Blue Owl Capital mentioned that its portfolio of firms has carried out properly over the previous yr, regardless of fears of an financial recession.
Chatting with Bloomberg, co-chief govt Marc Lipschultz mentioned that Blue Owl Capital’s portfolio of 350 firms returned a median of 15 per cent for the choice asset supervisor.
“The economic system learn by our portfolio appears to be like fairly optimistic,” he mentioned.
“Final quarter our firms grew on common by 15 per cent.”
Learn extra: T. Rowe Worth credit score fund closes $300m placement
Lipschultz added that even with increased rates of interest, there aren’t any indicators of financial weak spot inside their portfolio.
Final month, Blue Owl Capital reported a “sturdy quarter and yr of income and earnings progress, showcasing the steadiness, predictability, and resilience that we imagine makes our enterprise mannequin distinct.” This allowed the corporate to extend its 2024 dividend by virtually 30 per cent.
Learn extra: When it rains, it pours: Liquidity particular report
Lipschultz and co-chief govt Doug Ostrover mentioned: “We proceed to see sturdy enlargement throughout every of our companies, reflecting clear investor curiosity in our methods throughout an increasing institutional and wealth footprint.
“Supplementing the scaling of our current platform, we’re growing new capital options for a lot of new markets, laying the inspiration for the following layer of progress.”
Learn extra: Personal debt AUM handed $1.6trn final yr amid “explosive” progress
