Blue Owl Capital Inc. (NYSE:OWL) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET

Company Participants

Ann Dai - Head, Investor Relations

Doug Ostrover - Co-Chief Executive Officer

Marc Lipschultz - Co-Chief Executive Officer

Alan Kirshenbaum - Chief Financial Officer

Conference Call Participants

Craig Siegenthaler - Bank of America

Alex Blostein - Goldman Sachs

Patrick Davitt - Autonomous Research

Steven Chubak - Wolfe Research

Brian McKenna - JMP Securities

Brennan Hawken - UBS

Alex Bernstein - JPMorgan

Mike Brown - KBW

Operator

Ladies and gentlemen, thank you for standing by. My name is Bhavesh, and I will be your conference operator today. At this time, I would like to welcome everyone to the Blue Owl Q3 2023 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there be a question-and-answer session. [Operator Instructions]

Thank you. I will now hand the call over to Ann Dai, Head of Investor Relations. You may begin your conference.

Ann Dai

Thanks, Operator, and good morning, everyone. Joining me today are Doug Ostrover and Marc Lipschultz, Co-Chief Executive Officers; 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-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 a solicitation of an offer to purchase an interest in any Blue Owl Fund.

This morning we issued our financial results for the third 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 declared a dividend of $0.14 per share for the third quarter payable on November 30th to holders of record as of November 20th.

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.