Blue Owl Capital (NYSE:OBDC) (NYSE: OBDC) is a New York–based alternative asset manager specializing in credit and private equity solutions. The firm operates through three core platforms—Direct Lending, GP Strategic Capital and Permanent Capital—providing bespoke financing to middle-market companies and strategic minority investments in alternative asset managers. Through its listed business development company, OBDC focuses on delivering senior secured loans, unitranche structures and preferred equity to corporate borrowers seeking flexible capital solutions.
In its Direct Lending platform, Blue Owl partners with private equity sponsors to underwrite floating-rate debt across sectors such as healthcare, technology, business services and industrials. The GP Strategic Capital arm acquires non-controlling interests in private equity, real estate and hedge fund managers, offering them permanent capital to support liquidity, succession planning and platform growth. The Permanent Capital division, branded Oak Street, invests in long-duration credit and real estate opportunities, blending opportunistic and yield-oriented strategies.
Blue Owl Capital was formed in May 2021 through the merger of Owl Rock, founded in 2016, and Dyal Capital Partners, established in 2011. Since its creation, the firm has expanded its geographic footprint beyond North America, operating out of offices in New York, Chicago, San Francisco, London and Dublin. This global presence enables Blue Owl to source transactions across developed markets and serve a diverse client base of institutional investors, family offices and financial sponsors.
The company is led by a senior management team with decades of experience across credit markets, investment banking and alternative asset management. Its leadership group, comprising co-founders and industry veterans, is supported by an independent board of directors with deep expertise in corporate governance and risk oversight. Together, they oversee disciplined underwriting, rigorous due diligence and a risk-adjusted approach to capital deployment.
