Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Owl Rock Capital (ORCC) Ties Up With Dyal Capital Partners

By Zacks Investment ResearchStock MarketsMay 24, 2021 02:21AM ET
www.investing.com/analysis/owl-rock-capital-orcc-ties-up-with-dyal-capital-partners-200582060
Owl Rock Capital (ORCC) Ties Up With Dyal Capital Partners
By Zacks Investment Research   |  May 24, 2021 02:21AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Owl Rock Capital (NYSE:ORCC) Corporation ORCC and Dyal Capital Partners completed their pending business combination to form Blue Owl Capital Inc. OWL.

The merger, which was announced in December 2020, was finally approved by the board of directors of Owl Rock Capital’s five business development companies (BDC). It is expected to have a post-transaction market capitalization of $12.5 billion.

Dyal Capital Partners is a division of Neuberger Berman Group LLC.

The consolidated skills of both companies are expected to help BDC investors. In this regard, Owl Rock Capital’s largest BDC, Owl Rock Capital Corporation, will continue to trade on the NYSE under the ticker ORCC.
The merger deal will not alter any investment objectives and strategies provided to the BDCs.

In association with this pact, each BDC entered into an amended and restated investment advisory agreement and an amended and restated administration agreement with its registered investment adviser.

Rationale Behind the Deal

The deal will concentrate on the two aspects of alternative asset management, namely Direct Lending and GP Capital Solutions.

Per the earlier announcement, Blue Owl is expected to have $45 billion in assets.

While Owl Rock Capital is a leading private credit provider to middle and upper middle market businesses in Direct Lending, Dyal is a market-leading innovator in GP Capital Solutions.

Blue Owl will gain from Owl Rock Capital's direct lending business with $23.7 billion in assets under management (as of Sep 30, 2020) and its leading credit performance. Dyal GP Capital Solutions will help this new entity with its significant track record, in-depth relationships in the alternative asset management scenario, large permanent capital base of $23.3 billion in assets under management (as of Nov 30, 2020), among others. Dyal founder Michael Rees stated, “Our businesses will combine robust growth and a strong margin profile with a high level of earnings visibility and stability, offering investors a compelling way to access the alternative asset management industry.”

The vast platforms of both companies in the alternative asset management landscape are expected to help Blue Owl.

Shares of Owl Rock Capital have gained 14.7% in the past year, underperforming its industry’s growth of 16.2%. The company currently has a Zacks Rank #3 (Hold). Nevertheless, it is expected to bounce back owing to its strategic measures.

Stocks to Consider

Some better-ranked stocks in the same space are Jefferies (NYSE:JEF) Financial Group Inc. JEF and Moodys Corporation (NYSE:MCO) MCO. While Jefferies Financial sports a Zacks Rank #1 (Strong Buy), Moodys Corporation carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Jefferies Financial delivered a trailing four-quarter surprise of 341.3%, on average.

Moody’s Corporation surpassed estimates in three of its trailing four quarters (while missing the mark in one), the average beat being 22.3%.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Moodys Corporation (MCO): Free Stock Analysis Report

Jefferies Financial Group Inc. (JEF): Free Stock Analysis Report

Owl Rock Capital Corporation (ORCC): Free Stock Analysis Report

Blue Owl Capital Inc. (OWL): Get Free Report

To read this article on Zacks.com click here.

Zacks Investment Research
Owl Rock Capital (ORCC) Ties Up With Dyal Capital Partners
 

Related Articles

Gary Gordon
Think Global, Act Local? By Gary Gordon - Dec 02, 2021 2

Since the 2008 financial crisis, U.S. investors have counted on Federal Reserve bailouts, bond buying, and digital money printing. Significantly lower interest rates combined with...

Owl Rock Capital (ORCC) Ties Up With Dyal Capital Partners

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email