Blue Owl's credit management assets under management surge by 53 percent, reaching an impressive $145 billion.
Blue Owl Capital's Private Credit Platform Experiences Robust Growth
Blue Owl Capital's private credit platform is experiencing significant growth, as evidenced by multibillion-dollar capital raises and an increase in assets under management (AUM).
In July 2025, Blue Owl closed an $850 million private offering of an alternative credit fund focused on asset-based finance, highlighting continued investor confidence and demand for institutional-grade private credit solutions among private wealth clients globally. This fundraising momentum supports the platform's aims of providing private capital solutions focused on long-term business growth and differentiated investment opportunities in alternative credit sectors.
The firm's overall AUM grew from $273 billion as of March 31, 2025, to $284 billion by June 30, 2025. This expansion was primarily due to acquisitions, such as Kuvare and Atalaya, and tailored investor products, significantly bolstering Blue Owl's capital base and fee-earning capacity. As a result, Blue Owl's management fees have grown by more than 30% over the past 12 months.
The co-chief executives of Blue Owl, Doug Ostrover and Marc Lipschultz, stated broad-based momentum across Blue Owl's platforms. Direct lending originations during the quarter were $9.7 billion, with net deployment of direct lending at $2.5 billion. Gross returns for direct lending over the past 12 months were 13.5%, while returns in the second quarter were 3%. Fee-paying AUM reached $93.7 billion, an increase of 47% since June last year.
Blue Owl's efforts for growth over the past year are beginning to show results, including increased global distribution, an expanded suite of offerings, and a wider origination funnel. The firm's growth is clearly fueled by large capital raises and an expanding investor base spanning the Americas, EMEA, and APAC regions.
In summary, Blue Owl Capital's private credit platform has experienced robust recent growth, underscoring a thriving platform aligned with growing institutional and private wealth investor demand. The firm's success is a testament to its commitment to providing innovative private capital solutions and its ability to adapt to market conditions.
Blue Owl Capital's growth can be attributed to its continuous focus on business expansion, as demonstrated by multibillion-dollar capital raises for investing in asset-based finance. The firm's management fees have grown significantly due to these robust fundraising efforts, indicating an increase in financing activities.
