The sharpest decline has come in Blue Owl stock, whose stock has plunged roughly 70% from last year's peak, highlighting growing concern around liquidity in private credit funds.The ‘Hotel California' ProblemPrivate credit funds typically invest in loans and private deals that rarely trade in open markets. That structure helped deliver attractive yields during years of easy liquidity.But when investors request withdrawals, selling those assets quickly can be difficult.The result is what critics call the pri ...