What stage does Blue Owl Capital invest at?

Blue Owl Capital invests at the Growth, Late Stage stages.

What sectors does Blue Owl Capital focus on?

Blue Owl Capital focuses on Sector Agnostic.

Where is Blue Owl Capital located?

Blue Owl Capital is headquartered in New York, US.

Does Blue Owl Capital lead rounds?

Yes, Blue Owl Capital leads investment rounds.

Blue Owl Capital

Institutional investor

New York · Growth–Late Stage · 19 people tracked

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Investment thesis

Blue Owl provides differentiated alternative investment opportunities across multiple platforms—credit lending, real assets, and GP strategic capital—targeting risk-adjusted returns and capital preservation for institutional and individual investors. The firm combines flexible private capital solutions with a commitment to long-term stakeholder value and strong governance.

Invests inSector AgnosticGlobalJapanUnited Arab EmiratesUnited States

Source: firm website, verified Aug 6, 2026.

Stage

Growth–Late Stage

New York, CA, US

Leads rounds

Leads

Instruments

Equity · Debt

Founded

2020

AUM

$319B

Tracked investments

Team · 19 people

from the firm's website & public directories

Doug Ostrover· Co-Chief Executive Officer

Doug Ostrover serves as Co-Chief Executive Officer and is focused on delivering risk-adjusted returns to investors across Blue Owl's platforms.

Marc Lipschultz· Co-Chief Executive Officer

Craig W. Packer· Co-President

David Aidi· Senior Managing Director· New York

Co-head of the Asset Based Finance group within Alternative Credit, focused on non-corporate private credit investments backed by financial or hard assets. Previously a Partner at Atalaya Capital Management and portfolio manager at Magnetar Capital.

Frank A. Alleva· Managing Director· New York

Member of the Tax Team focused on product structuring, tax compliance, and investor reporting. Previously a VP at Blackstone and tax manager at PwC; a licensed CPA in New York.

Haitham Abdulkarim· Managing Director· United Arab Emirates

Member of the Institutional Capital Team focused on capital raising and fund formation in the Middle East. Previously held client and investor relations roles at BlackRock, Waha Capital, and Samena Capital.

Marc Zahr· Co-President

Matt A'Hearn· Senior Managing Director, Head of Digital Infrastructure· Chicago

Leads Blue Owl's Digital Infrastructure business, overseeing strategy, investments, and portfolio management, and chairs its investment committee. Previously co-founded and served as Managing Partner of IPI Partners, and worked in communications infrastructure investment banking at Moelis, Bank of America Merrill Lynch, UBS, and DLJ.

Michael Rees· Co-President

Pravin Vazirani· Managing Director· Menlo Park, Californiain 𝕏

Sandip Agarwala· Managing Director· New York

Member of the Direct Lending Investment Team focused on life sciences credit, royalty, and growth equity investments. Previously a Managing Director at Longitude Capital.

Dean Allman· Principal· Nevada

Member of the Direct Lending Investment Team focused on originating vendor and OEM relationships to fund equipment leases and loans for the Commercial Solutions Group. Has three decades of equipment finance experience.

Ilan Aharoni· Principal· Menlo Park

Member of the Direct Lending Investment Team focused on growth-stage investing in technology businesses across SaaS, infrastructure, and security. Previously a Senior Associate at Vector Capital.

Katie Abouzahr· Principal· Dallas

Member of the Real Assets Portfolio Management Team, leading the Digital Infrastructure corporate finance function and focused on portfolio management, fund finance, and valuations. Previously Head of Portfolio Management at IPI Partners.

Alan Kirshenbaum· Chief Financial Officer

Andrew Polland· Chief Operating Officer

Joe Alongi· Senior Managing Director; Chief Financial Officer, Private Credit Funds and GP Strategic Capital· Short Hills

CFO for Private Credit Funds and GP Strategic Capital, and a member of the firm's Operating Committee. Joined Blue Owl in 2018 after roles at Guggenheim Partners Investment Management and PwC.

Michael Allegretto· Managing Director· New York

Member of the Information Technology Team responsible for the technology and security aspects of the firm's governance, risk, and compliance framework. Previously Head of Infrastructure and Security at Atalaya Capital Management.

Neena Reddy· Chief Legal Officer

Investments · 1 tracked

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Financial advisors & RIAshubs.li

Fund performance · per public LP disclosures · 25

as of Dec 2025

Fund	Vintage	Committed	Net IRR	TVPI	DPI
Blue Owl GP Stakes VILPs: Minnesota State Board of Investment	2024	—	—	0.40x	0.00x
Blue Owl Strategic Equity HoldcoLPs: Empire State Development – New York Ventures	2024	—	—	1.03x	0.00x
Blue Owl Strategic Equity Partners, LPLPs: Empire State Development – New York Ventures	2024	—	—	1.04x	0.00x
Blue Owl Digital IIILPs: San Joaquin County Employees' Retirement Association	2023	—	—	5.93x	0.06x
Blue Owl Diversified Lending (CP) OverflowLPs: California Public Employees' Retirement System	2023	—	—	1.18x	0.15x
Blue Owl Real Estate Fund VILPs: Connecticut Retirement Plans and Trust Funds, Pennsylvania Public School Employees' Retirement System	2023	—	—	1.01x	0.02x
Blue Owl Asset Income Fund EvergreenLPs: Employees' Retirement System of Rhode Island	2022	—	12.6%	1.19x	0.59x
Blue Owl Digital Infrastructure Fund IIILPs: Employees' Retirement System of Rhode Island	2022	—	—	1.17x	0.21x
Blue Owl Digital Infrastructure Fund III-A LPLPs: Connecticut Retirement Plans and Trust Funds	2022	—	—	1.21x	0.00x
Blue Owl Diversified Lending (CP)LPs: California Public Employees' Retirement System	2022	—	—	1.17x	0.16x
Blue Owl Diversified Lending (CP) Co-InvestmentLPs: California Public Employees' Retirement System	2022	—	—	1.20x	0.18x
Blue Owl Capital Diversified Holdings LLCLPs: Employees' Retirement System of Rhode Island	2021	—	—	1.44x	0.22x
Blue Owl Diversified Lending 2020 Fund, LPLPs: Empire State Development – New York Ventures	2021	—	—	1.26x	0.48x
Blue Owl First Lien IILPs: South Carolina Retirement System Investment Commission	2021	—	6.4%	—	—
Blue Owl Asset Income Fund VLPs: Employees' Retirement System of Rhode Island	2020	—	10.0%	1.30x	0.96x
Blue Owl Capital Corporation IIILPs: Maine Public Employees Retirement System, Employees' Retirement System of Rhode Island	2020	—	1.3%	—	1.28x
Blue Owl Digital Infrastructure Fund IILPs: Employees' Retirement System of Rhode Island	2020	—	9.3%	1.29x	0.01x
Blue Owl Digital Infrastructure Fund II-A LPLPs: Connecticut Retirement Plans and Trust Funds	2020	—	14.3%	1.37x	0.01x
Blue Owl GP Stakes VLPs: Minnesota State Board of Investment	2020	—	9.7%	1.20x	0.43x
Blue Owl Real Estate Net Lease Property FundLPs: Pennsylvania Public School Employees' Retirement System, Connecticut Retirement Plans and Trust Funds	2019	—	10.1%	1.40x	0.30x
Blue Owl First Lien FundLPs: South Carolina Retirement System Investment Commission	2018	—	7.0%	—	—
Blue Owl GP Stakes IVLPs: Minnesota State Board of Investment	2018	—	32.8%	2.02x	1.19x
Blue Owl Technology Finance CorpLPs: South Carolina Retirement System Investment Commission	2018	—	8.3%	—	—
Blue Owl Capital CorporationLPs: Maine Public Employees Retirement System	2017	—	9.8%	—	1.52x
Blue Owl GP Stakes IIILPs: Minnesota State Board of Investment	2015	—	23.9%	1.98x	1.19x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What stage does Blue Owl Capital invest at?: Blue Owl Capital invests at the Growth, Late Stage stages.
What sectors does Blue Owl Capital focus on?: Blue Owl Capital focuses on Sector Agnostic.
Where is Blue Owl Capital located?: Blue Owl Capital is headquartered in New York, US.
Does Blue Owl Capital lead rounds?: Yes, Blue Owl Capital leads investment rounds.

Images

Co-investors · 64

Lightspeed Venture Partners

Lightspeed Venture Partners is a global venture capital firm known for backing AI and technology founders, emphasizing deep, hands-on partnerships with the companies it funds.

$1.7M – $87M

Craft Ventures

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$50K – $50M

Bessemer Venture Partners

Bessemer Venture Partners is a venture capital firm that partners with entrepreneurs from early stages through every stage of growth, publishing investment roadmaps across multiple technology sectors.

$5M – $100M

Accel

Accel is a venture capital firm that partners with exceptional founding teams, positioning itself as a first partner to startups globally.

$1.6M – $70M

Founder Collective

Founder Collective is an early-stage venture capital firm focused on seed and pre-seed investments across all sectors.

Uncork Capital

Uncork Capital is a seed-stage venture firm that backs founders at the earliest stage, before their potential is widely recognized.

$3M – $5M

Insight Partners

Insight Partners is a software-focused investment firm that provides capital and operational support to companies from early to late stage, backed by its in-house Insight Onsite operating team.

$120M – $350M

Notable Capital

Notable Capital is an early-stage venture firm that partners closely with founders, providing hands-on operational support through a platform team of experienced operators across hiring, sales, leadership development, storytelling, and engineering.

Bain Capital Ventures

Bain Capital Ventures is the venture arm of Bain Capital, backing founders from incubation and seed through growth-stage, leveraging Bain Capital's global platform, industry expertise, and network.

$1M – $100M

First Round Capital

First Round Capital is an early-stage venture firm that partners with founders at the earliest stages of company creation, pairing active partners (many former founders) with functional teams for go-to-market, recruiting, and other support.

$2M

Menlo Ventures

Menlo Ventures is a venture capital firm that backs transformative, early-stage technology companies reshaping how people live and work.

$1M – $20M

BoxGroup

BoxGroup is an early-stage venture capital firm that invests in startups at their earliest stages.

$1M

▶52 more co-investors

True Ventures IVP (Institutional Venture Partners)Norwest Venture Partners CRV (Charles River Ventures)Sapphire Ventures Plug and Play Ventures Eniac Ventures Susa Ventures ACME Capital Mayfield Fund NextView Ventures Greycroft Emergence Capital Partners Scale Venture Partners Cota Capital Bond Capital Management Acrew Capital IA Ventures Sierra Ventures Lerer Hippeau Ridge Ventures Atlas Venture Harrison Metal Threshold Ventures Shasta Ventures Entree Capital Pelion Venture Partners ICONIQ Capital Dnx Ventures Company Capital 83North Javelin Venture Partners Work-Bench Highland Capital Partners Lobby Capital Torch Capital Heavybit M12 (Microsoft's Venture Fund)Crosscut Ventures K2 Global Amasia Rubicon Venture Capital Rally Ventures Management, Llc AZ-VC H.I.G. Growth Partners Founders Circle Capital WI Harper Group Equal Ventures Jerusalem Venture Partners (JVP)Amara VC Top Tier Capital Partners Cyber Mentor Fund

Firms observed investing alongside Blue Owl Capital, from public investor directories.