Assertion certainty 3/5 debate potential 1/5

Owl Rock Reviews Up to 1,600 Deals Annually From Top Sponsors

Doug Ostrover · Private Equity Masters 6 – Doug Ostrover – Blue Owl Capital (Capital Allocators, EP.205) · Jul 26, 2021 · at 34:34

Doug Ostrover, CEO of Blue Owl Capital, discusses the scale of deal flow generated from close private equity sponsor relationships.

0:00 / 0:06exact quote · 6.7s
720p mp4 · rendered on demand · StarZero watermark
“From that roughly 152 hundred firms, we're probably seeing 15, 1600 deals a year.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Doug Ostrover

Insight
Direct Lenders Achieve Lower Losses Than Syndicated Loans Through Better Diligence
“The other thing we need to do is because we can do a lot more diligence than a syndicated participant is to make sure we better protect the downside. Whatever the loan losses are in the syndicated market, we need to do a much, much better job. Because we have …”
Doug Ostrover Jul 26, 2021 ▶ 23:17 Private Equity Masters 6 – Doug Ostrover – Blue Owl Capital (Capital Allocators, EP.205)
Prediction Not checkable as stated
Private Equity Returns Will Drop Meaningfully Due to High Multiples
“And I think PE is going to be a good asset class. It's going to be a great asset class going forward, but we have to realize returns are coming down, and they're coming down meaningfully. They have to. Purchase price multiples are exploding, and so the higher …”
Doug Ostrover Jul 26, 2021 ▶ 37:32 Private Equity Masters 6 – Doug Ostrover – Blue Owl Capital (Capital Allocators, EP.205)
Insight
Closed-End Credit Funds Suffer Adverse Selection From Early Refinancing
“The problem, if you think about it, think about the loans you make in years three and four. Usually they have a year or two years of call protection. A lot today have only a year. So what happens is if a company does well, they refinance you out. And so you ha…”
Doug Ostrover Jul 26, 2021 ▶ 42:00 Private Equity Masters 6 – Doug Ostrover – Blue Owl Capital (Capital Allocators, EP.205)
Assertion Not checkable as stated
Owl Rock Had Zero Voluntary Employee Departures in Its First Six Years
“We have today About 300 people, and we have not had one person in six years voluntarily leave, not one.”
Doug Ostrover Jul 26, 2021 ▶ 19:13 Private Equity Masters 6 – Doug Ostrover – Blue Owl Capital (Capital Allocators, EP.205)
Assertion Not checkable as stated
Every Owl Rock Software Loan Is Meeting or Beating Underwriting Targets
“Every single software loan that we've made is hitting or exceeding its underwriting case, and that's coming through the pandemic.”
Doug Ostrover Jul 26, 2021 ▶ 31:07 Private Equity Masters 6 – Doug Ostrover – Blue Owl Capital (Capital Allocators, EP.205)
Assertion Not checkable as stated
Sellers Inflate Stated EBITDA by 20% to 70% With Pro Forma Adjustments
“Anyone who's selling a company will take this stated EBITDA or cash flow and have sometimes as low as 20, sometimes as high as 40, 60, 70% increase for what are called pro forma cash flow adjustments. Every company is being sold off those adjustments.”
Doug Ostrover Jul 26, 2021 ▶ 54:13 Private Equity Masters 6 – Doug Ostrover – Blue Owl Capital (Capital Allocators, EP.205)
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 700 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.