# BLUE OWL CAPITAL INC.

Summary updated: 2026-09-28T11:20:42.679819Z
Canonical: https://finbar.com/research/companies/blue-owl-capital

## Overview

Blue Owl Capital Inc. is a global alternative asset manager that invests private capital and provides financing solutions to businesses, while offering investment opportunities to institutional, private-wealth and insurance investors. Formed in 2021 through the combination of Owl Rock and Dyal Capital, it operates across three investment platforms: Credit, Real Assets and GP Strategic Capital. Its strategies include direct lending, real estate and digital infrastructure investments, and financing for and stakes in other alternative asset managers. Blue Owl’s stated focus is to support businesses’ long-term growth while seeking attractive risk-adjusted returns for investors. [1](https://app.finbar.com/go?id=P9078523)[2](https://app.finbar.com/go?id=P12957594)[3](https://app.finbar.com/go?id=P62058737)[4](https://app.finbar.com/go?id=P12993144)[5](https://app.finbar.com/go?id=P68247959)[6](https://app.finbar.com/go?id=P65394285)

Headquartered in New York, Blue Owl reported $307.4 billion in assets under management and approximately 1,365 professionals globally at December 31, 2025. Revenue for 2025 was approximately $2.87 billion, generated primarily through investment-advisory and management agreements. [7](https://www.sec.gov/Archives/edgar/data/1823945/000182394526000009/0001823945-26-000009-index-headers.html)[1](https://app.finbar.com/go?id=P9078523)[8](https://app.finbar.com/go?id=T80077)[9](https://app.finbar.com/go?id=T2401553)[10](https://app.finbar.com/go?id=P103774994)
[1](https://app.finbar.com/go?id=P9078523)[2](https://app.finbar.com/go?id=P12957594)[3](https://app.finbar.com/go?id=P62058737)[4](https://app.finbar.com/go?id=P12993144)[5](https://app.finbar.com/go?id=P68247959)[6](https://app.finbar.com/go?id=P65394285)[8](https://app.finbar.com/go?id=T80077)[9](https://app.finbar.com/go?id=T2401553)[10](https://app.finbar.com/go?id=P103774994)[7](https://www.sec.gov/Archives/edgar/data/1823945/000182394526000009/0001823945-26-000009-index-headers.html)

## Products & services

Blue Owl Capital offers private-credit investment products through business development companies (BDCs), private funds, managed accounts and collateralized loan obligations. Its strategies include direct lending to upper-middle-market companies, technology-focused lending, alternative and investment-grade credit, and liquid credit. Named BDCs include Blue Owl Capital Corporation (OBDC), Blue Owl Technology Finance Corp. (OTF), Blue Owl Credit Income Corp. (OCIC) and Blue Owl Technology Income Corp. (OTIC). [11](https://app.finbar.com/go?id=P45366983)[12](https://app.finbar.com/go?id=P45677461)[13](https://app.finbar.com/go?id=T4994638)

Its GP Strategic Capital products provide minority-equity investments and debt financing to private-capital managers, alongside a strategy for minority stakes in professional sports franchises. The platform also offers strategic support services to partner managers. Its real-assets products encompass net-lease real estate, sale-leaseback investments and real-estate credit, including private debt, securities and customized financing. Vehicles include Blue Owl Real Estate Net Lease Trust and digital-infrastructure funds focused on data centers and related connectivity assets. [14](https://app.finbar.com/go?id=P57555384)[15](https://app.finbar.com/go?id=P52420104)[16](https://app.finbar.com/go?id=P94671619)[17](https://app.finbar.com/go?id=P100278950)[18](https://www.blueowl.com/real-assets)[19](https://www.blueowl.com/news/blue-owl-capital-announces-7-billion-final-close-digital-infrastructure-fund)

In 2024, Credit generated approximately 62% of Blue Owl’s net management fees, GP Strategic Capital 29%, and Real Assets 9%. These figures describe fee mix rather than investment returns; the proportions may change as the product mix evolves. [20](https://app.finbar.com/go?id=T2266633)[21](https://app.finbar.com/go?id=T133272)
[11](https://app.finbar.com/go?id=P45366983)[12](https://app.finbar.com/go?id=P45677461)[13](https://app.finbar.com/go?id=T4994638)[14](https://app.finbar.com/go?id=P57555384)[15](https://app.finbar.com/go?id=P52420104)[16](https://app.finbar.com/go?id=P94671619)[17](https://app.finbar.com/go?id=P100278950)[20](https://app.finbar.com/go?id=T2266633)[20](https://app.finbar.com/go?id=T2266633)[20](https://app.finbar.com/go?id=T2266633)[21](https://app.finbar.com/go?id=T133272)[18](https://www.blueowl.com/real-assets)[19](https://www.blueowl.com/news/blue-owl-capital-announces-7-billion-final-close-digital-infrastructure-fund)

## Geographic presence

Blue Owl Capital is headquartered in New York City, with principal executive offices at 399 Park Avenue. Its U.S. office locations include Boston, Chicago, Dallas, Greenwich, Menlo Park, Miami, San Francisco and Short Hills. The firm also maintains offices outside the United States, including in London, Hong Kong and Singapore. [22](https://app.finbar.com/go?id=P33809727)[23](https://www.blueowl.com/contact)[24](https://www.blueowl.com/news/amy-ward-joins-owl-rock-capital-managing-director-lead-new-london-office)[25](https://www.blueowl.com/news/blue-owl-acquires-ascentium-establish-hong-kong-presence-part-further-apac-expansion)

Despite this international office footprint, substantially all of Blue Owl’s revenue is generated in the United States. It does not disclose a country-by-country revenue split or a regional employee breakdown. [26](https://app.finbar.com/go?id=P3023190)
[22](https://app.finbar.com/go?id=P33809727)[26](https://app.finbar.com/go?id=P3023190)[23](https://www.blueowl.com/contact)[24](https://www.blueowl.com/news/amy-ward-joins-owl-rock-capital-managing-director-lead-new-london-office)[25](https://www.blueowl.com/news/blue-owl-acquires-ascentium-establish-hong-kong-presence-part-further-apac-expansion)

## Business segments

Blue Owl Capital reports one operating and reportable segment: asset-management services. It also describes its business through three investment platforms—Credit, Real Assets, and GP Strategic Capital—which are not separate reportable segments.[26](https://app.finbar.com/go?id=P3023190)[27](https://app.finbar.com/go?id=P102328730)

Credit covers direct lending, alternative credit, investment-grade credit, liquid credit and related strategies. Real Assets focuses on net lease, real estate credit and digital infrastructure. GP Strategic Capital provides capital to private capital managers through investments that include minority equity stakes and debt financing.[28](https://app.finbar.com/go?id=P75414897)[4](https://app.finbar.com/go?id=P12993144)[5](https://app.finbar.com/go?id=P68247959) In 2025, Credit, Real Assets and GP Strategic Capital contributed approximately 61%, 15% and 24%, respectively, of the company’s platform-level fee-related earnings (FRE) revenues. Their shares of year-end assets under management were approximately 51%, 26% and 22%, respectively. These are platform measures, not GAAP revenue shares for separate reportable segments.[29](https://app.finbar.com/go?id=T2480677)[30](https://app.finbar.com/go?id=T13842200)
[26](https://app.finbar.com/go?id=P3023190)[27](https://app.finbar.com/go?id=P102328730)[28](https://app.finbar.com/go?id=P75414897)[4](https://app.finbar.com/go?id=P12993144)[5](https://app.finbar.com/go?id=P68247959)[29](https://app.finbar.com/go?id=T2480677)[29](https://app.finbar.com/go?id=T2480677)[29](https://app.finbar.com/go?id=T2480677)[29](https://app.finbar.com/go?id=T2480677)[30](https://app.finbar.com/go?id=T13842200)[30](https://app.finbar.com/go?id=T13842200)[30](https://app.finbar.com/go?id=T13842200)[30](https://app.finbar.com/go?id=T13842200)

## Company history

Blue Owl Capital traces its origins to two investment businesses: Dyal Capital Partners, established in 2011 and founded by Michael Rees to invest in alternative-asset managers, and Owl Rock, formed in 2016 by Doug Ostrover, Marc Lipschultz and Craig Packer as a direct lender. [31](https://www.privateequitywire.co.uk/building-long-lasting-institutions-partner-gps/)[32](https://www.blueowl.com/our-team/michael-rees)[33](https://www.fitchratings.com/research/structured-finance/owl-rock-division-of-blue-owl-03-05-2022) The businesses combined through a transaction with Altimar Acquisition Corporation in May 2021, creating Blue Owl Capital Inc.; its shares began trading on the New York Stock Exchange under the symbol OWL on May 20, 2021. [34](https://ir.blueowl.com/Investors/news/news-details/2021/Owl-Rock-and-Dyal-Complete-Business-Combination-Newly-Formed-Blue-Owl-Commences-Trading-on-NYSE/default.aspx)

Blue Owl expanded beyond its original direct-lending and investment-manager-stakes businesses by acquiring Oak Street Real Estate Capital, a net-lease real estate investor, in December 2021 and Wellfleet Credit Partners in April 2022. [35](https://ir.blueowl.com/Investors/news/news-details/2021/Blue-Owl-Capital-Completes-Acquisition-of-Oak-Street-Real-Estate-Capital/default.aspx)[36](https://www.blueowl.com/news/blue-owl-capital-completes-acquisition-wellfleet-credit-partners) It subsequently acquired Kuvare Asset Management and Atalaya Capital Management’s business in 2024, followed by IPI Partners’ digital-infrastructure business in January 2025. [37](https://www.blueowl.com/news/blue-owl-capital-completes-acquisition-kuvare-asset-management)[38](https://www.blueowl.com/news/blue-owl-capital-completes-acquisition-atalaya-capital-managements-business)[39](https://www.blueowl.com/news/blue-owl-capital-completes-acquisition-ipi-partners-business)
[31](https://www.privateequitywire.co.uk/building-long-lasting-institutions-partner-gps/)[32](https://www.blueowl.com/our-team/michael-rees)[33](https://www.fitchratings.com/research/structured-finance/owl-rock-division-of-blue-owl-03-05-2022)[34](https://ir.blueowl.com/Investors/news/news-details/2021/Owl-Rock-and-Dyal-Complete-Business-Combination-Newly-Formed-Blue-Owl-Commences-Trading-on-NYSE/default.aspx)[35](https://ir.blueowl.com/Investors/news/news-details/2021/Blue-Owl-Capital-Completes-Acquisition-of-Oak-Street-Real-Estate-Capital/default.aspx)[36](https://www.blueowl.com/news/blue-owl-capital-completes-acquisition-wellfleet-credit-partners)[37](https://www.blueowl.com/news/blue-owl-capital-completes-acquisition-kuvare-asset-management)[38](https://www.blueowl.com/news/blue-owl-capital-completes-acquisition-atalaya-capital-managements-business)[39](https://www.blueowl.com/news/blue-owl-capital-completes-acquisition-ipi-partners-business)

## Sources

1. [BLUE OWL CAPITAL INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P9078523)
2. [BLUE OWL CAPITAL INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P12957594)
3. [BLUE OWL CAPITAL INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P62058737)
4. [BLUE OWL CAPITAL INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P12993144)
5. [BLUE OWL CAPITAL INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P68247959)
6. [BLUE OWL CAPITAL INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P65394285)
7. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1823945/000182394526000009/0001823945-26-000009-index-headers.html)
8. [BLUE OWL CAPITAL INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T80077)
9. [BLUE OWL CAPITAL INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T2401553)
10. [BLUE OWL CAPITAL INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P103774994)
11. [BLUE OWL CAPITAL INC. — Full financial report (2024 Y)](https://app.finbar.com/go?id=P45366983)
12. [BLUE OWL CAPITAL INC. — Full financial report (2024 Y)](https://app.finbar.com/go?id=P45677461)
13. [BLUE OWL CAPITAL INC. — Full financial report (2024 Y)](https://app.finbar.com/go?id=T4994638)
14. [BLUE OWL CAPITAL INC. — Full financial report (2024 Y)](https://app.finbar.com/go?id=P57555384)
15. [BLUE OWL CAPITAL INC. — Full financial report (2024 Y)](https://app.finbar.com/go?id=P52420104)
16. [BLUE OWL CAPITAL INC. — Full financial report (2024 Y)](https://app.finbar.com/go?id=P94671619)
17. [BLUE OWL CAPITAL INC. — Full financial report (2024 Y)](https://app.finbar.com/go?id=P100278950)
18. [www.blueowl.com](https://www.blueowl.com/real-assets)
19. [www.blueowl.com](https://www.blueowl.com/news/blue-owl-capital-announces-7-billion-final-close-digital-infrastructure-fund)
20. [BLUE OWL CAPITAL INC. — Full financial report (2024 Y)](https://app.finbar.com/go?id=T2266633)
21. [BLUE OWL CAPITAL INC. — Full financial report (2024 Y)](https://app.finbar.com/go?id=T133272)
22. [BLUE OWL CAPITAL INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P33809727)
23. [www.blueowl.com](https://www.blueowl.com/contact)
24. [www.blueowl.com](https://www.blueowl.com/news/amy-ward-joins-owl-rock-capital-managing-director-lead-new-london-office)
25. [www.blueowl.com](https://www.blueowl.com/news/blue-owl-acquires-ascentium-establish-hong-kong-presence-part-further-apac-expansion)
26. [BLUE OWL CAPITAL INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P3023190)
27. [BLUE OWL CAPITAL INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P102328730)
28. [BLUE OWL CAPITAL INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P75414897)
29. [BLUE OWL CAPITAL INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T2480677)
30. [BLUE OWL CAPITAL INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T13842200)
31. [www.privateequitywire.co.uk](https://www.privateequitywire.co.uk/building-long-lasting-institutions-partner-gps/)
32. [www.blueowl.com](https://www.blueowl.com/our-team/michael-rees)
33. [www.fitchratings.com](https://www.fitchratings.com/research/structured-finance/owl-rock-division-of-blue-owl-03-05-2022)
34. [ir.blueowl.com](https://ir.blueowl.com/Investors/news/news-details/2021/Owl-Rock-and-Dyal-Complete-Business-Combination-Newly-Formed-Blue-Owl-Commences-Trading-on-NYSE/default.aspx)
35. [ir.blueowl.com](https://ir.blueowl.com/Investors/news/news-details/2021/Blue-Owl-Capital-Completes-Acquisition-of-Oak-Street-Real-Estate-Capital/default.aspx)
36. [www.blueowl.com](https://www.blueowl.com/news/blue-owl-capital-completes-acquisition-wellfleet-credit-partners)
37. [www.blueowl.com](https://www.blueowl.com/news/blue-owl-capital-completes-acquisition-kuvare-asset-management)
38. [www.blueowl.com](https://www.blueowl.com/news/blue-owl-capital-completes-acquisition-atalaya-capital-managements-business)
39. [www.blueowl.com](https://www.blueowl.com/news/blue-owl-capital-completes-acquisition-ipi-partners-business)

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