Blue Owl Plunges After Halting Redemptions At Private Credit Retail Fund

Things are getting from bad to worse for Private Credit giant Blue Owl Capital.

The last time we looked at the firm's precarious liquidity situation about a month ago, we found that the Blue Owl BDC would allow for 17% redemptions as investors, burned by both the tumbling stock price and the company's massive exposure to ticking private credit time bombs, were storming for the exit.