Private Lenders Storm Public Bond Markets at Record-Setting Pace [BNN Bloomberg (Canada)]
Blue Owl Capital Inc. Class A (OWL)
Company Research
Source: BNN Bloomberg
Private credit funds known as business development companies have raised over $13.4 billion in the US investment-grade bond market so far this year, according to data compiled by Deutsche Bank AG. That's already nearly double the $8 billion raised over the entire course of 2023, and the highest since 2021, when $21.4 billion was sold. The bond-selling spree has driven money into a market that already has plenty of liquidity. Private credit funds have a record amount of dry powder to invest — around $500 billion. And the opportunities for putting that money to work are increasingly limited, partly because the leveraged buyouts that are often financed by private credit have been drying up. But in the investment-grade corporate bond market, investors are largely shrugging off these risks, underscoring how intense demand is for notes carrying relatively high credit ratings. BDCs are now finding cheaper financing in the unsecured corporate bond market than in the secured market, in so
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News
- Blue Owl Capital Inc. (NYSE: OWL) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $23.00 price target on the stock.MarketBeat
- Joe Tsai-Backed Blue Pool Lures $500 Million for Hedge Fund Bets [Yahoo! Finance]Yahoo! Finance
- Joe Tsai-Backed Blue Pool Lures $500 Million for Hedge Fund Bets [BNN Bloomberg (Canada)]BNN Bloomberg
- Blue Owl Capital: Fat 10% Yield [Seeking Alpha]Seeking Alpha
- Blue Owl Capital Announces Key Institutional Hires to Expand Existing Client Coverage Across Europe [Yahoo! Finance]Yahoo! Finance
OWL
Earnings
- 5/3/24 - Miss
OWL
Sec Filings
- 6/28/24 - Form S-8
- 6/20/24 - Form 8-K/A
- 6/14/24 - Form 8-K
- OWL's page on the SEC website