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BLUE OWL REAL ESTATE CAPITAL LLC
CRD 165132File 801-77141
APPROVED
Custody
Filing as of May 22, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$67.88B
Top 10% of cohort (national)
Discretionary AUM
$64.30B
Non-discretionary $3.58B
Clients
86
91 accounts
Employees
130
Top 10% of cohort in IL
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- CHRO
- Registration date
- Sep 17, 2012
- Principal office
- 150 N RIVERSIDE PLAZA, CHICAGO, IL, 60606
- Phone
- (212) 419-3000
- Website
- https://www.blueowl.com/
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $67.88B
- Discretionary AUM
- $64.30B
- Non-discretionary AUM
- $3.58B
- Discretionary accounts
- 83
- Non-discretionary accounts
- 8
- Total accounts
- 91
- AUM per client
- $789.3M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 1 | $50.0M |
| Non-U.S. persons | 9 | $6.96B |
| Insurance companies | 5 | $764.6M |
| Pooled investment vehicles | 68 | $57.44B |
| State or municipal government entities | 3 | $2.02B |
Compensation & activities
ADV Items 5E, 5GCompensation
- Other
- Other (described) — MORTGAGE LOAN ORIGINATION FEES
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Portfolio management for businesses
- Portfolio management for pooled investment vehicles
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Aug 17, 2026 | Clients | 91 | 86 | decreased by5 |
| Apr 1, 2026 | Employees | 110 | 130 | increased by20 |
| Apr 1, 2026 | Clients | 79 | 91 | increased by12 |
| Apr 1, 2026 | AUM | $53,785,179,000 | $67,880,998,718 | increased by$14,095,819,718 |
| Apr 1, 2026 | Accounts | 79 | 91 | increased by12 |
| Dec 1, 2025 vs May 1, 2025 | AUM | $52,794,446,000 | $53,785,179,000 | increased by$990,733,000 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 40 | 110 | increased by70 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 25 | 79 | increased by54 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $14,838,229,023 | $52,794,446,000 | increased by$37,956,216,977 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 25 | 79 | increased by54 |
| Jul 1, 2022 | Clients | 22 | 25 | increased by3 |
| Jul 1, 2022 | AUM | $13,981,320,427 | $14,838,229,023 | increased by$856,908,596 |
| Jul 1, 2022 | Accounts | 22 | 25 | increased by3 |
| Apr 1, 2022 | Employees | 37 | 40 | increased by3 |
| Apr 1, 2022 | AUM | $11,313,021,632 | $13,981,320,427 | increased by$2,668,298,795 |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “BLUE OWL” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“BLUE OWL” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.

