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Blue Owl Capital

Credit-focused alternative asset manager

Investment Operations Associate - Investment Operations

Full-Time
$100k - $110k/yr+ Discretionary bonus
Junior, Mid
Bachelor's
New York, NY, USA
In Person
Finance & BankingAsset Management

About the job

Requirements
  • A bachelor's degree is required.
  • One to three years of experience within financial services, investment operations, loan operations, fund operations, or related fields is required.
  • A strong understanding of loan operations and private credit investments is expected.
  • Knowledge of investment structures including first lien loans, second lien loans, unitranche loans, unsecured debt, preferred equity, warrants, and convertible securities is required.
  • Knowledge of loan features including interest rate resets, pricing grids, amortization schedules, PIK interest, repayments, amendments, and restructurings is required.
Responsibilities
  • Review and interpret legal and transaction documentation, including credit agreements, security agreements, purchase agreements, certificates, and related documents.
  • Research and validate investment data against trade documentation, agent notifications, and third-party service provider records.
  • Set up and maintain assets within internal systems using legal documents, Wall Street Office (WSO) reference data, and custodian files.
  • Coordinate updates resulting from amendments, restructurings, and corporate actions with internal stakeholders and external service providers.
  • Monitor and maintain the accuracy and completeness of investment data across multiple platforms and downstream reporting systems.
  • Perform daily, weekly, and monthly reconciliations between internal systems, administrators, trustees, custodians, and other external partners.
  • Support ad hoc projects and operational initiatives, including reconciliations of positions, income, accruals, and other portfolio activity.
  • Contribute to process improvement initiatives that enhance operational efficiency, scalability, and controls.
Desired Qualifications
  • Experience supporting alternative investment products, particularly credit or debt investments, is strongly preferred.
  • Familiarity with directly originated loans, broadly syndicated loans, or other private credit instruments is preferred.
  • Strong analytical and problem-solving capabilities.
  • Exceptional attention to detail and commitment to data accuracy.
  • Strong organizational and time management skills, including the ability to manage competing priorities.
  • Effective written and verbal communication skills.
  • Ability to build relationships and collaborate across teams and external partners.
  • Ability to work independently and within a team environment.

About the company

Blue Owl Capital operates as a leading alternative asset manager focused on credit markets. It offers credit-focused investment strategies managed by a team of investment professionals with diverse underwriting expertise across many industries. The product works by pooling investors’ capital into credit funds or customized accounts, where the investment team evaluates borrowers and structures, applies risk controls, and buys loans, bonds, and other credit instruments to build diversified portfolios that aim to generate returns. The company differentiates itself from competitors through a multi-perspective investment approach: each partner contributes a unique view on credit risk, creating a holistic assessment of opportunities and threats. Its goal is to deliver attractive risk-adjusted returns by actively managing credit portfolios across different market cycles.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

New York City, New York

Founded

2021

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Simplify's Take

What believers are saying

  • Blue Owl closed a $398 million CLO on September 2, 2026, extending credit origination.
  • On September 17, 2026, Blue Owl completed a $91.7 million Trustmark sale-leaseback.
  • AI data-center demand remains strong, and Blue Owl still controls scarce development capacity.

What critics are saying

  • Oracle invoked force majeure on Project Jupiter on September 24, 2026, delaying cash flows.
  • Blue Owl faces a 2026 shareholder lawsuit alleging inflated fund values and excessive fees.
  • If AI infrastructure financing freezes, Stack's project pipeline becomes Blue Owl's existential stress point.

What makes Blue Owl Capital unique

  • Blue Owl's $319 billion platform spans Credit, Real Assets, and GP Strategic Capital.
  • Stack Infrastructure gives Blue Owl a rare, scaled AI data-center development platform.
  • Its permanent-capital structure supports long-duration, fee-generating private credit and real-asset financing.

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Benefits

  • Performance Bonus
  • Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

1%

2 year growth

7%
SecondaryLink
Oct 20th, 2026
SecondaryLink - Blue Owl invests in Ufenau Capital Partners

The passive minority investment will reportedly strengthen the Swiss private equity firm's balance sheet and support team expansion and alignment with LPs.

Kalkine Media
Oct 15th, 2026
Blue Owl lifts revolving credit facility to $3.225B, extends maturity to 2031

Blue Owl Capital Inc. has raised its revolving credit facility to $3.225 billion and extended its maturity to October 14, 2031. The company disclosed the change in an 8-K filing on October 15, 2026. Its indirect subsidiary, Blue Owl Finance LLC, signed the amendment on October 14, 2026. The commitment can rise to $3.87 billion if certain conditions are met. The amendment also lowers borrowing costs. The margin on Term SOFR loans falls to 77.5–127.5 basis points from 87.5–137.5, and the commitment fee range drops to 7.0–16.5 basis points from 7.0–20.0. MUFG Bank, Ltd. remains administrative agent. The other terms are substantially unchanged.

JumpCloud
Oct 13th, 2026
JumpCloud Closes Out $225 Million Series F With Additional $66 Million Raised From Atlassian Ventures, CrowdStrike Falcon Fund, NTT Docomo Ventures, and Others

Learn how Atlassian Ventures, CrowdStrike Falcon Fund, NTT Docomo Ventures, and others are investing in JumpCloud.

Reinsurance News
Oct 12th, 2026
Ancient Capital appoints Imran Ahmed and Sonya Li to senior investment roles.

Ancient Capital appoints Imran Ahmed and Sonya Li to senior investment roles. Ancient Capital, the wholly owned asset management subsidiary of Ancient Financial, has announced the appointments of Imran Ahmed as Chief Investment Officer and Sonya Li as Managing Director. Both Ahmed and Li will report to Erich Schram, Chief Executive Officer of Ancient Financial and Ancient Capital, and will help lead and build out Ancient Capital's investment team. As Chief Investment Officer, Ahmed will oversee investments and portfolio construction for the asset management business, including the management and allocation of the platform's insurance balance sheet assets. He joins Ancient Capital from Silver Rock Capital Partners, where he was responsible for portfolio construction, risk management, and the sourcing and underwriting of investments across corporate, structured and asset-backed credit. Prior to that, Ahmed served as a Managing Director at Blackstone, where he worked for the Strategic Opportunities Fund. In her new role, Li will pursue direct investments, focusing on strategic investments and platform partnerships to support the growth of the business. She brings nearly two decades of experience in alternative credit, strategic transactions and platform growth. Li joins from Blue Owl Capital, where she was a Managing Director within the Office of the Co-CEOs and led strategic acquisitions, including Blue Owl's purchases of IPI Partners, Atalaya Capital Management and Prima Capital Advisors. The two hires follow a series of senior appointments since the firm's launch in March 2026, including Shannon O'Grady as Head of Capital Formation, Derrick Chin as Head of Operations, Steve Ruggeri as Head of Finance and Peter Celebucki as Vice President. Schram said, "Ancient Capital is a rare opportunity to build an investment platform without legacy constraints, with the discipline of an institutional balance sheet behind it. Imran and Sonya are exactly the caliber of investor we set out to attract when we formed this business. Between them, they bring decades of experience underwriting investments, constructing portfolios, and driving strategic transactions at some of the most respected institutions in our industry." Alexander Klabin, Chairman, Ancient Financial, added, "When we created Ancient Financial, we set out to build a platform with the institutional rigor and expertise to manage capital across insurance and asset management, and asked Erich to lead that vision. Imran and Sonya's track records speak for themselves, and I'm confident they'll play a central role in Ancient Capital's growth in the years ahead." In February 2026, Ancient Financial entered into a definitive agreement to acquire Bermuda-based life and annuity reinsurer F&G Re from a subsidiary of F&G Annuities & Life. The business will be renamed Ancient Re upon closing.

Analytics Insight
Sep 25th, 2026
OFSS shares fall over 5% as Oracle flags power delays at AI data centre.

OFSS shares fall over 5% as Oracle flags power delays at AI data centre. OFSS shares fell more than 5% intraday after parent Oracle issued a force majeure notice over possible power delays at its Project Jupiter data centre. The stock was heading for its worst week since January 2025, while Oracle and developer Blue Owl said they remained committed to the project. Published on: 25 Sep 2026, 6:30 am Updated on: 25 Sep 2026, 6:30 am Oracle Financial Services Software (OFSS) shares fell more than 5% on Friday, September 25, after its U.S. parent issued a "force majeure" notice for Project Jupiter. Oracle cited possible delays in securing power for the New Mexico data centre, which it plans to use to supply AI computing capacity to OpenAI. OFSS heads for its worst week since January 2025. OFSS shares touched Rs. 10,332 on the NSE before recovering to Rs. 10,572, down 3.2% during Friday's session. The stock was down about 11% for the week, putting it on course for its steepest weekly fall since January 2025, when it declined more than 12%. The decline follows earlier concern about financing for Jupiter. Last week, banks quoted about $18 billion in loans tied to the campus at 89 to 91 cents on the dollar. Concerns about Oracle's borrowing and setbacks at the site have made the debt harder to sell to investors. Why did Oracle issue the notice? Blue Owl's STACK Infrastructure is developing the 1,400-acre Jupiter campus in Doña Ana County. A person familiar with the agreement told Reuters that Oracle issued the notice over possible delays in securing power. Under the contract, Oracle is responsible for arranging power for the site. Oracle aims to delay certain payments if Jupiter misses its planned 2028 opening, Bloomberg reported. The company is not seeking to leave as the campus's main tenant. A person familiar with the agreement said Oracle cannot terminate the lease. Oracle said Jupiter "remains on our planned schedule." Blue Owl said the notice does not change the companies' financial commitments. The notice addresses potential delays, while both companies maintain that they remain committed to the project. Power delays put project financing under pressure. Jupiter has faced setbacks involving a planned natural gas pipeline and challenges related to water and air-quality permits. The campus forms part of Stargate, the AI infrastructure initiative involving OpenAI, Oracle, SoftBank and other partners. Securing power remains a key step toward opening the facility. Blue Owl has about $3 billion of equity in Jupiter, while Oracle is responsible for debt costs, according to a person familiar with the agreement. Blue Owl earns a lower return during construction and expects a higher return after completion. A later opening would push back the start of those higher payments. Will the delay affect Oracle's near-term revenue? Brokerage William Blair expects limited near-term effects on Oracle despite the concerns about power and regulatory delays. It said Jupiter will contribute no revenue in Oracle's fiscal 2027, leaving that year's revenue unaffected by the campus's delivery timetable. The notice has brought fresh attention to the costs and schedules behind large AI data centres. It does not indicate that OpenAI has reduced its demand for computing capacity. For OFSS, however, the development has added to a week of sharp share losses as investors track Jupiter's power supply and planned 2028 opening.