OWL 最新10-Q变化

相对上期新增的文字 · 来源:10-Q · 2026-10-30

• Three Months Ended September 30,Nine Months Ended September 30,

• During the third quarter of 2026, global equity and debt markets remained driven by expectations around inflation, interest rates, artificial intelligence (“AI”)-related capital expenditures, and ongoing geopolitical tensions, including in the Middle East and their impact on certain energy prices. E…

• We operate three differentiated platforms at scale across Credit, Real Assets and GP Strategic Capital. AUM of $329.9 billion grew 12% year over year, with growth across each platform. Over the last twelve months, approximately 85% of our GAAP and FRE (as defined below) management fees were generate…

• During the third quarter of 2026, we continued to further the diversification of our business. Inflows during the quarter were primarily driven by our Credit and Real Assets platforms, and the third quarter represented a record quarter of institutional fundraising. Institutional investors represent …

• In Credit, the market environment during the quarter was defined by significant moves in risk-free rates and ultimately ended with the federal funds rate hike, presenting opportunities to deploy capital into a higher rate and higher spread environment. In direct lending, third quarter activity was d…

相对上期删除的文字 · 来源:10-Q · 2026-07-31

• During the second quarter of 2026, global equity and debt markets adapted to shifts in expectations around major themes such as inflation and the trajectory of interest rates as well as ongoing geopolitical relations and their impact to certain energy prices. Stronger than previously indicated job g…

• The 10-year Treasury yield in the United States ended the second quarter of 2026 approximately 15 basis points higher than March 31, 2026 and experienced a peak to trough range of more than 40 basis points during the quarter. The CBOE Volatility Index, or VIX, peaked above 25 during the second quart…

• We operate three differentiated platforms at scale across Credit, Real Assets and GP Strategic Capital. AUM of $319 billion grew 12% year over year, with growth across each platform. Over the last twelve months, approximately 85% of our GAAP and FRE management fees were generated by Permanent Capita…

• In Credit, gross deployment in the second quarter was robust, led by alternative credit and investment grade credit strategies. Alternative credit has become a larger part of our Credit platform, having grown AUM 35% over the past year. Over this time, we have meaningfully scaled both drawdown funds…

• As of the second quarter of 2026, our Real Assets platform has expanded seven-fold in AUM since we first established our foothold in late 2021. Over the past year alone, Real Assets AUM and revenues have each grown by more than 25%, and we were ranked #2 on PERE’s Top 100 Real Estate fundraisers glo…

相对上期删除的文字 · 来源:10-Q · 2026-07-31

• Our Notes bear interest at fixed rates. Borrowings under our Revolving Credit Facility bear interest at a variable rate based on SOFR (as defined in Note 7 to our Financial Statements) (or an alternative base rate at our option). An increase or decrease in interest rates by 100 basis points is not e…

• We are also subject to interest rate risk through the investments we hold in our products. An increase in interest rates would be expected to negatively affect the fair value of investments that accrue interest income at fixed rates and therefore negatively impact net change in unrealized gains on i…

• We generally endeavor to minimize our risk of exposure by limiting to reputable financial institutions the counterparties with which we enter into financial transactions. As of June 30, 2026 and December 31, 2025, we held the majority of our cash balances with a single highly rated financial institu…