Blue Owl Capital Inc. (OWL) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.059 Good morning and welcome to Blue Owl Capital's first quarter 2026 earnings 00:00:05.059 -- 00:00:09.766 call. During the presentation, your lines will remain on listen only. 00:00:09.766 -- 00:00:13.652 After the presentation, there will be a question and answer session. 00:00:13.652 -- 00:00:17.938 To ask a question, please press star 1 on your telephone keypad. 00:00:17.938 -- 00:00:22.886 I'd like to advise all parties that this conference call is being recorded. 00:00:22.886 -- 00:00:29.473 I will now turn the call over to Anne Dye, Head of Investor Relations for Blue Owl. 00:00:29.545 -- 00:00:31.868 Thanks, Operator, and good morning to everyone. 00:00:31.868 -- 00:00:36.435 Joining me today are Mark Lipschultz, our Co-Chief Executive Officer, and Alan Kirschenbaum, 00:00:36.435 -- 00:00:40.621 our Chief Financial Officer. I'd like to remind our listeners that remarks made during 00:00:40.621 -- 00:00:44.646 the call may contain forward-looking statements which are not a guarantee of future performance 00:00:44.646 -- 00:00:48.532 or results and involve a number of risks and uncertainties that are outside the company's 00:00:48.532 -- 00:00:53.119 control. Actual results may differ materially from those in forward-looking statements 00:00:53.119 -- 00:00:57.490 as a result of a number of factors, including those described from time to time in Blue 00:00:57.490 -- 00:01:01.314 Owl Capital's filings with the Securities and Exchange Commission. 00:01:01.314 -- 00:01:05.057 The company assumes no obligation to update any forward-looking statements. 00:01:05.057 -- 00:01:08.781 We'd also like to remind everyone that we'll refer to non-GAAP measures on the call, 00:01:08.781 -- 00:01:13.265 which are reconciled to GAAP figures in o...