How Blue Owl found itself at the middle of Wall Street's latest private credit fears

Public worries over the world of private debt have forced major lender Blue Owl Capital (OWL) to scrap plans to give a clear way out to shareholders in one of its private funds. The situation draws more scrutiny to the opaque world of private debt, which has boomed in recent years — and is now gradually making its way into the brokerage and retirement accounts of millions more Americans. New York-based Blue Owl, one of the nation's largest private lenders, called off a planned merger on Thursday that wou ...