Alternative asset manager Blue Owl Capital has reported a rise in its Q3 profit, powered by strong performance across its credit and real-assets units, according to a report by Reuters.
Total assets under management jumped 26% for the quarter to $295.6bn. The firm said new capital commitments reached $14bn in the quarter and about $57bn over the past 12 months, highlighting broad institutional interest across its platforms.
The credit business grew 18% to $152.1bn assets under management, with direct-lending originations of $10.9bn and net deployment of $2.9bn. Blue Owl’s real assets offering, spanning net-lease, digital infrastructure and real estate credit, also contributed to the momentum.
Fee-related earnings per share rose to $0.24, up from $0.22 a year earlier, while adjusted distributable earnings reached $0.22 per share, compared with $0.20 a year ago.
