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Stock impact report

Private Credit Redemptions Hit 40% as Oaktree Flags Rising Risks [Yahoo! Finance]

Blue Owl Capital Inc. Class A (OWL) 
Company Research Source: Yahoo! Finance
Oaktree Capital Management co-chief executive Armen Panossian is now flagging a widening gap between public and non-traded vehicles as liquidity tightens and pressure builds in areas like software lending. After the post-pandemic drop in rates drove a surge of capital into credit markets, particularly private lending, Panossian said managers especially those running retail-focused structures like business development companies were pushed to deploy cash quickly, which may have led to weaker selection standards over the last five to six years. Is MCO fairly valued? Test your thesis with our free DCF calculator. That strain is starting to surface in investor behavior. Blue Owl Capital recently capped redemptions at 5% for two of its private credit funds after facing an unusually large wave of withdrawal requests. Investors in the $36 billion Blue Owl Credit Income Corp. sought to redeem nearly 22% of shares in the first quarter, while Blue Owl Technology Income Corp. saw requests ju Show less Read more
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