The company seems relatively strong. I personally would not buy it and would instead opt for a larger scale asset manager (think Brookfield). I think the competition is pretty intense in this space and also considering the macro environment, these asset managers tend to have a ton of volatility if the markets get a bit shaky. Look no further than the 26%~ drawdown since late January.
Blue Owl's revenue heavily relies on fees from private credit and equity, which also means if there is some volatility on the markets and liquidity dries up, it could really impact their fee generation.
Very solid company. If one wanted to buy it I'd have nothing against it. I just personally would opt for a industry leader like Brookfield. This one has higher risk/reward potential than a major player like Brookfield, so it all depends what you're looking for.