Blue Owl caps private credit funds redemptions at 5% after steep request levels

Blue Owl experiencing elevated redemption requests for two of its private credit funds in the first quarter. According to letters to shareholders that came out this morning, the firm's flagship OCIC with about 36 billion in assets received redemption requests of about 21.9% of shares outstanding during the first quarter. Blue Owl's smaller tech oriented fund known as OTIC received redemption requests of 40.7% during the same period.Blue Owl attributes this to quote heightened market concerns around AI relat ...