Blue Owl Faces Redemption Surge, Sees Tech Opportunities
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Blue Owl faces redemption requests surge, capping at 5% for two private credit funds, blaming market jitters over AIs impact on tech companies. Despite public concerns, Blue Owl sees opportunities in lending to select tech spots on better terms. Investors react cautiously, with Blue Owls non-traded funds seeing higher redemptions than peers. Despite seventeen percent requests for OTIC and five percent for OCIC, both funds still attracted gross inflows, keeping net outflows small. Blue Owl attributes stability to a concentrated shareholder crowd in tech and a small investor group in the flagship fund.
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