Blue Owl Capital

At the Barclays conference Blue Owl said assets under management have grown to $320bn since the IPO and around 98–100% of revenues came from management fees. Credit, real-assets and GP stake segments delivered strong returns; real assets and data centers are seen as the main growth drivers (more than 140 data centers, ~15 GW capacity). Near-term headwinds include lower transaction activity and redemption pressure in the retail business, where penetration is below 5%. Management’s target is an operating margin of 58.5% by 2027 and further deployment to realize additional growth. » More on de.investing.com

Funds managed by Blue Owl are leading a $2.4 billion financing for IREN, consisting of a $1.2 billion secured senior loan and $1.2 billion of secured senior notes. The proceeds will finance the purchase of air‑cooled NVIDIA Blackwell Ultra GPUs for IREN’s data center campus in Mackenzie, Canada, and will be provided in tranches over a set drawdown period. The financing supports the expansion of IREN’s AI cloud infrastructure, which has a global development pipeline of more than 5 GW. » More on de.investing.com

Blue Owl, through its subsidiary Blue Owl Finance LLC, issued senior notes totaling $750 million due 2036 with a 6.75% coupon. The notes are guaranteed by Blue Owl and several subsidiaries and are intended to be used partly to repay the revolver credit facility. BofA Securities, Goldman Sachs and Morgan Stanley acted as joint book-running managers; the offering was made under an effective shelf registration with the SEC and is subject to customary closing conditions. » More on de.investing.com