Blue Owl Capital Inc. has recently released its 10-K report, providing a detailed insight into its operations and financial performance. The company operates as an asset manager in the United States, offering a range of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. Blue Owl Capital provides direct lending products, liquid credit, GP strategic capital products, and real estate products through permanent capital vehicles and long-dated private funds.
In the year ended December 31, 2024, Blue Owl Capital reported a significant increase in its Net Income Attributable to Blue Owl Capital Inc., reaching $109,584, compared to $54,343 in the previous year. The Fee-Related Earnings also saw a notable rise, reaching $1,253,366, up from $997,717 in 2023. Similarly, Distributable Earnings surged to $1,129,248 from $927,838. Notably, the company completed several acquisitions in 2024, including the Prima Acquisition, KAM Acquisition, and Atalaya Acquisition, and the IPI Acquisition in 2025, which reflects a significant step forward in Blue Owl’s presence in the digital infrastructure ecosystem.
As of December 31, 2024, Blue Owl Capital reported Assets Under Management (AUM) of $251.1 billion, which included $159.8 billion of Fee-Paying Assets Under Management (FPAUM). The composition of AUM includes Credit AUM, GP Strategic Capital AUM, Real Assets AUM, Direct Lending AUM, GP Minority Stakes AUM, Net Lease AUM, Alternative Credit AUM, GP Debt Financing AUM, Real Estate Credit AUM, Investment Grade Credit AUM, Professional Sports Minority Stakes AUM, Liquid Credit AUM, and Other AUM. The company also highlighted that it has $22.6 billion in AUM not yet paying fees, providing over $300 million of annualized management fees once deployed.
Blue Owl Capital's business environment is impacted by conditions in the financial markets and economic conditions in the United States, and to a lesser extent, globally. The company believes that its management-fee centric business model and base of Permanent Capital contribute to the resiliency of its earnings and the strength of its business growth, particularly during periods of market uncertainty and volatility. Additionally, the company emphasized its focus on strategic acquisitions and investments to accelerate its growth and broaden its product offerings. The market has reacted to these announcements by moving the company's shares -4.2% to a price of $22.13. For the full picture, make sure to review Blue Owl Capital's 10-K report.
