Latest news with #BlueOwl
Bloomberg
4 days ago
- Business
- Bloomberg
Stock Futures Muted Ahead of Jobs Data; Trump, GOP Senators Discuss SALT
US equity futures stay muted as investors await more labor market data. Republican senators and President Trump discuss potential fixes to the SALT cap component of the tax-and-spend bill. Trump imposes travel restrictions on citizens from 19 countries. The ECB is expected to cut interest rates for an eighth time. Julian Salisbury, Sixth Street Co-CIO, says resolving bad vintage stock assets is going to be a big theme in investing over the next couple of years. James Clarke, Blue Owl's Global Head of Institutional Capital, says the fundraising environment has been very stagnant. 'Bloomberg Brief' delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)
Yahoo
4 days ago
- Business
- Yahoo
Point and Funds Managed by Blue Owl Capital Close Oversubscribed $248 Million Home Equity Investment Rated Securitization
Point completes its fourth rated securitization, securing over $2 Billion in orders from investors, signaling further maturation of the home equity investment asset class Palo Alto, California, June 05, 2025 (GLOBE NEWSWIRE) -- Point, the leading home equity investment platform making homeownership more valuable and accessible, and funds managed by Blue Owl Capital ('Blue Owl') announced today that they have completed a rated securitization of Point's Home Equity Investment ('HEI') assets, issuing $248.6 million of rated asset-backed securities (the 'Transaction'). The Transaction is Point's fourth rated securitization and fifth overall. The Transaction closed on May 23, 2025. The issuer, Point Securitization Trust 2025-1, issued $162.2 million of senior class A-1 securities rated A (low) (sf), $35 million of mezzanine class A-2 securities rated BBB (low) (sf), $28.3 million of subordinate class B-1 securities rated BB (low) (sf), and $23.1 million of subordinate class B-2 securities rated B (high) (sf) (retained), all rated by Morningstar DBRS. A portion of the notes were acquired by accounts managed by an affiliate of Blue Owl. The Transaction drew significant interest from both new and repeat institutional investors, resulting in the Transaction being more than 8x oversubscribed. Co-sponsoring the Transaction with a subsidiary of Blue Owl, Point was the originator of all the HEIs in the securitization and will continue to service the assets. 'This past year has been transformative—for Point and for the entire HEI space,' said Eddie Lim, co-founder and CEO of Point. 'Investor demand has never been stronger, and the performance of our deals continues to outperform expectations. Our latest securitization was met with overwhelming enthusiasm, reinforcing that HEIs aren't just gaining traction—they're reshaping how homeowners access equity. We're just scratching the surface of what's possible.' Over the past 18 months, the rated securitization space for HEIs has entered a new phase of maturation. With multiple HEI-backed deals successfully rated, the asset class is seeing increased institutional recognition and investor confidence, with issuance volume doubling and the number of transactions tripling in 2024 alone[1]. According to Finsight[2], HEI-backed deals totaled $936 million across five transactions last year—up significantly from prior years. These transactions have helped set important benchmarks for credit quality, structure, and performance, signaling a shift from emerging to established within the alternative housing finance landscape. 'The Blue Owl Alternative Credit team and Point have a longstanding relationship dating back to 2018, and we are excited to continue our partnership with the Point team,' said Ivan Zinn, Head of Alternative Credit at Blue Owl. 'This marks the second Point transaction that Blue Owl has co-sponsored, and we look forward to doing many more together. The success of this transaction is a testament to the Point platform and validates the thesis that HEIs will continue to be a growing asset class.' Barclays Capital Inc. ('Barclays') was the sole-structuring agent for the issuance. Barclays, Citigroup Global Markets Inc., and Nomura Securities International Inc. were joint bookrunners on the Transaction, and East West Markets, LLC and Cantor Fitzgerald & Co. were co-managers on the Transaction. About Point Point is the leading home equity platform making homeownership more valuable and accessible. Point's flagship product, the Home Equity Investment (HEI), empowers homeowners to unlock their equity to eliminate debt, get through periods of financial hardship, and diversify their wealth – without adding to their monthly expenses. Point has worked with more than 15,000 homeowners, unlocking more than $1.5 billion in home equity. Point's HEI enables investors to access a previously untapped asset class – owner-occupied residential real estate. Founded in 2015 by Eddie Lim, Eoin Matthews, and Alex Rampell, Point is backed by top investors, including Westcap, Andreessen Horowitz, Ribbit Capital, Greylock Partners, Bloomberg Beta, Blue Owl Capital, Alpaca VC, and Prudential. The company is headquartered in Palo Alto, CA. For more information, please visit Blue Owl CapitalAbout Blue Owl: Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With $273 billion in assets under management as of March 31, 2025, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Assets. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation. Together with over 1,200 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit [1] Source: [2] Source: CONTACT: Amanda Woolley Point 3603191738 awoolley@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Blue Owl, Chirisa Technology Parks and PowerHouse Data Centers Announce Next Phase of $5 Billion Joint Venture Development Partnership
CHESTERFIELD, Va., May 27, 2025 /PRNewswire/ -- Blue Owl Capital managed funds ("Blue Owl"), Chirisa Technology Parks ("CTP"), and PowerHouse Data Centers ("PowerHouse") today announced the closing of a $750 million transaction in their landmark joint venture development partnership. The partnership was launched in August 2024, with capacity to deploy up to $5 billion of capital for turnkey AI/HPC data center developments supporting CoreWeave and other hyperscale and enterprise data center customers. Construction under the program at CTP's 350-acre campus in Chesterfield, VA started in 2024 for an initial 120MW of new critical facilities, with delivery scheduled in 2025 and 2026. The new facilities are cornerstone developments in CoreWeave's rapidly scaling infrastructure footprint. CoreWeave is one of the fastest-growing cloud infrastructure providers for AI workloads. The CTP campus features cutting-edge design standards, purpose-built to support dense GPU clusters and other advanced computing technologies required for large-scale artificial intelligence customers. The campus integrates CTP's proprietary 'direct-on-chip' liquid cooling design, which is almost twice as energy efficient as traditional air-cooled systems. This innovative cooling solution reduces energy consumption and underpins environmentally responsible hyperscale data center operations. CTP and PowerHouse are committed to delivering high-performance infrastructure that aligns with sustainability goals. "This next stage of the partnership between Blue Owl, CTP and PowerHouse represents another groundbreaking transaction focused on rapidly delivering large scale capacity for the AI ecosystem" said Lee Hayes, President & CEO of CTP. Doug Fleit, CEO and Co-founder of PowerHouse, continued, "This closing underscores our partnership's continuum and commitment to building scalable, sustainable, and high-performance digital campuses that support the deployment of AI infrastructure." Located in Chesterfield, VA, the campus facility offers robust access to power, fiber, and a favorable regulatory environment. The project emphasizes sustainability and innovation, integrating advanced cooling systems, high-density compute design, and long-term power procurement strategies aligned with renewable energy goals. "This is another pivotal milestone in our $5 billion strategic partnership with CTP and PowerHouse," said Marc Zahr, Global Head of Real Assets at Blue Owl. "With the closing of this second $750 million tranche, we're delivering on our vision to create foundational infrastructure for the next generation of AI-native cloud companies like CoreWeave." The venture combines PowerHouse and CTP's deep expertise in development, construction and operations, and Blue Owl's financial strength. Together, the consortium is well- positioned to support hyperscale deployments with unmatched speed, efficiency, and scale. About Blue OwlBlue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With $273 billion in assets under management as of March 31, 2025, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Assets. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation. Together with over 1,200 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit About Chirisa Technology ParksChirisa Technology Parks is focused on the rapid delivery of high performance, leading-edge facilities to support hyperscale, HPC and AI customers across North America and Europe. With over 25 years of experience in Digital Infrastructure, CTP and its predecessors have developed, owned, and operated over 40 data center assets focused on large scale enterprise and hyperscale deployments. CTP currently offers over 500,000 SF of purpose-built data center capacity, with a pipeline in excess of 1.6 GW under development in the USA. CTP's bespoke designs and rapid delivery process are focused on high-efficiency, leading-edge deployments. CTP has broad capability to partner and/ or operate critical facilities, offering a strong track record in build-to-suit hyperscale powered shells, HPC and AI-focused high-density deployments, turnkey data center solutions for Cloud customers, and bespoke edge deployments in major metropolitan areas. CTP is dedicated to delivering high technology campuses with a positive impact on the communities and environment in which it operates. About PowerHouse Data CentersPowerHouse Data Centers, fully owned and operated by American Real Estate Partners (AREP), is a pioneering developer and owner of next-generation data centers, providing sophisticated real estate solutions for hyperscalers that meet their market, data, utility, and space demands. Founded in 2021 with a primary focus on Northern Virginia, the world's largest data center market, PowerHouse has strategically expanded into key markets across the United States. Today, PowerHouse is an established leader in world-class data center development with 86 data centers underway or in planning, representing more than 24 million square feet and 6.1 GW in six major markets. PowerHouse owns its land sites, offering flexible next-generation data center models, with unparalleled speed-to-market. As disruptors setting new industry standards, PowerHouse leverages proven leadership, technical expertise, and strategic partnerships to drive innovation. Drawing from valuable real estate and industry relationships, PowerHouse adeptly identifies and transforms land sites, delivering state-of-the-art BTS, powered shell, and full turnkey deployments at scale. PowerHouse's full suite of development services integrates asset strategy, fast-track approvals, infrastructure, on-site power procurement, and sustainable building practices into every project. Visit our newsroom for more information, and follow us on LinkedIn, YouTube, and X. View original content to download multimedia: SOURCE Chirisa Piscataway Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
ITM Secures Up to $262.5m in Non-dilutive Debt Financing with Blue Owl Managed Funds
Debt capital to support commercial readiness and potential U.S. launch of n.c.a. 177Lu-edotreotide (ITM-11), following positive Phase 3 results Flexible funding structure enables continued advancement of ITM's targeted radiopharmaceutical pipeline and leading radioisotope manufacturing business Garching / Munich, Germany, May 27, 2025 – ITM Isotope Technologies Munich SE (ITM), a leading radiopharmaceutical biotech company, today announced a debt financing agreement for up to USD 262.5 million from funds managed by Blue Owl Capital, Inc ('Blue Owl'). The capital will be used to prepare for commercial readiness and potential market launch of the company's lead candidate, n.c.a. 177Lu-edotreotide (also known as ITM-11 or 177Lu-edotreotide). ITM-11 recently met the primary endpoint in the COMPETE Phase 3 study as a potential treatment for gastroenteropancreatic neuroendocrine tumors (GEP-NETs). ITM plans to submit a New Drug Application (NDA) for this asset to the U.S. FDA in 2025. In addition, the company will continue to accelerate the development of its innovative targeted radiopharmaceutical pipeline and the scale-up of Actinium-225 manufacturing through its joint venture, Actineer. Under the terms of the agreement, ITM will receive USD 140 million upon closing and can exercise additional tranches. Further details of the agreement have not been disclosed. 'Blue Owl is a highly regarded investor with a deep appreciation for the potential of radiopharmaceuticals, and we see their debt capital for ITM as a validation of our position as a cornerstone of the radiopharmaceutical industry,' said Dr. Andrew Cavey, CEO of ITM. 'This strategic funding agreement enables us to move rapidly toward the potential U.S. commercialization of ITM-11, subject to FDA approval, and provides flexibility for the development and expansion of our innovative pipeline of targeted radiopharmaceuticals across a broad range of indications.' 'With its vertically integrated approach that combines a profitable radioisotope manufacturing business with radiopharmaceutical pipeline development, we believe ITM is uniquely positioned to positively impact the precision oncology sector. We look forward to supporting ITM's continued growth and mission to bring innovative treatment options to people living with cancer,' said Sandip Agarwala, Managing Director and Head of Life Sciences at Blue Owl. About n.c.a. 177Lu-edotreotide (ITM-11)177Lu-edotreotide is a radiolabeled peptide conjugate that delivers beta radiation specifically to SSTR-positive tumor cells, sparing healthy organs and tissue. The drug candidate, delivered intravenously, is comprised of non-carrier-added Lutetium-177, a therapeutic β-emitting radioisotope, and edotreotide, a synthetic SSTR agonist. 177Lu-edotreotide was granted orphan drug designation in the E.U. and the U.S., and fast track designation in the U.S. for the treatment of GEP-NETs, based on positive results from a retrospective Phase 2 study with 177Lu-edotreotide. About ITM Isotope Technologies Munich SEITM, a leading radiopharmaceutical biotech company, is dedicated to providing a new generation of radiopharmaceutical therapeutics and diagnostics for hard-to-treat tumors. We aim to meet the needs of cancer patients, clinicians and our partners through excellence in development, production and global supply of medical radioisotopes. With improved patient benefit as the driving principle for all we do, ITM advances a broad precision oncology pipeline, including multiple Phase 3 studies, combining the company's high-quality radioisotopes with a range of targeting molecules. By leveraging our two decades of pioneering radiopharma expertise, central industry position and established global network, ITM strives to provide patients with more effective targeted treatment to improve clinical outcome and quality of life. About Blue OwlBlue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With $273 billion in assets under management as of March 31, 2025, Blue Owl invests across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Assets. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation. Together with over 1,200 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit ITM ContactCorporate CommunicationsKathleen Noonan/Julia WestermeirPhone: +49 89 329 8986 1500Email: communications@ Investor RelationsBen OrzelekPhone: +49 89 329 8986 1009Email: investors@ Attachment 20250527_ITM Secures Up to $262.5m in Non-dilutive Debt Financing with Blue Owl Managed FundsError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Crusoe and partners begin second phase of $15bn AI data centre
AI infrastructure company Crusoe, Blue Owl Capital, and Primary Digital Infrastructure have launched the second phase of their $15bn joint venture (JV) to develop a 1.2GW AI data centre in Abilene, Texas. The JV involves Crusoe working alongside funds managed by Blue Owl's Real Assets platform and Primary Digital Infrastructure to construct six additional buildings at the site. Located at the Lancium Clean Campus, the data centre will consist of a total of eight buildings. The first phase of construction, which includes two buildings and more than 200MW of capacity, commenced in June 2024. It is anticipated to become operational in the first half of 2025. The second phase began in March 2025 and involves the construction of the remaining six buildings, collectively delivering the full 1.2GW capacity. This stage is expected to be operational by mid-2026. According to the Development Corporation of Abilene, the initial phase alone is projected to generate an economic impact of around $1bn over the next two decades. Crusoe CEO and co-founder Chase Lochmiller said: 'The foundation of artificial intelligence starts with energy and data centres. Crusoe is bringing these AI factories to life at an unmatched speed and scale that enables our customers to usher in a new era of AI driven abundance. 'Abilene will host one of the largest clusters of GPUs in the world, bringing thousands of jobs to the local community while delivering tens of billions of dollars in value to the economy.' The completed facility will support up to 50,000 NVIDIA GB200 NVL72s per building, all connected through a single integrated network fabric. This setup is intended to support advanced AI training and inference operations. Each building will employ direct-to-chip liquid cooling systems with zero-water evaporation technology, recycling water through a closed loop. Primary Digital Infrastructure executive managing director and chief investment officer Bill Stein said: 'The AI data centre at the Lancium Clean Campus represents exactly the kind of strategic infrastructure investment our platform was built for — future-ready, operator-aligned, and mission critical to fulfilling AI-driven compute demand. 'By partnering with forward-thinking operators like Crusoe and financial lenders like Blue Owl, we are collectively delivering vital capacity with the scale, speed, and sustainability required to fuel AI innovation. 'We are proud to be a part of such a groundbreaking initiative that will serve as a cornerstone for advancing AI in the US.' "Crusoe and partners begin second phase of $15bn AI data centre" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
