Blue Owl二季度旗舰私募信用募资降至三年最低，但费用收益仍超预期

Blue Owl’s private credit fundraising falls to slowest pace in three years
Blue Owl Capital’s flagship private credit arm reported its slowest pace of fundraising in three years in the second quarter, underscoring the waning appetite for the asset class.
The New York-headquartered firm said on Thursday that its flagship credit arm raised $1.8bn in the three months to the end of June, less than half the amount of the previous quarter.
It was the smallest amount of capital the unit has drawn in a quarter since 2023, with a deluge of redemption requests from wealthy individuals weighing on the private credit division.
Blue Owl, which has expanded beyond its private credit roots through a spree of acquisitions, reported overall fundraising of $7.6bn in the quarter, its lowest level in over a year. That was slightly ahead of Wall Street expectations.
New investor commitments were driven by its real-assets strategies, which accounted for nearly 60 per cent of the firm’s fundraising in the quarter.
The business, which invests in AI data centres and property credit, raised $4.4bn in the three-month period and now accounts for more than a quarter of Blue Owl’s $319bn of assets under management.
The company said management fees rose 8 per cent from a year earlier to $673mn. Fee-related earnings, a metric closely scrutinised by investors, rose 9 per cent from a year ago to $392mn. Both figures eclipsed Wall Street forecasts.
“We think our success to date has been a result of our focus on creating outstanding outcomes for the investors in our strategies,” Blue Owl’s co-chief executives Doug Ostrover and Marc Lipschultz said in a statement. “The results we reported this morning continue to demonstrate the resilience of our business.”