Blue Owl CEOs rebuff credit fears
In a rare joint appearance, the co-CEOs of Blue Owl dismissed the idea of a management buyout, the classic fix for a company heavily controlled by its founders and unloved by stockholders.
The co-CEOs of Blue Owl, Marc Lipschultz and Doug Ostrover, have expressed their disbelief at the market's misunderstanding of their company. Despite a 70% drop in their shares due to redemptions, the pair remain committed to the company's future. They dismissed the idea of a management buyout and stated that public shareholders will ultimately benefit from the stock's rise.
Lipschultz clarified that Blue Owl's lending business, which accounts for a third of the firm's operations, is expected to grow in a rising rate environment. The CEO also addressed concerns about the AI bubble, stating that the company's focus is on the ability of tech giants like Microsoft and Amazon to meet their financial obligations.
Despite the market's pessimism, the CEOs maintain confidence in Blue Owl's prospects over the next 18 months.
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