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Blue Owl Capital Inc.
11/4/2022
Good day. My name is Savannah, and I will be your conference operator for today. At this time, I would like to welcome everyone to the Blue Owl Third Quarter 2022 conference call. Today's call is being recorded. All lines have been placed on mute to prevent any background noise, and after the speaker's remarks, there will be a question and answer session. If you would like to ask a question during that time, simply press star 1 on your telephone keypad. If you would like to withdraw your question, please press star 1 again. We do ask that you please limit to one question and rejoin the queue for a follow-up. Thank you.
And I would now like to turn the conference over to Ann Dye. Please go ahead. Thanks, operator, and good morning to everyone.
Joining me today are Doug Ostrover, our chief executive officer, Mark Lipschultz and Michael Reese, our co-presidents, and Alan Kirschenbaum, our chief financial officer. I'd like to remind our listeners that remarks made during the call may contain forward-looking statements which are not a guarantee of future performance or results and involve a number of risks and uncertainties that are outside the company's control. Actual results may differ materially from those in forward-looking statements as a result of a number of factors, including those described from time to time in Blue Owl Capital's filings with the Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statements. We'd also like to remind everyone that we'll refer to non-GAAP measures on the call, which are reconciled to GAAP figures in our earnings presentation available on the investor resources section of our website at blueowl.com. Please note that nothing on this call constitutes an offer to sell or a solicitation of an offer to purchase any interest in a Blue Owl Fund. This morning, we issued our financial results for the third quarter of 2022 and reported fee-related earnings, or FRE, of 15 cents per share, and Distributable Earnings, or DE, of 14 cents per share. We also declared a dividend of 12 cents per share payable on November 30th to shareholders of record as of November 21st. During the call today, we'll be referring to the earnings presentation, which we posted to our website this morning, so please have that on hand to follow along. With that, I'd like to turn the call over to Doug.
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