# Blue Owl Alternative Credit Advisors II LLC

> Blue Owl Alternative Credit Advisors II LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2025, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 334213
- Filed as: BLUE OWL ALTERNATIVE CREDIT ADVISORS II LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/334213
- AdvisorCensus page: https://advisorcensus.com/firm/blue-owl-alternative-credit-advisors-ii-llc-new-york-ny-334213

## Quick answers

**How is Blue Owl Alternative Credit Advisors II LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Blue Owl Alternative Credit Advisors II LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Blue Owl Alternative Credit Advisors II LLC located?**
Blue Owl Alternative Credit Advisors II LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 7 other offices (Schedule D, Section 1.F).

**Is Blue Owl Alternative Credit Advisors II LLC registered with the SEC or a state?**
Blue Owl Alternative Credit Advisors II LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 334213.

**How much does Blue Owl Alternative Credit Advisors II LLC manage?**
Blue Owl Alternative Credit Advisors II LLC reports $1,596,401,778 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Blue Owl Alternative Credit Advisors II LLC's assets and staff changed since 2025?**
In the Form ADV data for Blue Owl Alternative Credit Advisors II LLC: Regulatory assets under management: $0 in the October 2025 data and $1,596,401,778 in the October 2026 data. Total employees: 240 in October 2025 and 250 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Blue Owl Alternative Credit Advisors II LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Does Blue Owl Alternative Credit Advisors II LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/334213

**What changed in Blue Owl Alternative Credit Advisors II LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $0 to $1,596,401,778. Employees performing advisory functions went from 210 to 250. Changed its office addresses in New York, NY. Added an office in Miami, FL. Added an office in San Francisco, CA. Registered or notice-filed in FL. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $1,596,401,778
- Discretionary: $1,596,401,778
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $1,596,401,778 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2025 (1 year)
- Employees: 250 total, 250 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, FL, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Boston, MA
- Dallas, TX
- Greenwich, CT
- Menlo Park, CA
- Miami, FL
- New York, NY
- San Francisco, CA

### Websites listed on Form ADV (Item 1.I)
- blueowl.com
- blueowlproducts.com
- Instagram @blueowlcapital
- LinkedIn @blue-owl-capital
- X @BlueOwlCapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $0 | 240 | March 31, 2025 |
| October 2026 | $1,596,401,778 | 250 | March 31, 2026 |

Regulatory assets under management: $0 in the October 2025 data and $1,596,401,778 in the October 2026 data.
Total employees: 240 in October 2025 and 250 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $0 to $1,596,401,778.
- Employees performing advisory functions went from 210 to 250.
- Changed its office addresses in New York, NY.
- Added an office in Miami, FL.
- Added an office in San Francisco, CA.
- Registered or notice-filed in FL.
- Updated its list of owners and control persons (Schedule A).

### January 2026
- No longer registered or notice-filed in CA, MA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Blue Owl Alternative Credit Advisors II LLC (CRD 334213): Form ADV filing data as of October 2026.