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0.00141110065851369 -0.00141110065851369 0.0108184383819379 0.00517403574788332 -0.00611476952022573 -0.0211665098777046 -0.0155221072436501 -0.0217685794920038
Stock impact report

'We are concerned': Scott Bessent says Treasury is keeping a close eye on the private credit market [Yahoo! Finance Canada]

Blue Owl Capital Inc. Class A (OWL) 
Pressure on Blue Owl Capital ( OWL ) isn't letting up after an asset sale meant to calm investor worries last week sparked new concern from top government officials about the $1.8 trillion private credit industry. "We are concerned," Treasury Secretary Scott Bessent said Friday when asked about the growth of Blue Owl and other private lenders over recent years. "If there is something rotten, it is not going to be handed to the individual investors," Bessent said. Last Wednesday, Blue Owl said it sold $1.4 billion in loans and lending commitments from three of its funds, with some proceeds used to repay investors 30% of their capital from the oldest private credit fund, known as Blue Owl Development Corporation II (OBDC II), which is winding down after scrapping a planned merger late last year. But what drew outsized attention was Blue Owl's decision to eliminate the opportunity for investors to cash out of OBDC II on a quarterly basis. The move drew fresh scrutiny to the opaq Show less Read more
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