Significant Growth in Management and Fee-Related Earnings
Management fees grew by 26%, fee-related earnings by 27%, and distributable earnings by 22% over the last year. Over 14 consecutive quarters, management fees grew by nearly 200% and FRE by over 150%.
Successful Strategic Acquisitions
Acquisition of IPI's business strengthens Blue Owl's presence in the digital infrastructure ecosystem. Atalaya's acquisition enhances the alternative credit platform.
Record Fundraising
Second highest quarter of fundraising with $7.9 billion of equity capital raised, $12 billion including debt. Private wealth fundraising constituted $4.2 billion, a record quarter for this channel.
Strong Performance in Credit and GP Strategic Capital
Gross originations of $10.9 billion in credit, net funded deployment of $4.3 billion. GP Strategic Capital showed strong fund performance with net IRRs of 23% for Fund III, 39% for Fund IV, and 15% for Fund V.
Enhanced Institutional and Wealth Relationships
Significant engagement with institutional investors and wealth platforms, resulting in robust inflows and new product development discussions.