Blue Owl Stock Climbs on Solid Earnings -- WSJ

By Matt Wirz

Blue Owl Capital's stock is taking flight this morning, rising about 5% after the private-credit fund manager reported a surge in fundraising from institutional investors and steady growth in fee-related earnings.

The firm reported $10.2 billion of fundraising in the third quarter, a 34% jump from the previous quarter driven by $8.3 billion in new investments from institutions. The strong performance indicates that large clients like pension funds and insurers may be looking through troubles in Blue Owl's business focused on individual investors, where fundraising was roughly flat at $1.9 billion.

Fee-related earnings, a key metric in the asset management industry, grew 14% year-over-year to $427 million driven primarily by transaction and other fees. Management fees grew a slower 5%, in part because of slow deployment.

Investment-grade credit took in the most new funds during the quarter at $2.3 billion. That may relate to co-founder Doug Ostrover's growing focus on managing money for insurers, a strategy that larger competitors like Apollo Global Management, Blackstone and KKR have used to turbocharge growth

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October 29, 2026 10:55 ET (14:55 GMT)