蓝鹰资本有限公司-A 2025年季度报告

New York, Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to oEmerging growth company Class A common stock, par value $0.0001625,652,391Class B common stock, par value $0.0001Class C common stock, par value $0.0001613,693,976 Refers to Blue Owl Capital Carry LP.Refers collectively to Blue Owl Capital GP Holdings LLC, Blue Owl Capital GP LLC, and certain otherdirectly or indirectly wholly owned subsidiaries of the Registrant that hold the Registrant’s interests inBlue Owl Holdings, as well as Blue Owl Carry prior to the Internal Reorganization.Refers to Blue Owl Capital Holdings LP.Prior to the Internal Reorganization, referred collectively to Blue Owl Holdings and Blue Owl Carry and Blue Owl Securities (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). Blue Owl Securities is whollyowned by Blue Owl and provides distribution services to all Blue Owl platforms.Refers to the Class A common stock, par value $0.0001 per share, of the Registrant.Refers to the Class B common stock, par value $0.0001 per share, of the Registrant.Refers to the Class C common stock, par value $0.0001 per share, of the Registrant.Refers to the Class D common stock, par value $0.0001 per share, of the Registrant.Refers to our Credit platform that includes (i) our direct lending strategy, which offers private creditsolutions to primarily upper-middle-market companies through differentiated access points; (ii) alternativecredit, which targets credit-oriented investments in markets underserved by traditional lenders or thebroader capital markets, with deep expertise investing across specialty finance, private corporate credit Tax Receivable Agreement or defined therein) party thereto. We file annual, quarterly and current reports, proxy statements and other information required by the Securities Exchange Act of 1934, asamended (the “Exchange Act”) with the SEC. We make available free of charge on our website(www.blueowl.com)our annual reports on Form10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, proxy statements and other filings as soon as reasonably practicable aftersuch material is electronically filed with or furnished to the SEC. We also use our website to distribute company information, including assetsunder management and performance information, and such information may be deemed material. Accordingly, investors should monitor ourwebsite, in addition to our press releases, SEC filings and public conference calls and webcasts. are available without charge upon written request to Blue Owl Capital Inc., 399 Park Avenue, 37th Floor, New York, New York 10022,Attention: Office of the Secretary. Any materials we file with the SEC are also publicly available through the SEC’s website(www.sec.gov). No statements herein, available on our website or in any of the materials we file with the SEC constitute, or should be viewed as constituting, CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities financial performance. You can identify these forward-looking statements by the use of forward-looking words such as “outlook,” “believes,”“expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “projects,” “intends,” “plans,” “estimates,” “anticipates” or the negative versions of those words, other comparable words or other statements that do not relate to historical or factualmatters. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account liquidity that may cause actual results or performance to be materially different from those expressed or implied by these forward-lookingstatements. Some of these factors are described under the headings “Part II Other Information— Item 1A. Risk Factors” and “Part I Financial Information—Item2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.” These factors should not beconstrued as exhaustive and should be read in conjunction with the risk factors and other cautionary statements that are included in this report incorrect, our actual results may vary materially from those indicated in these forward-looking statements. New risks and uncertainties ariseover time, and it is not possible for us to predict those events or how they may affect us. Therefore, you should not place undue reliance on Item 1. Financial Statements. became a wholly owned subsidiary of Blue Owl Holdings. Following the Internal Reorganization, each unitholder of the Blue Owl OperatingPartnerships who previously held an equal number of units in each of Blue