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Blue Owl Capital (NYSE:OWL) has been expanding in private credit, GP stakes, and real assets, and is backed by one of the highest permanent capital concentrations in the industry. Since my February analysis
Blue Owl Capital: A Good Long-Term Investment
Summary
- Blue Owl Capital's high permanent capital base, strong fee growth, and expanding real assets should support consistent earnings across market cycles.
- Recent launches, including the OTF public listing and the ODI III digital infrastructure fund, are expected to drive ~$450M in new annual management fees.
- Retail fundraising is now a core strength, providing steady inflows and broadening the investor base. This supports OWL's ambitious AUM and FRE targets.
- Citing the ~4.75% dividend yield, robust earnings growth, and a low valuation versus peers, I reiterate a Buy rating for long-term investors.
Joseph Jones, professor at The University of Southern Mississippi, has over fifteen years of experience studying the market. He focuses on portfolio construction from a dividend growth investor's perspective. The insights expressed in his research are solely his own; they do not represent the views or financial interests of his employer.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of OWL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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