'We are concerned': Scott Bessent says Treasury is keeping a close eye on the private credit market

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. ...