Blue Owl Capital Inc. Stock Price Slides Again as Private-Credit Valuation Fears Deepen
Blue Owl Capital shares fell about 1% to $8.94 Thursday after Glendon Capital challenged valuations in one of its largest funds, according to Reuters. The drop followed reports of rising investor skepticism across the private-credit sector, with BDCs now trading at an average 78 cents on the dollar. Blue Owl has denied claims of hidden losses. Morgan Stanley, Blackstone, and KKR have also reported increased redemption requests.