Blue Owl Capital said that its portfolio of companies has performed well over the past year, despite fears of an economic recession.
Speaking to Bloomberg, co-chief executive Marc Lipschultz said that Blue Owl Capital’s portfolio of 350 companies returned an average of 15 per cent for the alternative asset manager.
“The economy read through our portfolio looks quite positive,” he said.
“Last quarter our companies grew on average by 15 per cent.”
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Lipschultz added that even with higher interest rates, there are no signs of economic weakness within their portfolio.
Last month, Blue Owl Capital reported a “strong quarter and year of revenue and earnings growth, showcasing the stability, predictability, and resilience that we believe makes our business model distinct.” This allowed the company to increase its 2024 dividend by almost 30 per cent.
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Lipschultz and co-chief executive Doug Ostrover said: “We continue to see robust expansion across each of our businesses, reflecting clear investor interest in our strategies across an expanding institutional and wealth footprint.
“Supplementing the scaling of our existing platform, we are developing new capital solutions for a number of new markets, laying the foundation for the next layer of growth.”
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