Marc Lipschultz

Co-CEO of @BlueOwlCapital.

[Marc Lipschultz @MarcLipschultz]

Watching Adam Walton, Kimberly Birrell, Solana Sierra, Zachary Svajda, and Sorana Cîrstea compete at @rolandgarros is a great reminder that discipline and focus make all the difference. At @BlueOwlCapital, we back athletes who prepare with purpose and perform when it counts—principles that carry through everything we do.

[Marc Lipschultz @MarcLipschultz]

.@BlueOwlCapital earned the #2 spot on this year’s @PEREonline 100, and #8 on the inaugural PERE Credit 100 list, a reflection of the strength, breadth, and scale of our Real Assets platform.

We’ve remained focused on strategies where we believe we have a true competitive edge and can deliver value for investors: Net Lease, Real Estate Credit, and Digital Infrastructure.

Thank you to our stakeholders for entrusting us with your capital and to our Real Assets team, who work diligently every day to earn that trust. Congratulations to all.

PERE 100: https://t.co/QavcOaPeGs
PERE Credit 100: https://t.co/p9PQGh3VD8

[Marc Lipschultz @MarcLipschultz]

AI adoption is increasing rapidly, contributing to strong growth in demand for data centers and the capital needed to develop them. Our digital infrastructure strategy is designed to address this demand by delivering tailored solutions to many leading hyperscale operators.

Earlier this year, @amazon announced a $12 billion data center campus with investment from Blue Owl digital infrastructure funds and development by STACK Infrastructure. This marks the fourth data center project exceeding $10 billion in less than 18 months, where @BlueOwlCapital played a significant role in the provision of capital.

As data and compute needs grow, we believe demand for scalable, reliable digital infrastructure will continue to increase.

[Marc Lipschultz @MarcLipschultz]

We’re excited to welcome Deva Mishra to @BlueOwlCapital as our Head of Insurance Solutions.

Deva’s approach aligns with our continued focus to serve as a trusted partner to insurers, delivering diversified investment strategies at scale.

https://t.co/TGopYvZEzw

[Blue Owl Capital @BlueOwlCapital]

Statement from Blue Owl Capital on OBDC II: "Contrary to what has been reported, we are not halting investor liquidity in OBDC II. In fact, we are accelerating the return of capital. This asset sale will return 30% of OBDC II investors’ capital at book value to shareholders equally on a pro rata basis. Instead of resuming a 5% quarterly tender—under which only tendering investors would receive a partial return of capital—we are distributing an amount six times greater and returning capital to all shareholders within the next 45 days.

In the coming quarters, we will continue to pursue this plan to return capital to OBDC II investors."

[Marc Lipschultz @MarcLipschultz]

Very important facts to focus on.

[Julian Klymochko @JulianKlymochko]

While there is an estimated $300 billion of private credit loans to software companies, there is more than $500 billion of private equity capital invested in those same companies subordinated in the capital stack. The typical private credit loan to sponsor-backed software companies is 30-40% LTV.

So, in order to see material impairment in software private credit loans, the below private equity firms would need to see $500 billion+ of equity capital vapourized.

I doubt that these firms will sit idly and wait for their investments to be disrupted by AI. But even if they do, it's doubtful that the private credit lenders will also do so once they get the keys handed to them.

This scenario also ignores the fact that AI may be additive and accretive to software companies. In any event, an 80% impairment to all software companies due to AI, which is being priced in currently, seems like an improbable scenario but is currently assumed as baseline. This would be an extinction-level event for the private equity industry and decimate institutional portfolios.

[Marc Lipschultz @MarcLipschultz]

At @BlueOwlCapital, we see data centers as one of the strongest long-term investment opportunities in decades. Our view is grounded in fundamentals:

• High-quality counterparties and long-term income: Our 15-20 year agreements with leading global tech companies like @Oracle and @Meta provide durable, contracted cash flows backed by some of the most highly capitalized companies in the world.
• Attractive, lower risk-return profile: These projects have delivered consistent results with reduced credit risk. Contracts are structured with protections that make us whole even if a tenant exits early.
• Essential infrastructure for AI: We focus on the physical layer of AI – building and owning the data center facilities that hyperscalers rely on to power compute at scale. Demand for this infrastructure continues to grow as AI adoption accelerates.

Read my recent Q&A with Hirofumi Takeuchi in @NikkeiAsia for more on why we believe the next decade of digital infrastructure represents such a significant opportunity for investors: https://t.co/EphXc4udJq

[Marc Lipschultz @MarcLipschultz]

I had the pleasure of joining @danprimack at the @axios BFD Summit in New York to discuss the evolving role of private credit in today’s market.

At @BlueOwlCapital, we believe the power of private credit lies in its depth of partnership and discipline. As a private lender, we’re deeply involved with the companies we finance – conducting extensive due diligence, structuring protective documentation and staying closely connected throughout the life of an investment.

That level of insight allows us to identify risks and opportunities well before they surface – helping to preserve value and deliver consistent results for our investors.

As the market continues to evolve, we see opportunity where capital remains scarce and private solutions are still underutilized – particularly across sectors like digital infrastructure, where our scale and expertise can help drive long-term growth.

[Marc Lipschultz @MarcLipschultz]

Actual facts about the broad strength of private credit.

[Julian Klymochko @JulianKlymochko]

95% of listed BDCs have reported Q3 results. While private credit remains mired in negative sentiment, third quarter results were broadly much better than expectations, with average non-accruals declining -10bps to 1.6%, while PIK increased +30bps to 8.3%

NAV discounts remain widespread, with the median BDC trading at a -18% discount to NAV (-13.6% average).

Below is a snapshot of our liquid private credit monitor (listed BDCs) if you want to comb through the wreckage.

[Blue Owl Capital @BlueOwlCapital]

As we close out 2025, Blue Owl’s Digital Infrastructure franchise continues to deliver strong results and position itself at the forefront of the global economy.

𝟮𝟬𝟮𝟱 𝗶𝗻 𝗥𝗲𝘁𝗿𝗼𝘀𝗽𝗲𝗰𝘁:

𝗦𝗰𝗮𝗹𝗲 & 𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵: by year end we expect to execute leases with leading hyperscalers representing $𝟭𝟬𝟬+ 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗧𝗼𝘁𝗮𝗹 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝗩𝗮𝗹𝘂𝗲.

𝗟𝗼𝗻𝗴-𝗧𝗲𝗿𝗺 𝗩𝗶𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆: These agreements carry a 𝘄𝗲𝗶𝗴𝗵𝘁𝗲𝗱 𝗮𝘃𝗲𝗿𝗮𝗴𝗲 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝗲𝗱 𝗰𝗮𝘀𝗵 𝗳𝗹𝗼𝘄 𝗼𝗳 𝗻𝗲𝗮𝗿𝗹𝘆 𝟮𝟬 𝘆𝗲𝗮𝗿𝘀, providing durable and predictable income.

𝗔𝘁𝘁𝗿𝗮𝗰𝘁𝗶𝘃𝗲 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰𝘀: Cash yields remain in the 𝗺𝗶𝗱-𝘁𝗲𝗲𝗻𝘀, underscoring the compelling risk-adjusted returns of our strategy.

𝗧𝗵𝗲 𝗕𝗲𝘀𝘁 𝗣𝗮𝗿𝘁:

Our mission-critical digital infrastructure investments are held in 𝗽𝗲𝗿𝗽𝗲𝘁𝘂𝗮𝗹 𝗮𝗻𝗱 𝗹𝗼𝗻𝗴-𝗱𝗮𝘁𝗲𝗱 𝗳𝘂𝗻𝗱𝘀, offering stability and alignment with the objectives of all Blue Owl’s stakeholders.

The underlying credit profile of these contracts is excellent, with an 𝗮𝘃𝗲𝗿𝗮𝗴𝗲 “𝗔” 𝗰𝗿𝗲𝗱𝗶𝘁 𝗿𝗮𝘁𝗶𝗻𝗴 from major rating agencies.

𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗖𝗿𝗲𝗱𝗶𝘁, 𝗥𝗲𝗱𝗲𝗳𝗶𝗻𝗲𝗱: At Blue Owl, 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗖𝗿𝗲𝗱𝗶𝘁 𝗼𝗳𝘁𝗲𝗻 𝗺𝗲𝗮𝗻𝘀 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗚𝗿𝗮𝗱𝗲 𝗖𝗿𝗲𝗱𝗶𝘁, a differentiator that sets us apart in today’s market.

[Marc Lipschultz @MarcLipschultz]

I’m proud of @BlueOwlCapital's continued commitment to supporting the veteran community through initiatives like our veterans ERG VALOR and our Veteran Pathways hiring program.

In that spirit, we were honored to host a fireside chat with former Navy SEAL and Purple Heart recipient @AndyStumpf77 for Blue Owl Celebrates: Veterans Day. Andy spoke about resilience, teamwork and excellence – values that define both his service and our culture at Blue Owl.

Thank you for joining us, Andy – and thank you to all who have served.

[Marc Lipschultz @MarcLipschultz]

Artificial intelligence is one of the most transformative forces shaping our economy today – not only as a tool to enhance productivity, but also as a catalyst for long-term growth across industries. At @BlueOwlCapital, we’re helping to finance the backbone of this revolution: data centers.

By combining our scale and deep sector expertise, we’re able to deliver capital to the world’s leading hyperscalers. Our joint venture with @CrusoeAI and @PrimaryDigitalX to fund a data center in Abilene, Texas earlier this year and most recent partnership with @Meta demonstrate how private capital can meet the demands of this rapidly changing landscape.

As AI continues to evolve, we remain focused on deploying bespoke financing solutions that fuel progress and help deliver the best possible outcomes to our investors.

[Marc Lipschultz @MarcLipschultz]

Eternal gratitude to those who have served this great country. 🇺🇸

[U.S. Navy @USNavy]

Ship. Shipmate. Self. 

This #VeteransDay, we honor those who stood the watch and put others before themselves in defense of freedom.

[Marc Lipschultz @MarcLipschultz]

At @BlueOwlCapital, we see private capital as a critical enabler of the global AI transformation — providing the scale, structure and long-term capital required to build the digital infrastructure that powers AI.

Our recent partnership with @Meta to finance the Hyperion data center highlights the vital role private capital can play in driving innovation and delivering durable, predictable value for investors.

It was great to join @cherylcasone on @FoxBusiness to discuss this partnership and the resilience of private credit as an asset class. I encourage you to watch the full conversation below.

[Marc Lipschultz @MarcLipschultz]

.@BlueOwlCapital’s recent partnership with @Meta marks the largest private financing to date – and we expect the capital demand for digital infrastructure to continue to grow.

It was a pleasure to sit down with @JulesHyman on @YahooFinance to discuss the impact of our partnership with Meta and the role Blue Owl plays in the AI revolution. We are proud to be at the forefront of where capital meets opportunity for our investors.

[Marc Lipschultz @MarcLipschultz]

In Q3, Blue Owl drove strong capital inflows and 26% year-over-year AUM growth, underscoring the strength and momentum across our investment platforms. We continue to see heightened demand for capital from tech companies investing in AI infrastructure, along with growing interest from retail investors looking to diversify into private markets.

Together, these trends illustrate a key point: private markets continue to evolve, thrive and power innovation in today’s economy.

It was a pleasure to sit down with @daniburgz and @mattmiller1973 on @BloombergTV to discuss @BlueOwlCapital’s strong earnings results and the continued resilience of our business.

I invite you to watch the full interview to learn more: https://t.co/Zly9rUREqo

[Marc Lipschultz @MarcLipschultz]

I’m pleased to share @BlueOwlCapital’s Q3 2025 earnings report, reflecting another record for both fundraising and financial results on a twelve month basis.

Thank you to everyone across Blue Owl who helped us deliver this consistent growth across our investment platforms. I look forward to building on this momentum in the months ahead.

Learn more about our results here: https://t.co/RBudAefHAX

[Marc Lipschultz @MarcLipschultz]

Honored to join the @jpmorgan / @RobinHoodNYC Investors Conference for a timely conversation on private credit.

I had the pleasure of speaking alongside Michael Arougheti on a panel moderated by Kristin Kallergis Rowland. We covered the evolution of private credit, its growing role in capital markets, and how firms like @BlueOwlCapital are helping shape the future of financing.

Grateful to Robin Hood for convening such an impactful event and for the opportunity to share insights on behalf of Blue Owl Capital.

[Marc Lipschultz @MarcLipschultz]

A deeply innovative company requires equally innovative capital solutions.

We’re proud to partner with @Meta to deliver a bespoke financing structure at a scale unseen before — a true example of how private capital can meet the needs of the world’s most forward-thinking companies.

Watch my full conversation with @daniburgz on @BloombergTV below to learn more about the deal.