Private Credit Portfolio Analysis | Blue Owl Capital Corp Reports Q1 2025 Results
- Editor
- May 7
- 2 min read
Whats New:
Blue Owl Capital Corp reported its Q1 2025 financial results, showing significant growth in assets and stockholders' equity compared to the previous quarter. The fund's total assets increased to $18.38 billion as of March 31, 2025, up from $13.87 billion at the end of 2024. This growth was primarily driven by an increase in investments owned at fair value, which rose to $17.69 billion from $13.19 billion.
Portfolio Dynamics:
Total assets grew to $18.38 billion as of March 31, 2025, compared to $13.87 billion at the end of 2024.
Investments owned at fair value increased to $17.69 billion, up from $13.19 billion at the end of 2024.
Cash and cash equivalents slightly increased to $514.21 million from $514.16 million at the end of 2024.
Investment Activty:
Payments for purchase of investments were $958.47 million during Q1 2025.
Proceeds from disposition of investments were $719.66 million in the same period.
The fund reported $121.57 million in interest receivable, up from $105.88 million at the end of 2024.
Capital Structure:
Long-term debt increased to $10.16 billion from $7.46 billion at the end of 2024.
Stockholders' equity grew to $7.74 billion from $5.95 billion at the end of 2024.
The fund issued additional common stock, with the value increasing to $5.11 million from $3.90 million at the end of 2024.
Performance Profile:
Net asset value per share decreased to $15.14 as of March 31, 2025, compared to $15.26 at the end of 2024.
Retained earnings grew to $60.86 million from $29.40 million at the end of 2024.
Additional paid-in capital increased to $7.67 billion from $5.92 billion at the end of 2024.
Risk & Quality:
The fund reported an incentive fee payable of $42.07 million, up from $39.08 million at the end of 2024.
Management fee payable increased to $64.23 million from $49.06 million at the end of 2024.
Distribution payable rose to $189.09 million from $144.38 million at the end of 2024.
The Wrap:
Blue Owl Capital Corp demonstrated strong growth in Q1 2025, with significant increases in total assets, investments at fair value, and stockholders' equity. The fund's long-term debt also increased substantially, reflecting expanded operations and investment activities. While the net asset value per share slightly decreased, the fund showed positive performance in terms of retained earnings and additional paid-in capital. The increase in various fee payables suggests higher costs associated with the fund's growth.
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