Blue Owl Capital Corporation Reports Strong Q1 2025 Financial Performance
Deal News | May 07, 2025 | Blue Owl Credit Advisors LLC
Blue Owl Capital Corporation reported its first-quarter financial results for 2025, highlighting its merger with Blue Owl Capital Corporation III, resulting in a position as the second-largest externally managed BDC by total assets. The quarter saw a drop in net investment income per share from Q4 2024, attributed to changes in credit spreads and write-downs on select investments, offset partially by over-earning base dividends. New investment commitments reached $1.2 billion, and dividends declared for the quarter amounted to $0.38 per share, leveraging a 10% annualized return. Portfolio investment activity included 236 companies across 30 industries with a fair value of $17.7 billion. Following the merger, Blue Owl had investments in 236 companies, with high liquidity maintained through strategic credit facilities.
Sectors
- Finance
- Investment Management
Geography
- United States – Blue Owl Capital Corporation operates primarily in the U.S. middle-market, making this geography central to its business activities and financial results.
Industry
- Finance – The article centers on Blue Owl Capital Corporation's financial performance, reflecting its operations as a business development company focused on middle-market lending.
- Investment Management – Blue Owl Capital's activities in investment commitments and portfolio management highlight its role in the broader investment and asset management sector.
Financials
- $1.2 billion – New investment commitments for the first quarter of 2025.
- $18 billion – Total assets after merger with Blue Owl Capital Corporation III.
- 10% – Annualized dividend yield based on first-quarter NAV per share.
- $0.41 – First quarter GAAP net investment income per share.
- $0.39 – First quarter adjusted net investment income per share.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Blue Owl Capital Corporation | Company reporting financial results | Company | A business development company focused on U.S. middle-market lending. |
| Blue Owl Capital Corporation III | Merger Partner | Company | Recently merged with Blue Owl Capital Corporation, contributing to its scale and market position. |
| Blue Owl Credit Advisors LLC | External Manager | Company | An SEC-registered investment adviser managing Blue Owl Capital Corporation's portfolio. |
| Craig W. Packer | Chief Executive Officer | Person | CEO of Blue Owl Capital Corporation, commenting on the company's financial performance. |