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Two Blue Owl Private Credit Funds Impose Caps After Redemption Requests
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Two Blue Owl Private Credit Funds Impose Caps After Redemption Requests For the second straight quarter, two Blue Owl Capital Inc. private credit funds were hit with the industry’s largest redemption requests, forcing the manager to again cap withdrawals. Investors in the roughly $34 billion Blue Owl Credit Income Corp., one of the largest in the industry, asked to pull 18.8% of shares, or $3.6 billion in the second quarter, according to an investor letter Thursday. That was down from $4.2...
Two Blue Owl Private Credit Funds Impose Caps After Redemption Requests
For the second straight quarter, two Blue Owl Capital Inc. private credit funds were hit with the industry’s largest redemption requests, forcing the manager to again cap withdrawals.
Investors in the roughly $34 billion Blue Owl Credit Income Corp., one of the largest in the industry, asked to pull 18.8% of shares, or $3.6 billion in the second quarter, according to an investor letter Thursday. That was down from $4.2 billion requested in the prior period from the fund known as OCIC.