Blue Owl Caps Withdrawals at Private Credit Funds After 41% and 22% Exit Rush
Blue Owl Capital capped quarterly withdrawals at 5% for two private credit funds after investors sought to redeem 40.7% of shares in Blue Owl Technology Income Corp. and 21.9% in Blue Owl Credit Income Corp. The move follows a sharp rise in redemption requests and comes weeks after Blue Owl sold $1.4 billion in direct-lending assets. Both funds are business development companies focused on middle-market lending.