Blue Owl Capital Inc. (NYSE:OWL) Q2 2023 Earnings Call August 1, 2023 8:30 AM ET

Company Participants

Ann Dai - Head of Investor Relations

Douglas Ostrover - Co-Chief Executive Officer

Marc Lipschultz - Co-Chief Executive Officer

Michael Rees - Co-President

Alan Kirshenbaum - Chief Financial Officer

Conference Call Participants

Glenn Schorr - Evercore ISI

Alex Blostein - Goldman Sachs

Craig Siegenthaler - Bank of America

Patrick Davitt - Autonomous Research

Brian McKenna - JMP Securities

Adam Beatty - UBS

Ken Worthington - J.P. Morgan

Brian Bedell - Deutsche Bank

Operator

Good morning and welcome to the Blue Owl Capital's Second Quarter 2023 Earnings Call. During the presentation, your lines will remain on listen-only. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] I would like to advise all parties, that this conference call is being recorded.

I will now turn the call over to Ann Dai, Head of Investor Relations for Blue Owl.

Ann Dai

Thanks, operator, and good morning, everyone. Joining me today are Doug Ostrover and Marc Lipschultz, Co-Chief Executive Officers; Michael Rees, Co-President; and Alan Kirshenbaum, Chief Financial Officer.

I'd like to remind our listeners that remarks made during the call may contain forward-looking statements, which are not a guarantee of future performance or results and involve a number of risks and uncertainties that are outside the company's control. Actual results may differ materially from those in forward-looking statements as a result of a number of factors, including those described from time to time in Blue Owl Capital's filings with the Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statements. We'd also like to remind everyone that we'll refer to non-GAAP measures on the call, which are reconciled to GAAP figures in our earnings presentation, available on the Investor Resources section of our website at blueowl.com.

Please note that nothing on this call constitutes an offer to sell or solicitation of an offer to purchase, and interest in any Blue Owl fund. This morning, we issued our financial results for the second quarter of 2023, reporting fee-related earnings or FRE of $0.17 per share and distributable earnings or DE of $0.16 per share. We’ve declared a dividend of $0.14 per share for the second quarter, payable on August 31, to holders of record as of August 21. During the call today, we'll be referring to the earnings presentation, which we posted to our website this morning. So, please have that on hand to follow along.