Form 4: Owl Rock Capital Feeder LLC Distributes 20 Million Class C Shares and Operating Group Units to Dyal Capital Partners IV Holdings
SEC Form 4
Owl Rock Capital Feeder LLC distributed 20 million Class C shares and an equal number of Blue Owl Operating Group Units to Dyal Capital Partners IV Holdings on May 14, 2025.
Summary
- On May 14, 2025, Owl Rock Capital Feeder LLC distributed 20,000,000 Class C shares of Blue Owl Capital Inc. and 20,000,000 Blue Owl Operating Group Units to Dyal Capital Partners IV Holdings for no consideration.
- Following the transaction, Owl Rock Feeder directly holds 46,773,794 Class C Shares and an equal number of Blue Owl Operating Group Units on behalf of Dyal IV.
- Each Blue Owl Operating Group Unit can be exchanged for Class B or Class A shares, or a cash payment.
- Douglas Ostrover, a director of Blue Owl Capital Inc., indirectly controls Owl Rock Feeder and Owl Rock Capital Partners.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing detailing a distribution of shares and units. It doesn't inherently convey positive or negative sentiment, but reflects normal operational activity.
Future Outlook
The document does not contain specific forward-looking statements beyond the standard terms of the exchange agreement for the Blue Owl Operating Group Units.
Industry Context
This Form 4 filing reflects changes in beneficial ownership related to internal restructuring and distributions within the Blue Owl Capital structure, which is common for publicly traded partnerships and alternative asset managers.
Related Party Transactions
- The distribution of shares and units from Owl Rock Capital Feeder LLC to Dyal Capital Partners IV Holdings constitutes a related party transaction.
Stakeholder Impact
- The distribution of shares and units may have a minor impact on shareholders due to the change in ownership structure, but the overall economic impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Third Amended & Restated Exchange Agreement date |
| 05/14/2025 | Distribution of Class C Shares and Blue Owl Operating Group Units |
| 05/16/2025 | Date of Form 4 signature |
Keywords
Blue Owl Capital, Owl Rock Capital, Class C Shares, Operating Group Units, Distribution, Dyal Capital Partners, Beneficial Ownership, Form 4
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