology other than in accordance with GAAP ("non-GAAP"). The Company's management utilizes these non-GAAP financial measures to internally analyze and assess financial results and performance. These measures are also considered useful by management as an additional resource for investors to evaluate the Company's ongoing results and trends, as well as its performance, excluding non-cash income or gains related to the OBDE Merger. The presentation of non-GAAP measures is not intended to be a substitute for financial results prepared in accordance with GAAP and should not be considered in isolation.

"Adjusted Total Investment Income" and "Adjusted Total Investment Income Per Share": represents total investment income excluding any amortization or accretion of interest income resulting solely from the cost basis established by ASC 805 (see below) for the assets acquired in connection with the OBDE Merger. "Adjusted Net Investment Income" and "Adjusted Net Investment Income Per Share": represents net investment income, excluding any amortization or accretion of interest income resulting solely from the cost basis established by ASC 805 (see below) for the assets acquired in connection with the OBDE Merger. "Adjusted Net Realized and Unrealized Gains (Losses)" and "Adjusted Net Realized and Unrealized Gains (Losses) Per Share": represents net realized and unrealized gains (losses) excluding any net realized and unrealized gains (losses) resulting solely from the cost basis established by ASC 805 (see below) for the assets acquired in connection with the OBDE Merger. "Adjusted Net Increase (Decrease) in Net Assets Resulting from Operations" and "Adjusted Net Increase (Decrease) in Net Assets Resulting from Operations Per Share": represents the sum of (i) Adjusted Net Investment Income and (ii) Adjusted Net Realized and Unrealized Gains (Losses). The OBDE Merger was accounted for as an asset acquisition in accordance with the asset acquisition method of accounting as detailed in ASC 805-50, Business Combinations—Related Issues ("ASC 805"). The consideration paid to the stockholders of OBDE was allocated to the individual assets acquired and liabilities assumed based on the relative fair values of the net identifiable assets acquired other than "non-qualifying" assets, which established a new cost basis for the acquired investments under ASC 805 that, in aggregate, was different than the historical cost basis of the acquired investments prior to the OBDE Merger. Additionally, immediately following the completion of the OBDE Merger, the acquired investments were marked to their respective fair values under ASC 820, Fair Value Measurements, which resulted in unrealized appreciation/depreciation. The new cost basis established by ASC 805 on debt investments acquired will accrete/amortize over the life of each respective debt investment through interest income, with a corresponding adjustment recorded to unrealized appreciation/depreciation on such investment acquired through its ultimate disposition. The new cost basis established by ASC 805 on equity investments acquired will not accrete/amortize over the life of such investments through interest income and, assuming no subsequent change to the fair value of the equity investments acquired and disposition of such equity investments at fair value, the Company will recognize a realized gain/loss with a corresponding reversal of the unrealized appreciation/depreciation on disposition of such equity investments acquired.

The Company's management uses the non-GAAP financial measures described above internally to analyze and evaluate financial results and performance and to compare its financial results with those of other business development companies that have not adjusted the cost basis of certain investments pursuant to ASC 805. The Company's management believes "Adjusted Total Investment Income", "Adjusted Total Investment Income Per Share", "Adjusted Net Investment Income" and "Adjusted Net Investment Income Per Share" are useful to investors as an additional tool to evaluate ongoing results and trends for the Company without giving effect to the income resulting from the new cost basis of the investments acquired in the OBDE Merger because these amounts do not impact the fees payable to Blue Owl Credit Advisors LLC (the "Adviser") under the fourth amended and restated investment advisory agreement (the "Investment Advisory Agreement") between the Company and the Adviser, and specifically as its relates to "Adjusted Net Investment Income" and "Adjusted Net Investment Income Per Share". In addition, the Company's management believes that "Adjusted Net Realized and Unrealized Gains (Losses)", "Adjusted Net Realized and Unrealized Gains (Losses) Per Share", "Adjusted Net Increase (Decrease) in Net Assets Resulting from Operations" and "Adjusted Net Increase (Decrease) in Net Assets Resulting from Operations Per Share" are useful to investors as they exclude the non-cash income and gain/loss resulting from the OBDE Merger and are used by management to evaluate the economic earnings of its investment portfolio. Moreover, these metrics more closely align the Company's key financial measures with the calculation of incentive fees payable to the Adviser under the Investment Advisory Agreement (i.e., excluding amounts resulting solely from the lower cost basis of the acquired investments established by ASC 805 that would have been to the benefit of the Adviser absent such exclusion).

The following table provides a reconciliation of total investment income (the most comparable U.S. GAAP measure) to adjusted total investment income for the periods presented:

For the Three Months Ended

($ in millions, except per share amounts)

June 30, 2026

March 31, 2026

June 30, 2025

Amount

Per Share

Amount

Per Share

Amount

Per Share

Total investment income

$        401

$       0.81

$        397

$       0.80

$        486

$       0.95

Less: purchase discount amortization

(6)

(0.01)

(6)

(0.01)

(11)

(0.02)

Adjusted total investment income(1)

$        396

$       0.80

$        391

$       0.78

$        475

$       0.93

The following table provides a reconciliation of net investment income (the most comparable U.S. GAAP measure) to adjusted net investment income for the periods presented:

For the Three Months Ended

($ in millions, except per share amounts)

June 30, 2026

March 31, 2026

June 30, 2025

Amount

Per Share

Amount

Per Share

Amount

Per Share

Net investment income

$        176

$       0.36

$        159

$       0.32

$        217

$       0.42

Less: purchase discount amortization

(6)

(0.01)

(6)

(0.01)

(11)

(0.02)

Adjusted net investment income(1)

$        171

$       0.34

$        153

$       0.31

$        206

$       0.40

The following table provides a reconciliation of net realized and unrealized gains (losses) (the most comparable U.S. GAAP measure) to adjusted net realized and unrealized gains (losses) for the periods presented:

For the Three Months Ended

($ in millions, except per share amounts)

June 30, 2026

March 31, 2026

June 30, 2025

Amount

Per Share

Amount

Per Share

Amount

Per Share

Net realized and unrealized gains (losses)

$       (110)

$      (0.22)

$       (184)

$      (0.37)

$        (79)

$      (0.15)

Net change in unrealized (appreciation) depreciation due to the purchase discount

5

0.01

5

0.01

11

0.02

Realized gain (loss) due to the purchase discount(2)

1

—

1

—

—

—

Adjusted net realized and unrealized gains (losses)(1)

$       (105)

$      (0.21)

$       (177)

$      (0.36)

$        (68)

$      (0.13)

The following table provides a reconciliation of net increase (decrease) in net assets resulting from operations (the most comparable U.S. GAAP measure) to adjusted net increase (decrease) in net assets resulting from operations for the periods presented:

For the Three Months Ended

($ in millions, except per share amounts)

June 30, 2026

March 31, 2026

June 30, 2025

Amount

Per Share

Amount

Per Share

Amount

Per Share

Net increase (decrease) in net assets resulting from operations

$         66

$       0.13

$        (24)

$      (0.05)

$        138

$       0.27

Less: purchase discount amortization

(6)

(0.01)

(6)

(0.01)

(11)

(0.02)

Net change in unrealized (appreciation) depreciation due to the purchase discount

5

0.01

5

0.01

11

0.02

Realized gain (loss) due to the purchase discount(2)

1

—

1

—

—

—

Adjusted net increase (decrease) in net assets resulting from operations(1)

$         66

$       0.13

$        (24)

$      (0.05)

$        138

$       0.27

(1)

Totals may not sum due to rounding.

(2)

Per share amounts round down to less than $0.01.

SOURCE Blue Owl Capital Corporation

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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.

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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.

Additionally, the company could be a top pick for growth investors. OWL has a Growth Style Score of B, forecasting year-over-year earnings growth of 4.8% for the current fiscal year.

Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.00 to $0.88 per share. OWL boasts an average earnings surprise of +2.3%.

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

Blue Owl stock has fallen more than 20% so far this year. (Michael Nagle/Bloomberg)

Market disasters, much like those in life, rarely end up being as catastrophic as they feel in the moment. Fear tends to amplify every headline and every selloff until the outcome seems inevitable, as it did for private credit names like Blue Owl earlier this year.

TPG Built a Record Year, Then Lost 40%—Is the Selloff Overdone? Blue Owl Capital NYSE: OWL reported second-quarter 2026 fee-related earnings of $0.25 per share and distributable earnings of $0.22 per share, with distributable earnings rising 9% from the prior-year quarter. The alternative asset manager declared a quarterly dividend of $0.23 per share, payable Aug. 27 to shareholders of record on Aug. 13.

Chief Financial Officer Alan Kirshenbaum said management fees increased 8% year over year, excluding the effect of management-fee offsets, while fee-related earnings and distributable earnings each rose 9%. Blue Owl’s fee-related earnings margin was 58.5%, modestly higher than both the first quarter and the year-ago period and in line with the company’s outlook for the full year.

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MarketBeat Week in Review – 03/30 - 04/03Kirshenbaum reaffirmed management’s expectation that Blue Owl can exceed the Visible Alpha consensus estimates it cited last quarter of $1.02 in fee-related earnings per share and $0.89 in distributable earnings per share for 2026. He said the expected improvement is primarily a top-line growth story, supported by management-fee growth rather than a substantial expansion in margins.

Unpaid Fee-Paying Capital Supports Growth Outlook Blue Owl ended the quarter with $31 billion of assets under management not yet paying fees, representing about $380 million in expected annual management fees once deployed. Kirshenbaum said this amount equates to approximately 15% embedded growth relative to 2025 management fees.

Blue Owl’s Risk/Reward Profile Is Almost Too Good to Be True“As this capital is drawn down and put to work, it converts into fee-paying AUM and will continue to support management fee growth across our platforms,” Kirshenbaum said.

The company expects management-fee growth to build in each of the next two quarters. Its outlook does not assume a sharp recovery in sponsor-led merger-and-acquisition activity, according to Co-Chief Executive Officer Marc Lipschultz, who said growth is being supported by newer credit strategies, real assets, and other areas of the platform.

Blue Owl raised $7.8 billion of total capital in the quarter and $50.5 billion over the past 12 months, equal to 18% of its assets under management at the same point last year. The company said all of the capital raised was organic. Institutional and insurance investors accounted for roughly three-quarters of equity capital raised during the second quarter and about two-thirds of equity capital raised over the past 12 months.

Real Assets and Alternative Credit Gain Scale Lipschultz highlighted the growing role of real assets, which now represents nearly 30% of Blue Owl’s assets under management. Real-assets AUM rose 25% year over year and revenue from the platform increased 27%, led by the company’s Net Lease and Digital Infrastructure strategies.

Blue Owl’s Net Lease strategy raised $7.7 billion one year after its first close, exceeding its original hard cap. Including co-investment capital, the strategy has raised $8.7 billion, or 1.5 times the amount raised for its predecessor vintage. About 60% of commitments came from first-time investors in the strategy, the company said.

The firm said Net Lease Fund VI was 65% drawn at quarter-end and was expected to reach 77% drawn following a capital call. Blue Owl expects the fund to be virtually fully called by the end of the year. Its next Net Lease vintage has already exceeded a $7.5 billion hard cap, and fundraising is expected to conclude this year.

Digital Infrastructure remains another growth focus. Blue Owl said its data-center footprint includes more than 140 data centers owned or under construction globally, representing 15.3 gigawatts of leased and owned capacity. The company expects the first close of its next Digital Infrastructure flagship fund in the second half of 2026 and said it continues to target $10 billion for the strategy.

In credit, direct lending now accounts for approximately 35% of AUM, down from nearly half two years ago as other strategies have grown. Alternative Credit, which is approaching 10% of credit AUM, grew 35% over the past year. Blue Owl’s Alternative Credit interval fund surpassed $2.7 billion in size in its first year and outperformed the leveraged-loan index by more than 600 basis points over that period, according to Lipschultz.

Blue Owl also said it has raised more than $1 billion toward a $1.5 billion target for newly launched data-center credit and real-estate credit strategies.

Credit Performance and Wealth Flows The company reported continued strong performance in direct lending, with portfolio companies growing at a mid- to high-single-digit pace on average. Lipschultz said Blue Owl’s direct-lending watch list showed no meaningful change from a year earlier. The platform’s average annual realized loss rate stood at 12 basis points, including a net gain in its technology-lending portfolio.

Blue Owl’s direct-lending investments generated a total return of 8.3% over the past 12 months, while Alternative Credit returned 11.4%, the company said. Credit deployment was led by Alternative Credit and investment-grade credit, with total credit deployment of nearly $7 billion over the past year, more than double the prior 12-month period.

Management addressed investor attention on non-traded business development companies and related redemption activity. Kirshenbaum said redemption requests for Blue Owl’s non-traded BDCs declined modestly in the second quarter, while 90% of OCIC fund investors did not request any redemptions for a second consecutive quarter.

He said loan repayments meaningfully exceeded net outflows during the quarter, and Blue Owl did not see increased redemption activity across its other evergreen products. For the July 1 close, evergreen inflows rose more than 50% from the May 1 close, although management said inflows remained below historical levels.

Lipschultz said the company’s wealth-focused direct-lending products account for 11% of Blue Owl’s fee-paying assets, despite receiving a disproportionate share of market attention. He said Blue Owl remains open to launching a more traditional drawdown direct-lending fund if investors favor that structure.

GP Strategic Capital and Forward Plans Blue Owl raised about $1.3 billion in GP Strategic Capital during the quarter, including capital for its flagship large-cap strategy and an additional strip-sale transaction. The sixth vintage has raised $10.6 billion including co-investment capital, and management expects to complete fundraising this year.

Over the past two years, the company has completed five strip-sale transactions that produced an aggregate $4.6 billion of return of capital for investors. Lipschultz said Blue Owl sees a growing opportunity to provide capital solutions to larger alternative-asset management firms as the industry consolidates.

Looking ahead, management said it expects institutional fundraising to remain strong during the second half of 2026 and believes total fundraising could exceed the first-half level. Blue Owl also expects to introduce additional wealth products over the next six to 18 months, though executives did not provide details.

About Blue Owl Capital (NYSE:OWL)Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Blue Owl (OWL) delivered a robust Q2, dispelling fears over private credit redemptions and tech exposure, and reaffirming its Strong Buy rating with an $18 price target. OWL reported net inflows across all major segments, 12% y/y AUM growth to $319B, and distributable earnings of $0.22/share, supporting a 9.2% yield. Management projects accelerating earnings growth into 2027, with $31.1B AUM not yet paying fees poised to drive double-digit distributable earnings growth.

The firm's real assets segment eclipsed credit in fundraising during this year's second quarter, while investor withdrawals from lending vehicles eased.

Blue Owl Capital Inc. (OWL - Free Report) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.

A quarter ago, it was expected that this company would post earnings of $0.19 per share when it actually produced earnings of $0.19, delivering no surprise.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Blue Owl Capital, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $693.56 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.12%. This compares to year-ago revenues of $646.05 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Blue Owl Capital shares have lost about 36.1% since the beginning of the year versus the S&P 500's gain of 6.9%.

What's Next for Blue Owl Capital?While Blue Owl Capital has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Blue Owl Capital was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.23 on $709.15 million in revenues for the coming quarter and $0.87 on $2.83 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Management is currently in the top 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, PennantPark (PFLT - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 10.

This investment company is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of +8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

PennantPark's revenues are expected to be $67.51 million, up 6.3% from the year-ago quarter.

, /PRNewswire/ -- Blue Owl Capital Inc. (NYSE:OWL) ("Blue Owl") today reported its financial results for the second quarter ended June 30, 2026.

"Blue Owl's ongoing growth in the second quarter reflects the strong investment performance we continue to generate across strategies and the diversification of our business across platforms and geographies. We reached $319 billion of AUM, a five-fold increase since our listing five years ago, and we think our success to date has been a result of our focus on creating outstanding outcomes for the investors in our strategies," said Doug Ostrover and Marc Lipschultz, Co-CEOs of Blue Owl. "The results we reported this morning continue to demonstrate the resilience of our business and highlight our positioning as a key provider of scaled capital solutions in this evolving market landscape."

Blue Owl issued its full detailed presentation of its second quarter ended June 30, 2026 results, which can be viewed through the Shareholders section of Blue Owl's website at https://ir.blueowl.com/Investors/events-and-presentations.

Dividend

Blue Owl declared a quarterly dividend of $0.23 per Class A Share, payable on August 27, 2026, to shareholders of record at the close of business on August 13, 2026.

Quarterly Investor Call Details:

Blue Owl will host its second quarter 2026 investor call via public webcast on July 30, 2026 at 10:00 a.m. ET. To register, please visit the Shareholders 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 Shareholders 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 $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.

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 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, geopolitical and competitive factors.

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

Media Contact
[email protected]

SOURCE Blue Owl Capital

Posted by Defense World Staff on Jul 28th, 2026

Bank of Nova Scotia grew its position in Blue Owl Capital Inc. (NYSE:OWL – Free Report) by 81.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 700,922 shares of the company’s stock after purchasing an additional 315,432 shares during the period. Bank of Nova Scotia’s holdings in Blue Owl Capital were worth $6,400,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Hsbc Holdings PLC increased its stake in Blue Owl Capital by 129.4% during the 4th quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock valued at $3,590,000 after buying an additional 135,184 shares during the period. Verity & Verity LLC lifted its stake in shares of Blue Owl Capital by 45.2% in the 4th quarter. Verity & Verity LLC now owns 1,036,594 shares of the company’s stock worth $15,487,000 after acquiring an additional 322,530 shares during the period. Wealthfront Advisers LLC boosted its holdings in shares of Blue Owl Capital by 258.8% in the first quarter. Wealthfront Advisers LLC now owns 288,826 shares of the company’s stock valued at $2,637,000 after acquiring an additional 208,331 shares in the last quarter. Diversify Wealth Management LLC increased its stake in shares of Blue Owl Capital by 86.3% during the first quarter. Diversify Wealth Management LLC now owns 456,458 shares of the company’s stock valued at $4,053,000 after acquiring an additional 211,419 shares during the period. Finally, Danica Pension Livsforsikringsaktieselskab raised its holdings in Blue Owl Capital by 7.8% during the fourth quarter. Danica Pension Livsforsikringsaktieselskab now owns 4,149,597 shares of the company’s stock worth $61,995,000 after purchasing an additional 300,000 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Wall Street Analyst Weigh In A number of equities analysts have issued reports on the company. UBS Group reaffirmed a “neutral” rating and set a $9.50 price target on shares of Blue Owl Capital in a research note on Thursday, June 11th. Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, July 9th. BMO Capital Markets dropped their price target on shares of Blue Owl Capital from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, Credit Suisse Group set a $9.10 price objective on shares of Blue Owl Capital in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $13.16.

View Our Latest Analysis on OWL

Blue Owl Capital Price Performance OWL stock opened at $9.67 on Tuesday. The firm has a market capitalization of $15.04 billion, a P/E ratio of 80.61, a P/E/G ratio of 1.02 and a beta of 1.22. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $20.58. The company’s 50 day simple moving average is $9.49 and its 200-day simple moving average is $10.51.

Blue Owl Capital (NYSE:OWL – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $699.88 million for the quarter, compared to analysts’ expectations of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. Sell-side analysts predict that Blue Owl Capital Inc. will post 0.87 EPS for the current fiscal year.

About Blue Owl Capital (Free Report)

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.

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Wall Street expects flat earnings compared to the year-ago quarter on higher revenues when Blue Owl Capital Inc. (OWL - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis company is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents no change from the year-ago quarter.

Revenues are expected to be $687.25 million, up 6.4% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.75% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Blue Owl Capital?For Blue Owl Capital, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.61%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Blue Owl Capital will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Blue Owl Capital would post earnings of $0.19 per share when it actually produced earnings of $0.19, delivering no surprise.

Over the last four quarters, the company has beaten consensus EPS estimates just once.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Blue Owl Capital doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

SAN FRANCISCO, July 14, 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.

Blue Owl Capital describes itself as “a specialty finance company focused on lending to U.S. middle-market companies.” Similarly, Blue Owl Technology describes itself as “a specialty finance company focused on making debt and equity investments to U.S. technology-related companies, with a strategic focus on software.” Both Blue Owl funds are externally managed by affiliates of Blue Owl Capital, Inc. (NYSE: OWL).

Since June 13, 2025, the date on which Blue Owl Technology listed its shares on the NYSE, Blue Owl Technology’s share price has declined by over 30%.

Girard Sharp’s investigation focuses on whether there may have been undisclosed issues with the Blue Owl funds’ investment portfolios.

If you are a former investor of Blue Owl Capital III or Blue Owl Technology II and would like to discuss your claim, please fill out our contact form, email [email protected] or call (866) 981-4800 for a free consultation.

Why Girard Sharp?

Girard Sharp represents investors, consumers, and institutions in class actions and other complex litigation nationwide. We serve on the Plaintiffs’ executive committee in the recent spoofing litigation against JPMorgan Chase that settled for $60 million, a favorable resolution that the district court preliminarily approved in December 2021. Our attorneys have obtained multimillion-dollar recoveries for victims of unfair and deceptive practices in antitrust, financial fraud, and consumer protection matters against some of the country’s largest corporations, including Raymond James, John Hancock, and Sears. Girard Sharp has earned top-tier rankings from U.S. News and World Report for Securities and Class Action Litigation and has been repeatedly selected as an Elite Trial Lawyers finalist by the National Law Journal.

Contact
Girard Sharp LLP
(866) 981-4800
[email protected]
[email protected]
www.girardsharp.com 

The new venture will help develop advanced conduit and high-count fiber infrastructure to support the rapid
expansion of hyperscale data centers & next-generation connectivity across the United States

, /PRNewswire/ -- Funds managed by Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager, today announced the launch of Kirkwood Infrastructure Group ("Kirkwood IG"), a wholly owned developer and operator of next-generation communications infrastructure supporting the continued digital transformation of the United States.

Kirkwood IG serves hyperscale customers, data center operators, communications carriers, and local communities by developing, owning, and operating advanced conduit, high-count fiber optic cable, and related communications infrastructure assets. The platform supports the growing demand for connectivity driven by data centers, next generation compute, cloud, and other bandwidth-intensive use cases.

Kirkwood IG will be led by a senior management team of experienced industry executives, including Scott Bergs, Chief Executive Officer; Tim Leighton, Chief Financial Officer; Mike Sevret, Chief Commercial Officer; Chris Pancione, Chief Network Development Officer; and Jason Cohen, Chief Network Operations Officer. Together the leadership team brings decades of combined experience developing and commercializing next-generation network infrastructure, including the successful deployment and commercialization of more than 600 miles of network in the last five years. This includes current and prior Blue Owl-backed fiber development platforms, such as Dark Fiber & Infrastructure (exited) and South Reach Networks ("SRN"). The company will also benefit from the support of Blue Owl-appointed board members Chris Jensen, Luke Gilpin, and Aaron Small.

Kirkwood IG has integrated operations of Florida-based SRN, including its nearly 400 miles of network and 40 near-net and on-net data centers and key subsea cable landing stations. In addition, Kirkwood IG is constructing over 200 miles of conduit and high-capacity fiber cable across Louisiana and Mississippi, spanning from Shreveport to Vicksburg, to support the significant growth of hyperscale data center development in the region.

Scott Bergs, CEO of Kirkwood IG, said, "The digital infrastructure buildout in the U.S. is just beginning, and while a new company, our team has a tremendous track record of deploying industry-leading network infrastructure that enables the next wave of compute requirements and digital transformation. We are excited to continue our hyperscale expansion work alongside Blue Owl and we look forward to expanding our impact together."

With the support of the Blue Owl Digital Infrastructure strategy, Kirkwood IG intends to expand into new markets alongside key data center development partners whose projects push into new regions across the United States. Kirkwood IG will operate independently of Blue Owl's investment in Gigabit Fiber LLC, a leading Texas-based fiber optic infrastructure provider.

Chris Jensen, Managing Director, Digital Infrastructure at Blue Owl, added, "We are thrilled to work with the Kirkwood IG team as they enter this next chapter of growth. The Southeast is a region of incredible opportunity and rapid growth for our hyperscale customers, and we look forward to leveraging Kirkwood IG's proven network development capabilities to unlock new data center markets, accelerate critical infrastructure deployment, and support customer growth across the Southeast and beyond."

About Kirkwood Infrastructure Group

Kirkwood IG is a developer and operator of next-generation fiber networks supporting the digital transformation and connectivity needs of leading hyperscale customers. To learn more, visit www.kirkwoodinfra.com.

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With over $315 billion in assets under management as of March 31, 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 1,390 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.

SOURCE Kirkwood Infrastructure Group (IG)

Investors sought to withdraw less money from two of Blue Owl Capital's flagship private-credit funds in the second quarter, providing early signs that redemption pressures across the sector may be beginning to moderate after months of elevated withdrawals.

The New York-based alternative asset manager said investors requested withdrawals totaling $4.7 billion during the quarter, down from $5.4 billion in the previous three months.

The easing in withdrawal requests was welcomed by investors, with Blue Owl OWL shares rising by nearly 5% in Thursday trading.

The figures come as private-credit managers continue to grapple with heightened redemption activity following several high-profile borrower defaults last year that sparked concerns over the health of private-credit portfolios.

Blue Owl's stock has fallen by over 40% this year.

Redemptions remain above payout limitsWithdrawal requests declined across both of Blue Owl's largest non-traded business development companies, though they remained substantially above the quarterly redemption limits built into the funds.

At the $33.8 billion Blue Owl Credit Income Corp (OCIC), investors requested to redeem 18.8% of outstanding shares during the quarter, down from 21.9% in the first quarter.

The firm's technology-focused Blue Owl Technology Income Corp (OTIC), which manages $4.9 billion in assets, also recorded lower withdrawal requests.

Investors sought to redeem 38.1% of shares during the quarter compared with 40.7% in the previous period.

Like many non-traded private-credit vehicles, both funds limit quarterly repurchases to 5% of outstanding shares.

The mechanism is designed to avoid forcing managers to sell relatively illiquid corporate loans to meet investor withdrawals.

Blue Owl said roughly 90% of investors in OCIC remained invested, while the group of shareholders requesting redemptions was largely unchanged from previous quarters, with little participation from new investors.

Although redemption requests remain elevated, analysts believe recent trends suggest withdrawal activity may be nearing its peak.

Market participants still expect requests to stay above the 5% quarterly threshold for several more quarters, but some Wall Street analysts argue that the gradual moderation seen in the second quarter points to improving investor confidence.

"We believe OCIC's strong performance over the past three months has reflected the quality of portfolio fundamentals and contributed to improved investor sentiment," Blue Owl executives Craig Packer and Logan Nicholson said in a letter to shareholders.

The firm also said borrower fundamentals remained healthy, adding that "credit quality remained resilient," supported by solid operating performance across its portfolio companies.

Blue Owl said it was encouraged by the modest quarter-over-quarter decline in tender requests, attributing the improvement partly to the funds' recent performance.

Private credit remains under scrutinyBlue Owl has become one of the industry's most closely watched firms because it was among the earliest alternative asset managers to successfully market private-credit products to wealthy individual investors.

That strategy helped the firm rapidly expand assets under management to roughly $300 billion, but it has also made the company particularly exposed to swings in retail investor sentiment.

Persistent redemption requests have raised concerns that slower asset growth and capped withdrawals could weigh on fee income if investor demand remains subdued.

Pressure has not been limited to Blue Owl.

Several large private-credit managers, including Ares Management, Blackstone and BlackRock, have also experienced higher redemption activity in recent quarters, weighing on their share prices.

Investor concerns intensified in late June after withdrawals from a major Apollo Global Management private-credit fund climbed to 17% of assets from 11% in the previous quarter.

Executives across the industry have maintained that concerns surrounding private credit are exaggerated, though many acknowledge that elevated redemption activity is likely to continue in the near term.

Blue Owl said its largest credit fund remains well positioned to meet future redemption requests.

The company reported that OCIC holds $11.6 billion in cash, cash equivalents and available borrowing capacity, enough to fund approximately 12 quarters of payouts at the current 5% quarterly redemption limit.

While withdrawal requests remain well above the level funds are willing to meet each quarter, the latest figures suggest investors may be becoming more comfortable with private-credit portfolios after a turbulent period for the industry.

Redemption requests declined from the previous quarter but remained elevated.

, /PRNewswire/ -- Blue Owl Capital Inc. (NYSE: OWL) ("Blue Owl") today announced it will release its financial results for the second quarter ended June 30, 2026 on Thursday, July 30, 2026 before market open. Blue Owl invites all interested persons to its webcast / conference call at 10 a.m. Eastern Time to discuss its results.

Conference Call Information:

The conference call will be broadcast live on the Shareholders section of Blue Owl's website at www.blueowl.com.

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

Domestic (Toll Free): +1 (888) 330-2454

International: +1 (240) 789-2714

Conference ID: 4153114

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.

Replay Information:

An archived replay will be available via a webcast link located on the Shareholders section of Blue Owl's website.

About Blue Owl Capital Inc.

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®.

With $315 billion in assets under management as of March 31, 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 1,390 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com. 

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

Media Contact
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SOURCE Blue Owl Capital