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Blue Owl Capital (OWL) - 2025 Q1 - Earnings Call Presentation
2025-05-01 13:21
Financial Highlights - Blue Owl's AUM reached $273.3 billion as of March 31, 2025, a 57% increase since March 31, 2024[3,24] - Fee-Paying AUM (FPAUM) totaled $174.6 billion, up 66% since March 31, 2024[24] - Permanent Capital reached $196.1 billion, a 42% increase since March 31, 2024, generating 89% of management fees over the last twelve months[24,37] - GAAP Net Income attributable to Blue Owl Capital Inc was $7.4 million, or $0.01 per basic Class A Share[24,25] - Fee-Related Earnings (FRE) were $345.4 million, or $0.22 per Adjusted Share[24] - Distributable Earnings (DE) were $262.5 million, or $0.17 per Adjusted Share[24] Revenue Growth - GAAP Management Fees for the last twelve months were $2150.4 million, a 33% increase compared to the prior year[25,28] - FRE Management Fees for the last twelve months were $2175.0 million, a 31% increase compared to the prior year[31,34] - FRE Revenues for the last twelve months were $2304.2 million, a 30% increase compared to the prior year[30,31] Fundraising - New Capital Commitments Raised totaled $10.7 billion in the quarter and $48.6 billion over the last twelve months[24,40] - Total Equity Fundraise was $6.7 billion in the quarter, driven by Credit ($4.0 billion), Real Assets ($2.2 billion), and GP Strategic Capital ($0.6 billion)[24,40]