Blue Owl AUM reaches $330bn as fundraising supports earnings growth
Blue Owl Capital’s assets under management reached a record $330bn in the third quarter, while stronger fee-related earnings helped the alternative asset manager beat profit expectations, according to a report by Reuters.
Blue Owl Capital's assets under management surged to a record $330 billion in the third quarter, according to a Reuters report. The alternative asset manager's earnings growth surpassed profit expectations, with adjusted distributable earnings reaching $0.24 per share, up from $0.22 a year earlier and beating analysts' forecast of $0.23. The company's shares surged nearly 5% in premarket trading following the news.
Blue Owl secured $12.6 billion in new capital commitments during the quarter, bringing its trailing 12-month total to $48.8 billion. Equity fundraising accounted for $10.2 billion, with $5.6 billion coming from credit and $4 billion from real assets. Co-CEOs Doug Ostrover and Marc Lipschultz reported that institutional fundraising reached a quarterly record, supported by a diverse mix of strategies, investors, and geographies.
Direct lending originations totaled $5.2 billion, while deployment fell short by $300 million. The company's performance has drawn scrutiny amid ongoing concerns about private credit exposure to technology borrowers and AI infrastructure. As a result, Blue Owl's shares have declined by around 35% throughout the year.
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