New York, February 6, 2026, 08:41 ET — Premarket update.
- Blue Owl shares slipped roughly 3.4% to $11.63 before the opening bell.
- Co-CEO Marc Lipschultz dismissed concerns that AI would disrupt software borrowers or spill over into private credit.
- The company reported quarterly profits above expectations and announced its assets under management have surpassed $300 billion.
Shares of Blue Owl Capital dipped in premarket trading on Friday, marking a tough week for private-capital stocks as investors rethink software-related risks within private credit portfolios.
This shift is crucial as the selloff has spread past public software stocks to alternative asset managers who lend to or co-invest with those firms. Should markets continue to factor in rising defaults or delayed exits, fundraising and fee growth risk taking a hit—even if reported earnings remain stable.
On the post-earnings call, co-CEO Marc Lipschultz dismissed the “monolithic” fears around AI disruption as “quite misguided.” He pointed out that the firm’s tech holdings haven’t shown any “meaningful losses” or signs of weakening performance. Reuters
Blue Owl revealed its software holdings make up roughly 8% of its total assets under management (AUM). The firm also flagged that worries over software have rattled the wider alternative-asset sector this week.
Blue Owl reported adjusted earnings of 24 cents per share for the fourth quarter, beating estimates of 22 cents, according to LSEG data cited by Reuters. The company also secured $17.3 billion in new capital commitments during the quarter and surpassed $300 billion in assets under management.
Blue Owl isn’t the only one feeling the heat. Reuters reported that KKR believes there are chances to capitalize on the volatility sparked by worries over AI disruption, following investor jitters about software firms that have extended to their financiers.
Blue Owl announced a quarterly dividend of $0.225 per Class A share, with a payout date set for March 2. The dividend goes to shareholders recorded by Feb. 20, according to an SEC filing.
The risk for the stock is clear: if AI fears continue to drag down software valuations, lenders might encounter stricter refinancing terms, increased loss estimates, or a slowdown in deal flow—long before defaults appear in the numbers. This could pressure fee-related earnings and sour sentiment toward private credit overall.
Traders are now watching for further moves after the AI-driven software selloff, while also focusing on Blue Owl’s dividend schedule. The record date is Feb. 20, with payments expected on March 2.
