Blue Owl third-quarter profit beats estimates, AUM hits record $330 billion
OWL•Blue Owl’s adjusted distributable earnings rose to 24 cents per share, beating analysts’ 23-cent estimate, while assets under management reached a record $330 billion. The company raised $12.6 billion in new capital commitments during the quarter.
1. Earnings and fundraising
Adjusted distributable earnings increased to 24 cents per share for the three months ended September 30, from 22 cents a year earlier, beating analysts’ estimate of 23 cents. Assets under management reached a record $330 billion. Blue Owl raised $12.6 billion in new capital commitments during the quarter, bringing the total over the past 12 months to $48.8 billion.
2. Credit and market concerns
Total equity fundraising was $10.2 billion, including $5.6 billion from the credit platform and $4 billion from real assets. Direct lending originations were $5.2 billion in the quarter, while deployment fell by $300 million. The company has pointed to fundraising across its strategies as it seeks to distinguish itself from the broader private credit sector; its shares are down about 35% this year.
