Exhibit 21.1
SUBSIDIARIES OF BLUE OWL CAPITAL INC.
Name of SubsidiaryCountry (State)
Blackthorn Diversified Credit 2024 GP LLCUnited States (Delaware)
Blue Owl A4 GP LPUnited States (Delaware)
Blue Owl Access Fund GP LLCUnited States (Delaware)
Blue Owl AIF Co-Investment GP LPUnited States (Delaware)
Blue Owl AIF Evergreen P2 DAC GP INC.United States (Delaware)
Blue Owl Alta Merger Sub Two LLCUnited States (Delaware)
Blue Owl Alternative Credit Advisors II LLCUnited States (Delaware)
Blue Owl Alternative Credit Advisors LLCUnited States (Delaware)
Blue Owl Alternative Credit Holdings II LLCUnited States (Delaware)
Blue Owl Asset Income Evergreen GP LPUnited States (Delaware)
Blue Owl Asset Income II GP LLCUnited States (Delaware)
Blue Owl Asset Income IV GP LPUnited States (Delaware)
Blue Owl Asset Income V GP LPUnited States (Delaware)
Blue Owl Asset Special Opportunities IX GP LPUnited States (Delaware)
Blue Owl Asset Special Opportunities V GP LLCUnited States (Delaware)
Blue Owl Asset Special Opportunities VI GP LLCUnited States (Delaware)
Blue Owl Asset Special Opportunities VII GP LLCUnited States (Delaware)
Blue Owl Asset Special Opportunities VIII GP LPUnited States (Delaware)
Blue Owl Asset Special Opportunities VIII-E GP LPUnited States (Delaware)
Blue Owl Beaufort Credit GP LLCUnited States (Delaware)
Blue Owl Capital (Dubai) LimitedUnited Arab Emirates
Blue Owl Capital Australia Pty LtdAustralia
Blue Owl Capital Canada Holdings I LLCUnited States (Delaware)
Blue Owl Capital Canada Holdings II LLCUnited States (Delaware)
Blue Owl Capital Canada ULCCanada (British Columbia)
Blue Owl Capital Carry LPUnited States (Delaware)
Blue Owl Capital Credit GP Holdings LLCUnited States (Delaware)
Blue Owl Capital Deutschland GmbHGermany
Blue Owl Capital Diversified Holdings LLCUnited States (Delaware)
Blue Owl Capital GP Holdings LLCUnited States (Delaware)
Blue Owl Capital GP Holdings LPUnited States (Delaware)
Blue Owl Capital GP LLCUnited States (Delaware)
Blue Owl Capital Group LLCUnited States (Delaware)
Blue Owl Capital HK LimitedHong Kong
Blue Owl Capital Holdings LLCUnited States (Delaware)
Blue Owl Capital Holdings LPUnited States (Delaware)
Blue Owl Capital Italia S.r.l.Italy
Blue Owl Capital JapanCayman Islands
Blue Owl Capital Middle East LimitedUnited Arab Emirates
Blue Owl Capital Singapore Pte. Ltd.Singapore
1

Name of SubsidiaryCountry (State)
Blue Owl Capital Technology Holdings Holdco, LLCUnited States (Delaware)
Blue Owl Capital Technology Holdings II LLCUnited States (Delaware)
Blue Owl Capital Technology Holdings LLCUnited States (Delaware)
Blue Owl Capital UK LimitedUnited Kingdom
Blue Owl Credit Advisors LLCUnited States (Delaware)
Blue Owl Credit Private Fund Advisors LLCUnited States (Delaware)
Blue Owl Digital Infrastructure Advisors LLCUnited States (Delaware)
Blue Owl Direct Lending Insurance Fund GP LLCUnited States (Delaware)
Blue Owl Diversified Credit (M) GP LLCUnited States (Delaware)
Blue Owl Diversified Credit Advisors LLCUnited States (Delaware)
Blue Owl Diversified Lending (CP) GP LLCUnited States (Delaware)
Blue Owl Diversified Lending 2020 GP LLCUnited States (Delaware)
Blue Owl Diversified Lending II (Cayman) GP LLCCayman Islands
Blue Owl Exchange GP LLCUnited States (Delaware)
Blue Owl Finance LLCUnited States (Delaware)
Blue Owl First Lien Fund (C) GP LLCUnited States (Delaware)
Blue Owl First Lien Fund (O) GP LLCUnited States (Delaware)
Blue Owl First Lien Fund II (Cayman) Unlevered GP LLCCayman Islands
Blue Owl First Lien GP LLCUnited States (Delaware)
Blue Owl First Lien II 1X GP LLCUnited States (Delaware)
Blue Owl First Lien II GP LLCUnited States (Delaware)
Blue Owl Funding Partners (T) GP LLCUnited States (Delaware)
Blue Owl Funding Partners GP LLCUnited States (Delaware)
Blue Owl GP Stakes Advantage Associates LPUnited States (Delaware)
Blue Owl GP Stakes Associates DGP Co-Invest LPUnited States (Delaware)
Blue Owl GP Stakes Associates III LPUnited States (Delaware)
Blue Owl GP Stakes Associates IV LPUnited States (Delaware)
Blue Owl GP Stakes Associates V LPUnited States (Delaware)
Blue Owl GP Stakes Associates VI LPUnited States (Delaware)
Blue Owl GP Stakes Associates VI S.à r.l.Luxembourg
Blue Owl GP Stakes Atlas Fund I Associates LPUnited States (Delaware)
Blue Owl GP Stakes Atlas Fund II Associates LPUnited States (Delaware)
Blue Owl GP Stakes GP Holdings LLCUnited States (Delaware)
Blue Owl GP Stakes I GP LLCUnited States (Delaware)
Blue Owl GP Stakes II GP LLCUnited States (Delaware)
Blue Owl GP Stakes Mirror GP LLCUnited States (Delaware)
Blue Owl GPSC Advisors LLCUnited States (Delaware)
Blue Owl GPSC Holdings LLCUnited States (Delaware)
Blue Owl GPSC IV Advisors LLCUnited States (Delaware)
Blue Owl Healthcare Opportunities Advisors LLCUnited States (Delaware)
Blue Owl Healthcare Opportunities GP II LLCUnited States (Delaware)
Blue Owl Healthcare Opportunities GP III LLCUnited States (Delaware)
Blue Owl Healthcare Opportunities GP IV LLCUnited States (Delaware)
Blue Owl Healthcare Opportunities V GP LLCUnited States (Delaware)
2

Name of SubsidiaryCountry (State)
Blue Owl HomeCourt Associates LLCUnited States (Delaware)
Blue Owl Insurance Advisors LLCUnited States (Delaware)
Blue Owl Insurance GP LLCUnited States (Delaware)
Blue Owl Insurance Solutions LPUnited States (Delaware)
Blue Owl Kite Blocker I, Inc.United States (Delaware)
Blue Owl Kite Blocker II, Inc.United States (Delaware)
Blue Owl Kite Blocker III, Inc.United States (Delaware)
Blue Owl Lending Fund (M) GP LLCUnited States (Delaware)
Blue Owl Liquid Credit Advisors LLCUnited States (Delaware)
Blue Owl Liquid Credit CLO Equity GP LLCUnited States (Delaware)
Blue Owl MC Debt Opportunities Financing I GP LtdUnited States (Delaware)
Blue Owl MC Debt Opportunities GP LLCUnited States (Delaware)
Blue Owl NL Opportunity Credit GP LLCUnited States (Delaware)
Blue Owl Oak Trust Carry LLCUnited States (Delaware)
Blue Owl Opportunistic Lending DL (C) GP LLCUnited States (Delaware)
Blue Owl Opportunistic Lending GP LLCUnited States (Delaware)
Blue Owl Opportunistic Lending I (H) GP LLCUnited States (Delaware)
Blue Owl Opportunistic Lending II GP LLCUnited States (Delaware)
Blue Owl Real Estate (T) GP LLCUnited States (Delaware)
Blue Owl Real Estate Capital LLCUnited States (Illinois)
Blue Owl Real Estate Debt Advisors LLCUnited States (Delaware)
Blue Owl Real Estate Emerging Manager U1 GP LLCUnited States (Delaware)
Blue Owl Real Estate Emerging Manager U1A GP LLCUnited States (Delaware)
Blue Owl Real Estate Emerging Manager U2 GP LLCUnited States (Delaware)
Blue Owl Real Estate ERS PREEM I GP LLCUnited States (Delaware)
Blue Owl Real Estate ERS PREEM II GP LLCUnited States (Delaware)
Blue Owl Real Estate ERS PREEM III LLCUnited States (Delaware)
Blue Owl Real Estate European Net Lease GP LPUnited States (Delaware)
Blue Owl Real Estate European Net Lease GP S.à r.l.Luxembourg
Blue Owl Real Estate European NL GP UGP LLCUnited States (Delaware)
Blue Owl Real Estate Exchange DST Manager LLCUnited States (Delaware)
Blue Owl Real Estate Fund GP V LLCUnited States (Delaware)
Blue Owl Real Estate Fund GP VI LLCUnited States (Delaware)
Blue Owl Real Estate Fund III GP LLCUnited States (Delaware)
Blue Owl Real Estate Fund IV GP LLCUnited States (Delaware)
Blue Owl Real Estate GP Holdings LLCUnited States (Delaware)
Blue Owl Real Estate Holdings LPUnited States (Delaware)
Blue Owl Real Estate Maritime Opportunity Fund GP LLCUnited States (Delaware)
Blue Owl Real Estate Net Lease IDF GP LLCUnited States (Delaware)
Blue Owl Real Estate Net Lease Property Fund GP LLCUnited States (Delaware)
Blue Owl SCF GP Ltd.United States (Delaware)
Blue Owl Securities LLCUnited States (Delaware)
Blue Owl Strategic Equity Advisors LLCUnited States (Delaware)
Blue Owl Strategic Equity Fund Holdings LLCUnited States (Delaware)
3

Name of SubsidiaryCountry (State)
Blue Owl Strategic Equity GP, LLCUnited States (Delaware)
Blue Owl Strategic Equity HoldCo LLCUnited States (Delaware)
Blue Owl Strategic Equity Partners Advisors LLCUnited States (Delaware)
Blue Owl Strategic Equity Partners GP LLCUnited States (Delaware)
Blue Owl Technology Credit Advisors II LLCUnited States (Delaware)
Blue Owl Technology Credit Advisors LLCUnited States (Delaware)
Blue Owl Technology Lending (M) GP LLCUnited States (Delaware)
BOA Alameda GP LPUnited States (Delaware)
BOA Alamosa GP LPUnited States (Delaware)
BOA Assets Parallel 345 GP LPUnited States (Delaware)
BOA Capital VIII GP LPUnited States (Delaware)
BOA Commercial Real Estate I GP LPUnited States (Delaware)
BOA Commercial Real Estate II GP LPUnited States (Delaware)
BOA Continuation VI-A GP LLCUnited States (Delaware)
BOA Digithouse GP LLCUnited States (Delaware)
BOA Hybrid Income Fund Evergreen GP LPUnited States (Delaware)
BOA Leasing Fund Evergreen GP LPUnited States (Delaware)
BOA NMP GP LLCUnited States (Delaware)
BOA Silver Creek GP LPUnited States (Delaware)
BOA SOF Secondaries GP LLCUnited States (Delaware)
BOA Special Purpose Investment Fund II GP LLCUnited States (Delaware)
BOA Special Purpose Investment Fund II GP LLCUnited States (Delaware)
BOA SS GP LLCUnited States (Delaware)
Dyal LP Holdings LLCUnited States (Delaware)
Dyal Strategic Capital Associates LLCUnited States (Delaware)
Empire Opportunistic Secondary GP LLCUnited States (Delaware)
Katayma Credit Management, LLCUnited States (Delaware)
Midtown Madison Management LLCUnited States (Delaware)
Oak Street Investment Grade Net Lease Fund GP, LLCUnited States (Delaware)
ORCA I LLCUnited States (Delaware)
Owl Rock UK LLCUnited States (Delaware)
Prima Capital Advisors Holdings, LLCUnited States (Delaware)
Prima Capital Advisors LLCUnited States (New York)
4