Blue Owl Capital Stock Rebounds Today, but Private-Credit Fears Still Hang Over OWL
Blue Owl Capital shares rose 2.2% to $8.80 Friday amid a rebound in alternative-asset managers, while doubts over private credit valuations persisted. JPMorgan marked down some private-credit loans this week, and Morgan Stanley capped withdrawals at one fund after heavy redemption requests. Publicly traded BDCs now trade at an average 78 cents on the dollar, down from 85 cents at the start of the year, according to Morningstar.