I'm pleased to announce that our two public BDCs, OBDC and OBDE, had strong starts to the year, delivering another quarter of record NAVs per share. Across both funds, we delivered an annualized dividend yield over 10%, which we believe is especially attractive for portfolios of predominantly first lien loans. This performance reflects our continued focus on credit selection, which remains unwavering. Grateful for the support of our team and our shareholders.
Craig Packer’s Post
More Relevant Posts
-
My latest trip overseas took me back to Europe for a packed week with members of the Blue Owl team, clients, and key partners in the UK, Switzerland, and Germany. It’s always a pleasure to spend time with the team and to see firsthand the continued growth and expansion of our presence in the region as we’ve recently announced key hires focused on expanding our reach in London, the DACH region, BeNeLux and the Nordics. We will continue to add additional resources during the remainder of 2024 and 2025 to better partner with existing and prospective clients.
-
-
Started off my latest trip across the pond strong! Had the pleasure of speaking at a Local Government Pension Scheme Investment dinner with our partners at Crispin Derby Ltd. Thanks to those who joined us for an evening of insights and lively discussion - I enjoyed sharing my perspective on the current market environment and hearing from the audience on what is top of mind for them, including how to access incremental yield within their credit allocation while maintaining high underwriting standards. I look forward to continuing these conversations on future trips.
-
-
At Blue Owl, building strong, lasting partnerships with the businesses we support is essential. Our 3rd Annual CFO Forum brought together CFOs from our portfolio companies for a day of expert presentations, market insights, and engaging discussions. A key theme this year was resilience — resilience both in our companies who need to respond to ever-changing market conditions, as well as in our CFOs, who are being asked to do more personally to drive their organization’s success. Each year I appreciate the opportunity to talk with our CFOs and hear what’s top of mind for them – this year was no different. Thank you to all who joined us, and to all of our portfolio company CFOs for trusting us as your lender in achieving your business goals. Many thanks to Susan David, Ph.D. and James Bullard for joining us as keynote speakers.
-
Blue Owl Capital’s Credit team & I recently got together for a Career Discovery Workshop with The TEAK Fellowship, a NYC-based non-profit that helps talented students from low-income families achieve their potential and pursue their academic & professional goals. Through roundtables with members of the Blue Owl team & engaging Q&A, I hope everyone walked away having learned a thing or two about Blue Owl, careers in financial services, and the opportunity in private markets. Our team was energized by the day, and it is always a pleasure to host students at our HQ. What an exceptional group, can’t wait to see where their futures take them!
-
-
I recently had the opportunity to join RBC Capital Markets “Innovators and Ideas” podcast where we discussed Blue Owl’s differentiated approach to the alternatives landscape and how we seek to deliver consistent income-generating products for wealth and institutional investors alike. As the asset class, and our Blue Owl business, continue to expand – I am optimistic about the growing opportunity and the exciting future for private credit. Thank you to Joe Coletti for having me, and to RBC for the continued partnership. https://lnkd.in/eubiRX_3
-
Great time coming back on Bloomberg TV to discuss private credit with Sonali Basak. We hit on several key themes that are top of mind, including the impact of higher for longer interest rates and deal activity across the market today. Overall, the asset class continues to deliver strong performance and I believe our credit business is well-positioned to meet the needs of both our investors and our borrowers.
We are well into a higher rate environment, and our portfolio companies have performed well. Craig Packer, Co-President and Head of Credit, sat down with Bloomberg News’ Sonali Basak to discuss the current state of the private credit market, our strategic approach to direct lending and our outlook for sustained business growth amidst volatility concerns and a higher-for-longer interest rate environment. Watch the full segment below:
-
After releasing our 2024 Market Outlook earlier this year, Sean Connor and I sat down to discuss the key trends in the credit markets and our outlook on the long-term role that private credit will play. Even as expectations for rates remain a moving target, we believe the asset class has proven its resilience in many economic environments and should continue to do so.
Co-President and Head of Credit Craig Packer shares insights for the year ahead: amidst higher rates, we are navigating solid economic conditions and observing robust portfolio performance across all our sectors. Our strategy prioritizes recession-resistant sectors, and we believe we are well-positioned to capture the growing opportunity in direct lending. Learn more here: https://hubs.li/Q02gVkmc0
-
A big congrats to Marc & the Real Estate team on the huge milestones this week. Great to see the platform continue to expand and look forward to welcoming our new colleagues to the firm!
Excited to announce two significant milestones for Blue Owl’s Real Estate platform. 1) We are pleased to expand into real estate finance with the acquisition of Prima Capital Advisors, which has approximately $10 billion in assets under management. Prima is a real estate lender focused primarily on investing in commercial mortgage-backed securities for institutional investors and select high-net-worth individuals. 2) We also announced that Jesse Hom, previously Global Head of Real Estate Credit at GIC, will join Blue Owl to lead the newly created Real Estate Finance strategy and serve as Chief Investment Officer for Blue Owl’s Real Estate platform. I have had the pleasure of knowing Jesse for years and can say he is one of the most well-respected, thoughtful and experienced real estate credit investors in the industry. I am confident that he, along with the outstanding team at Prima who maintain a 30-year track record of success, will further bolster our Real Estate platform’s value proposition. I invite you to read the full announcement below. https://lnkd.in/gg4tXuUi
-
Great to return to Asia last week to visit existing clients and meet new ones. Blue Owl Capital has been expanding its presence in the region, moving our Asia flagship office to One Exchange Square in Hong Kong and opening a new office in Tokyo in 2023. It’s clear from our dialogue how much progress we have made since my visit a year ago, and I am excited to see the growing interest in direct lending throughout the region. Thank you so much to team for hosting me for the week and making me feel so welcome, I look forward to visiting again soon.
-
