Blue Owl Capital Inc. (OWL) Presents at Bank of America Financial Services Conference 2026 Transcript

SA Transcripts158.27K FollowersFollow5ShareSaveCommentsQ4: 2026-02-05 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallTranscriptEPS of $0.24 beats by $0.02 | Revenue of $701.47M (17.76% Y/Y) beats by $840.87K Blue Owl Capital Inc. (OWL) Bank of America Financial Services Conference 2026 February 10, 2026 10:30 AM EST Company Participants Douglas Ostrover - Co-Founder, Chairman & Co-CEO Conference Call Participants Craig Siegenthaler - BofA Securities, Research Division Presentation Craig SiegenthalerBofA Securities, Research Division Joining Bank of America's 34th Annual Financial Services Conference. This is Craig Siegenthaler, North American Head of Diversified Financials at the Bank of America. And it's my pleasure to introduce Doug Ostrover. Doug is the Co-Founder and Co-CEO of Blue Owl as well as Chairman of the firm's board. And prior to founding Blue Owl in 2016, Doug also cofounded GSO in 2005, which he eventually sold, has become Blackstone's $0.5 trillion private credit business. So it's actually the second time that Doug has done this. So Doug, thank you so much for joining us today. Douglas OstroverCo-Founder, Chairman & Co-CEO It's great to be here. Is it $0.5 trillion now? Craig SiegenthalerBofA Securities, Research Division Yes. Douglas OstroverCo-Founder, Chairman & Co-CEO I should have stayed there. Question-and-Answer Session Craig SiegenthalerBofA Securities, Research Division You're pretty close now at $300 billion or so.

So Blue Owl is an alt manager that grew from zero to $300 billion AUM in less than 10 years. Its investment performance is good to great across the board. And it's business mix is mostly in secular growth businesses, including private credit, digital infrastructure and asset-backed finance. It's also a top 2 alt manager in the private wealth channel, which is the fastest-growing channel over the last five years. So Doug, with that, let's get started on the macro front. We've entered year for the bull market IPO and M&A are expected to accelerate. The Fed is cutting rates, credit spreads are tight and maybe banks are going more in the attack now. So how does the macro backdrop play out in 2026 for the industry