Blue Owl Capital Reports Record Fundraising and AUM Growth
Blue Owl Capital's stock rose by 7.87% as it crossed above the 5-day SMA, reflecting positive investor sentiment.
The company achieved a record $17 billion in new capital commitments in Q4 2025, totaling $56 billion for the year, which demonstrates strong investor interest in its strategies. Additionally, Blue Owl's assets under management surpassed $300 billion, marking a significant milestone and showcasing its continued strong investment performance. The firm also declared a quarterly dividend of $0.225 per Class A Share, payable on March 2, 2026, further highlighting its commitment to shareholder returns.
This strong fundraising and AUM growth indicate that Blue Owl Capital is well-positioned for future expansion, despite facing some recent challenges, including class action lawsuits. The positive developments may help bolster investor confidence moving forward.
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- Market Capitalization Loss: The software sector's selloff has wiped out nearly $1 trillion in market capitalization, leading the Dow Jones US Asset Managers Index to decline nearly 5% this week, reflecting investor concerns over loan and leverage exposure.
- Declining Private Equity Deal Volumes: Morgan Stanley noted that technology services deal volumes account for nearly 21% of overall private equity activity, with TPG, Carlyle, and KKR slightly above this level, indicating weakened market confidence in software-related investments.
- Rising Loan Risks: Software borrowers are shouldering an average debt-to-EBITDA ratio of 7.4 times, significantly higher than the 5.9 times average across a $1 trillion loan pool studied by KBRA, highlighting the private credit market's heavy reliance on the software sector and its associated risks.
- Portfolio Review: Companies like Ares and KKR are reviewing their portfolios to assess the impact of AI on their software investments, demonstrating a cautious approach among asset managers in the face of market volatility.

- Private Credit Sector: The emergence of private credit "cockroaches" indicates a shift in the market, particularly affecting the software sector.
- Investment Opportunities: This situation may present new investment opportunities in shares of business development companies that hold the debt of these affected companies.

- Private Credit Sector: The private credit sector is facing challenges, likened to "cockroaches" emerging from the software industry.
- Opportunities in Business Development Companies: This situation may present investment opportunities in business development companies that hold the debt of affected firms.
- Target Price Adjustment: Blue Owl Capital has reduced its target price for Oppenheimer from $27 to $24.
- Market Impact: This adjustment may influence investor sentiment and trading strategies related to Oppenheimer's stock.
- Strong Software Loan Performance: Co-CEO Marc Lipschultz stated that Blue Owl's software loan book remains robust without any performance declines, with loans averaging 30% of enterprise value and possessing 'huge' equity cushions, indicating the firm's resilience in the tech sector.
- Asset Management Growth: Blue Owl's assets under management (AUM) increased by 22% to $307 billion as of December 31, 2024, primarily driven by new capital commitments and the acquisition of IPI, showcasing the company's strong market appeal.
- Significant Capital Commitments: The firm raised $17 billion in new capital commitments in the recent quarter, totaling $56 billion for the year, reflecting Blue Owl's success in attracting investors and enhancing its financial position.
- Challenges in Private Credit: Despite strong growth, CFO Alan Kirshenbaum noted that the firm is behind its Investor Day goals due to headwinds in private credit, indicating the complexities of the current market environment.
- Record Fundraising: Blue Owl Capital raised a total of $56 billion in 2025, with over $17 billion raised in Q4 alone, demonstrating significant growth across diversified investment strategies and solidifying its leadership position in the global market.
- Strong Investment Returns: The company reported net lease gross returns exceeding 13% in 2025, with the ORENT product net return at approximately 11%, which not only boosts investor confidence but also lays a strong foundation for future capital inflows.
- Increased Shareholder Returns: Blue Owl declared a fixed annual dividend of $0.92 per share for 2026, translating to a quarterly dividend of $0.23, reflecting the company's commitment to creating shareholder value while maintaining profitability, which is expected to attract more investors.
- Robust Financial Performance: The company reported FRE of $0.27 per share for Q4, with a 12% growth in FRE for the full year, while AUM reached $300 billion, indicating effective strategies in risk management and liquidity that enhance market confidence.









