Blue Owl Capital Inc. (NYSE:OWL) Q3 2022 Earnings Conference Call November 4, 2022 8:30 AM ET

Company Participants

Doug Ostrover - Co-Founder & CEO

Alan Kirshenbaum - CFO

Marc Lipschultz - Co-Founder and Co-President

Michael Rees - Co-Founder and Co-President

Ann Dai - MD & Head of IR

Conference Call Participants

Alex Blostein - Goldman Sachs

Glenn Schorr - Evercore ISI

Craig Siegenthaler - Bank of America Securities

Bill Katz - Credit Suisse

Ken Worthington - JPMorgan

Adam Beatty - UBS

Brian Bedell - Deutsche Bank

Sumeet Mody - Piper Sandler

Operator

Good morning. My name is Sophiana, and I will be your conference operator for today. At this time, I would like to welcome you to the Blue Owl third quarter 2022 earnings call. Today’s call is being recorded. All lines have been placed on mute to prevent any background noise, and after the speaker’s remarks, there will a question-and-answer session. [Operator Instructions].

Thank you. And I would now like to turn the conference over to Ann Dai. Please go ahead.

Ann Dai

Thanks, operator, and good morning to everyone. Joining me today are Doug Ostrover, our Chief Executive Officer; Marc Lipschultz and Michael Rees, our Co-Presidents; and Alan Kirshenbaum, our 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-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 a solicitation of an offer to purchase any interest in a Blue Owl fund. This morning, we issued our financial results for the third quarter of 2022, and reported Fee-Related Earnings, or FRE, of $0.15 per share, and distributable earnings, or DE, of $0.14 per share. We also declared a dividend of $0.12 per share payable on November 30 to shareholders of record as of November 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.