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Blue Owl Capital (NYSE:OWL) capped redemptions in both its funds at 5% after investors requested withdrawals of 22% and 41% in its private credit and technology-focused funds, respectively.
The firm attributed the above-average number of requests to “heightened market concerns around AI-related disruption to software companies.”
“We continue to observe a meaningful disconnect between the public dialogue on private credit and the underlying trends in our portfolio,” Blue Owl wrote in a letter to shareholders and reported by CNBC.
Shares of Blue Owl stock are down around 2% midday and the stock remains down almost 60% in a year.
Other firms have capped redemptions as the private credit market has come …
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