Blue Owl Capital is one of the world's largest alternative-asset managers, $307.4 billion in total managed assets, including $187.7 billion in fee-earning AUM, at the end of 2025. The company has three core business segments: global private equity, (with $69.1 billion in total AUM and $39.5 billion in fee-earning AUM), private credit ($157.7 billion/$99.5 billion), and real estate/real assets ($80.6 billion/$48.7 billion). The firm primarily serves institutional investors (68% of AUM) and high-net-worth individuals (32%). Blue Owl operates through more than 20 offices in the Americas, and the EMEA and Asia-Pacific regions.
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The chart shows the growth of an initial investment of $10,000 in Blue Owl Capital Inc., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Blue Owl Capital Inc. (OWL) has returned -43.06% so far this year and -42.79% over the past 12 months. Looking at the last ten years, OWL has achieved an annualized return of -1.53%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Blue Owl Capital Inc. (OWL) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -9.37% | -22.14% | -9.69% | -7.65% | ||||||||
| 2025 | 11.15% | -14.46% | -7.56% | -8.09% | 4.36% | 3.00% | 1.47% | -1.96% | -6.88% | -5.23% | -6.02% | 1.08% |
| 2024 | 5.43% | 15.65% | 4.78% | 0.43% | -4.51% | -1.61% | 6.42% | -5.92% | 10.19% | 16.34% | 6.13% | -1.57% |
| 2023 | 19.70% | -1.59% | -9.99% | 3.40% | -8.48% | 16.97% | 6.21% | -1.16% | 7.46% | -4.42% | 8.62% | 10.95% |
| 2022 | -16.24% | -0.16% | 1.20% | -6.36% | 4.07% | -20.02% | 14.10% | -0.80% | -16.17% | 7.28% | 10.35% | -3.28% |
| 2021 | 17.50% | 8.78% | 9.87% | -2.48% | 13.00% | 11.08% | -12.84% | -2.29% |
The charts below present risk-adjusted performance metrics for Blue Owl Capital Inc. (OWL) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of OWL compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Blue Owl Capital Inc. volatility is 2.46%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 12.47B | 10.99B | 8.82B | 8.89B | 8.27B |
| Equity Attributable To Parent (USD) | 2.21B | 2.13B | 1.53B | 1.60B | 1.66B |
| Equity Attributable To Noncontrolling Interest (USD) | 3.85B | 3.68B | 3.75B | 3.94B | 4.18B |
| Equity (USD) | 6.05B | 5.81B | 5.28B | 5.55B | 5.85B |
| Long-term Debt (USD) | 3.32B | 2.59B | 1.68B | 1.62B | 1.17B |
| Noncurrent Liabilities (USD) | - | - | - | - | - |
| Current Liabilities (USD) | 6.41B | 5.19B | 3.54B | 3.34B | 2.42B |
| Liabilities (USD) | 6.41B | 5.19B | 3.54B | 3.34B | 2.42B |
| Fixed Assets (USD) | 218.94M | 187.75M | 134.89M | 71.19M | 7.95M |
| Noncurrent Assets (USD) | - | - | - | - | - |
| Current Assets (USD) | 12.47B | 10.99B | 8.82B | 8.89B | 8.27B |
| Assets (USD) | 12.47B | 10.99B | 8.82B | 8.89B | 8.27B |
Blue Owl Capital stock fell 1.89% after announcing it would cap redemptions at 5% for two of its funds due to elevated withdrawal requests. The move reflects broader concerns in the private credit sector, with peers like Apollo Global Management and Ares Management implementing similar restrictions. The sector faces headwinds from geopolitical tensions and concerns about AI's impact on software companies in private credit portfolios.
Blue Owl Capital (OWL) has experienced a significant 65% decline from highs, driven by weakness in private credit markets and software stock selloffs. Despite bearish sentiment, recent analyst upgrades from BMO Capital Markets, TD Cowen, and Oppenheimer suggest the market may have overreacted. The company's stable fee-based model, 10% dividend yield, and price targets suggesting 150%+ upside appeal to value investors, though the elevated P/E ratio above 80 presents execution risk ahead of earnings.
Goldman Sachs CEO David Solomon warned of growing risks in the private credit market, citing concerns about underwriting quality and exposure to AI-disrupted software companies. The $1 trillion private credit market is showing signs of distress, with Blue Owl Capital down 39% year-to-date and major firms like Blackstone and Morgan Stanley restricting investor withdrawals. A potential liquidity crisis could spread to traditional banks and trigger systemic financial instability.
Blackstone, Brookfield, and KKR have experienced significant stock price declines (22-43.5%) due to private credit sector concerns following high-profile borrower bankruptcies. However, the author argues these alternative asset managers have exceptional track records in credit investing and disciplined portfolios, making the sell-off a buying opportunity despite rising default rates in the private credit market.
Blue Owl Capital's recent restrictions on redemptions from its private debt fund, combined with failures in the private credit sector, signal potential trouble ahead. However, investors with diversified index ETF portfolios are better positioned to weather these challenges. History shows that broad-based index funds have consistently recovered from market downturns, making them a reliable long-term investment strategy despite near-term volatility.
Blue Owl Capital (OWL) declined 3.75% to $10.28 on March 3, 2026, as private credit redemption concerns spread across the sector. The company sold $1.4 billion in direct lending investments at 99.7% of par value and filed a shelf registration for an employee stock ownership plan. Broader markets also weakened, with the S&P 500 falling 0.94% and the Nasdaq dropping 1.02%, while peers Blackstone and KKR also experienced declines amid scrutiny of non-bank lenders.
Wall Street faced significant turmoil this week as a research report warning of mass white-collar unemployment from AI disruption sparked market anxiety. Despite Nvidia delivering strong earnings, its stock fell 5%, signaling shifting investor sentiment. Stress spread beyond tech to private equity, with Apollo Global Management and other financial stocks posting their worst days since April 2025. A major rotation is underway, with energy and value stocks outperforming technology for the first time in years.
Nvidia experienced profit-taking after earnings despite beating expectations, but analyst maintains $300 price target by end of 2026 and $500 by decade's end. Data center stocks also beat guidance with rising backlogs. Market volatility was driven by Blue Owl's private credit redemption freeze, impacting financial stocks. Despite recent volatility, strong economic growth and accommodative Fed policy are expected to support stock market momentum.
Blue Owl Capital halted redemptions in its retail-focused private credit fund, exposing structural tensions in the $1.8 trillion private credit market. The episode reveals that illiquidity premiums only work when investors remain patient, but retail investors tend to panic when liquidity is restricted. Valuation gaps between private NAVs and public market pricing, combined with concerns about software lending and AI disruption, triggered redemption surges. The incident suggests retail participation in private credit may be fundamentally incompatible with illiquid asset structures.
Blue Owl Capital rose 2.63% on Feb. 24, 2026, as investors reassessed the company's liquidity management following tightened withdrawal restrictions on its private credit fund. The CEO's commitment to return 30% of investor capital at book value within 45 days helped restore confidence. The broader market gained with the S&P 500 up 0.77% and Nasdaq up 1.04%, while alternative asset managers Blackstone and KKR also posted gains.