DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Blue Owl Real Estate Capital LLC

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 165132SEC 801-77141websiteIAPD
Latest filing May 22, 2026
First filing on the tape Sep 7, 2012 · 40 filings
SEC status approved since Sep 17, 2012
RAUM
$68B
reported, Item 5.F
Discretionary
95%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
130
130 advisory (5.B.1)
Offices
9
beyond the principal office
Private funds
54
reported on Schedule D
History
40 filings and snapshots on the tape
RAUM$68B as of May 22, 2026
Mar 28, 2013$290M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of May 22, 2026
Mar 28, 20130 then
Employees (5.A)130 as of May 22, 2026
Mar 28, 20136 then
Private funds54 as of May 22, 2026
Mar 28, 20133 then
RAUM +29% over the last fiscal year+54% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 22, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$746MderivedRAUM over accounts (5.F.2.f)
Discretionary
95%derivedof RAUM
Institutional
14%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived10 offices incl. principal (1.F.5)
RAUM growth, one year
+29%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$46B, 67 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$57B85%
  • Sovereign wealth funds$7.0B10%
  • State and municipal entities$2.0B3.0%
  • Insurance companies$765M1.1%
  • Corporations and businesses$50.0M0.1%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
91reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$46B for 67 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.85 institutional_share=0.14 related_bd=true related_bank=true bd_reps=3.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      22 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Oak Street Investment Grade Net Lease Fund, LPHedge Fund$2.7B1Mar 31, 2022
      Blue Owl Real Estate Fund Vi LPHedge Fund$1.1B1,293Feb 27, 2023
      Oak Street Real Estate Capital Fund III, LPno longer reportedReal Estate Fund$1.1B76Mar 20, 2015
      Blue Owl Real Estate Net Lease Property Fund (A) LPHedge Fund$675M338Jun 27, 2022
      Blue Owl Real Estate Maritime Opportunity Fund LPHedge Fund$330M7Jun 27, 2022
      Blue Owl Real Estate Fund V (A) LPHedge Fund$270M56Jun 27, 2022
      Oak Street Real Estate Capital Fund II, LPno longer reportedReal Estate Fund$146M9Sep 7, 2012
      Blue Owl Nl Opportunity Credit Investors A LPHedge Fund$69.8M61Mar 31, 2022
      Oak Street Real Estate Capital Atco Sma, LPno longer reportedReal Estate Fund$48.7M35Sep 7, 2012
      Blue Owl Real Estate Investors V LPHedge Fund$31.8M32Jun 27, 2022
      Qba'A US Co, Inc.no longer reportedHedge Fund$29.1M2Mar 29, 2018
      Blue Owl Real Estate Fund Vi (A) LPHedge Fund$28.0M44Feb 27, 2023
      Blue Owl Real Estate Net Lease Idf II LPHedge Fund$18.6M1May 8, 2024
      Blue Owl Real Estate Net Lease Idf I LPHedge Fund$18.6M1May 8, 2024
      Blue Owl Real Estate Net Lease Idf III LPHedge Fund$17.2M1May 8, 2024
      Blue Owl Nl Opportunity Credit Fund B LLCHedge Fund$15.5M2Jun 27, 2022
      Oak Street Real Estate Capital Ml Sma, LPno longer reportedReal Estate Fund$15.0M3Mar 31, 2017
      Blue Owl Nl Opportunity Credit Investors C LPHedge Fund$12.3M87Jun 27, 2022
      Blue Owl Real Estate Fund III LPHedge Fund$1.5M76Mar 31, 2021
      Oak Street Rec Fof Gp, LLCno longer reportedPrivate Equity Fund$779,00013Mar 28, 2013
      Blue Owl Real Estate Fund Vi (B) LPHedge Fund$00May 8, 2024
      Oak Street Real Estate Capital Fund IV, LPno longer reportedReal Estate Fund$00Mar 31, 2017
      Owners and control persons
      Schedule A and B, latest filing
      • Nmn Karen Hager · Chief Compliance Officercontrol
        since 12/2021 · owns less than 5%
      • Jay Alan Kirshenbaum · Chief Financial Officercontrol
        since 12/2021 · owns less than 5%
      • Steven Marc Lipschultz · Co-Chief Executive Officercontrol
        since 05/2023 · owns less than 5%
      • Irving Douglas Ostrover · Co-Chief Executive Officercontrol
        since 12/2021 · owns less than 5%
      • Robert Andrew Polland · Chief Operating Officercontrol
        since 12/2021 · owns less than 5%
      • Ann Neena Reddy · Chief Legal Officercontrol
        since 12/2021 · owns less than 5%
      • Nmn Marc Zahr · Co-Presidentcontrol
        since 09/2011 · owns less than 5%
      Entity owners
      • Blue Owl Real Estate Holdings LP · Member
        direct · owns 75% or more
      • Blue Owl Capital Gp Holdings LLC · Member
        indirect · owns 75% or more of Blue Owl Capital Gp LLC
      • Blue Owl Capital Gp LLC · General Partner
        indirect · owns F of Blue Owl Real Estate Holdings LP
      • Blue Owl Capital Gp LLC · General Partner
        indirect · owns F of Blue Owl Capital Holdings LP
      • Blue Owl Capital Holdings LP · Limited Partner
        indirect · owns 75% or more of Blue Owl Real Estate Holdings LP
      • Blue Owl Capital Inc. · Member
        indirect · owns 75% or more of Blue Owl Capital Gp Holdings LLC · public reporting company
      • Nbsh Acquisition, LLC · Member
        indirect · owns F of Nbsh Blue Investments, LLC
      • Nbsh Blue Investments, LLC · Limited Partner
        indirect · owns 25% to 50% of Blue Owl Capital Holdings LP
      Related persons
      Schedule D 7.A
      • Blue Owl Credit Advisors LLC
        investment adviserbankpooled vehicle sponsornRAUM $65B
      • Blue Owl Credit Private Fund Advisors LLC
        investment adviserbankpooled vehicle sponsornRAUM $46B
      • Blue Owl Diversified Credit Advisors LLC
        investment adviserbankpooled vehicle sponsornRAUM $4.1B
      • Blue Owl Diversified Lending (Cp) Gp LLC
        pooled vehicle sponsorn
      • Blue Owl Diversified Lending 2020 Gp LLC
        pooled vehicle sponsorn
      • Blue Owl First Lien Gp LLC
        pooled vehicle sponsorn
      • Blue Owl First Lien II Gp LLC
        pooled vehicle sponsorn
      • Blue Owl Funding Partners Gp LLC
        pooled vehicle sponsorn
      • Blue Owl Gp Stakes Advantage Associates LP
        pooled vehicle sponsorn
      • Blue Owl Gp Stakes Associates Dgp Co-Invest LP
        pooled vehicle sponsorn
      • Blue Owl Gp Stakes Associates III LP
        pooled vehicle sponsorn
      • Blue Owl Gp Stakes Associates IV LP
        pooled vehicle sponsorn
      • Blue Owl Gp Stakes Associates V LP
        pooled vehicle sponsorn
      • Blue Owl Gp Stakes Associates Vi LP
        pooled vehicle sponsorn
      • Blue Owl Gp Stakes Gp Holdings LLC
        pooled vehicle sponsorn
      • Blue Owl Gp Stakes I Gp LLC
        pooled vehicle sponsorn
      • Blue Owl Gp Stakes II Gp LLC
        pooled vehicle sponsorn
      • Blue Owl Gpsc Advisors LLC
        investment adviserbankpooled vehicle sponsornRAUM $95B
      • Blue Owl Gpsc IV Advisors LLC
        investment adviserbankpooled vehicle sponsorn
      • Blue Owl Healthcare Opportunities Advisors LLC
        investment adviserbankpooled vehicle sponsorn
      • Blue Owl Healthcare Opportunities Gp II LLC
        pooled vehicle sponsorn
      • Blue Owl Healthcare Opportunities Gp III LLC
        pooled vehicle sponsorn
      • Blue Owl Healthcare Opportunities Gp IV LLC
        pooled vehicle sponsorn
      • Blue Owl Homecourt Associates LLC
        pooled vehicle sponsorn
      • Blue Owl Liquid Credit Advisors LLC
        investment adviserpooled vehicle sponsorn
      • Blue Owl Mc Debt Opportunities Gp LLC
        pooled vehicle sponsorn
      • Blue Owl Nl Opportunity Credit Gp LLC
        pooled vehicle sponsorn
      • Blue Owl Nl Opportunity Credit Manager LLC
        pooled vehicle sponsorn
      • Blue Owl Opportunistic Lending Co-Invest II (A) Gp LLC
        pooled vehicle sponsorn
      • Blue Owl Opportunistic Lending Dl (C) Gp LLC
        pooled vehicle sponsorn
      Advisers that list Blue Owl Real Estate Capital LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY2 employees
      • Short Hills, NJ1 employees
      What changed
      consecutive filings, newest first
      • Private funds · 53 to 54
        Apr 29, 2026 to May 22, 2026
      • Accounts · 79 to 91
        Feb 26, 2026 to Mar 31, 2026
      • Advisory employees · 110 to 130
        Feb 26, 2026 to Mar 31, 2026
      • BD registered reps · 2 to 3
        Feb 26, 2026 to Mar 31, 2026
      • Corporate clients · 0 to 1
        Feb 26, 2026 to Mar 31, 2026
      • Pooled vehicle clients · 52 to 68
        Feb 26, 2026 to Mar 31, 2026
      • Assets in custody · $36B to $46B
        Feb 26, 2026 to Mar 31, 2026
      • Employees · 110 to 130
        Feb 26, 2026 to Mar 31, 2026
      • Private funds · 51 to 53
        Feb 26, 2026 to Mar 31, 2026
      • Discretionary RAUM · $53B to $64B
        Feb 26, 2026 to Mar 31, 2026
      • Non-discretionary RAUM · $871M to $3.6B
        Feb 26, 2026 to Mar 31, 2026
      • Pooled vehicle RAUM · $45B to $57B
        Feb 26, 2026 to Mar 31, 2026
      • RAUM · $54B to $68B
        Feb 26, 2026 to Mar 31, 2026
      • Private funds · 50 to 51
        Dec 22, 2025 to Feb 26, 2026
      • Private funds · 41 to 50
        Jul 10, 2025 to Aug 27, 2025
      • Financial planning clients · unset to
        Jun 4, 2025 to Jul 10, 2025
      • Assets in custody · $35B to $36B
        Mar 31, 2025 to May 7, 2025
      • Discretionary RAUM · $52B to $53B
        Mar 31, 2025 to May 7, 2025
      • Pooled vehicle RAUM · $44B to $45B
        Mar 31, 2025 to May 7, 2025
      • RAUM · $53B to $54B
        Mar 31, 2025 to May 7, 2025
      • Accounts · 26 to 79
        Dec 26, 2024 to Mar 31, 2025
      • Advisory employees · 30 to 110
        Dec 26, 2024 to Mar 31, 2025
      • Advisory activities · 1 to 2
        Dec 26, 2024 to Mar 31, 2025
      • BD registered reps · 1 to 2
        Dec 26, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 26 to 52
        Dec 26, 2024 to Mar 31, 2025
      • Assets in custody · $21B to $35B
        Dec 26, 2024 to Mar 31, 2025
      • Employees · 30 to 110
        Dec 26, 2024 to Mar 31, 2025
      • Other offices · 2 to 9
        Dec 26, 2024 to Mar 31, 2025
      • Private funds · 14 to 41
        Dec 26, 2024 to Mar 31, 2025
      • Discretionary RAUM · $25B to $52B
        Dec 26, 2024 to Mar 31, 2025
      • Non-discretionary RAUM · $127M to $871M
        Dec 26, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $25B to $44B
        Dec 26, 2024 to Mar 31, 2025
      • RAUM · $25B to $53B
        Dec 26, 2024 to Mar 31, 2025
      • Accounts · 32 to 26
        Mar 28, 2024 to May 8, 2024
      • Pooled vehicle clients · 32 to 26
        Mar 28, 2024 to May 8, 2024
      • Assets in custody · $21B to $21B
        Mar 28, 2024 to May 8, 2024
      • Other offices · 1 to 2
        Mar 28, 2024 to May 8, 2024
      • Private funds · 11 to 14
        Mar 28, 2024 to May 8, 2024
      • Discretionary RAUM · $25B to $25B
        Mar 28, 2024 to May 8, 2024
      • Non-discretionary RAUM · $0 to $127M
        Mar 28, 2024 to May 8, 2024
      Signals
      19 dated events
      • Blue Owl Real Estate Capital Llc reported RAUM $67.9B, up 26% from $53.8B (2026-02-26 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • Blue Owl Real Estate Capital Llc reported RAUM $52.8B, up 111% from $25.1B (2024-12-26 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • Blue Owl Real Estate Capital Llc reported 9 offices beyond its principal office, up from 2 (2024-12-26 to 2025-03-31)
        Mar 31, 2025 · Office count change · derived
      • Blue Owl Real Estate Capital Llc reported RAUM $25.3B, up 37% from $18.4B (2024-03-06 to 2024-03-28)
        Mar 28, 2024 · RAUM change · derived
      • Douglass Michael Rees (Co-President) no longer on Schedule A of Blue Owl Real Estate Capital Llc (listed 2023-05-31, absent 2023-07-14)
        Jul 14, 2023 · Control person left · inference
      • Nmn Karen Hager (Chief Compliance Officer) appeared on Schedule A of Blue Owl Real Estate Capital Llc
        Jan 28, 2022 · Control person joined · fact
      • Ann Neena Reddy (Chief Legal Officer) appeared on Schedule A of Blue Owl Real Estate Capital Llc
        Jan 28, 2022 · Control person joined · fact
      • Jay Alan Kirshenbaum (Chief Financial Officer) appeared on Schedule A of Blue Owl Real Estate Capital Llc
        Jan 28, 2022 · Control person joined · fact
      • Steven Marc Lipschultz (Co-President) appeared on Schedule A of Blue Owl Real Estate Capital Llc
        Jan 28, 2022 · Control person joined · fact
      • Irving Douglas Ostrover (Chief Executive Officer) appeared on Schedule A of Blue Owl Real Estate Capital Llc
        Jan 28, 2022 · Control person joined · fact
      • Robert Andrew Polland (Chief Operating Officer) appeared on Schedule A of Blue Owl Real Estate Capital Llc
        Jan 28, 2022 · Control person joined · fact
      • Douglass Michael Rees (Co-President) appeared on Schedule A of Blue Owl Real Estate Capital Llc
        Jan 28, 2022 · Control person joined · fact
      • Florence Larissa Herczeg (Managing Partner) no longer on Schedule A of Blue Owl Real Estate Capital Llc (listed 2021-11-05, absent 2022-01-28)
        Jan 28, 2022 · Control person left · inference
      • Joseph James Hennessey (Chief Compliance Officer, Chief Financial Officer & Managing Partner) no longer on Schedule A of Blue Owl Real Estate Capital Llc (listed 2021-11-05, absent 2022-01-28)
        Jan 28, 2022 · Control person left · inference
      • Blue Owl Real Estate Capital Llc reported RAUM $11.5B, up 67% from $6.9B (2020-03-30 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • Blue Owl Real Estate Capital Llc reported RAUM $6.9B, up 112% from $3.2B (2019-03-30 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • Blue Owl Real Estate Capital Llc reported RAUM $3.2B, up 58% from $2.1B (2018-03-29 to 2019-03-30)
        Mar 30, 2019 · RAUM change · derived
      • Blue Owl Real Estate Capital Llc reported RAUM $2.1B, up 33% from $1.5B (2017-03-31 to 2018-03-29)
        Mar 29, 2018 · RAUM change · derived
      • Oak Street Real Estate Capital, Llc filed its initial SEC registration (Form ADV)
        Sep 7, 2012 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/blue-owl-capitalreportedpublic record, Form ADV, Sep 17, 2026
      Website
      blueowl.comreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      (212) 419-3000reportedpublic record, Form ADV, May 22, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      Blue Owl Real Estate Capital LLC is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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