Jul 26, 2021
Doug Ostrover is the Co-Founder and CEO of Blue Owl Capital, a
public company borne out of a merger combining Owl Rock Capital and
Dyal Capital. Doug is also the CEO and Co-CIO of Owl Rock Capital
Partners, a direct lender to middle-market companies that he
co-founded in 2016 and today manages $30 billion in permanent
capital assets. The combined Blue Owl manages approximately $53
billion in assets, over 90% of which is in permanent capital
Previously, Doug was one of the founders, and the O, in GSO Capital
Partners, which today is Blackstone’s alternative credit platform.
He has been involved in leveraged finance working with private
equity sponsors for thirty years.
Our conversation covers Doug’s beginnings in leverage financed, the
founding of GSO, and keys to his early success. We then turn to the
importance of culture, sourcing investment opportunities, the
underwriting process, and working with both GPs and LPs. We close
with Doug’s perspective on the recent formation of Blue Owl and
what the future holds for direct lending.
Follow Ted on Twitter at @tseides
Read the Transcript