Market Chatter: Blue Owl Private Credit Funds Cap Redemptions After 18.8%, 38.1% Requests

MT Newswires Live
Jul 02

Two Blue Owl Capital (OWL) business development companies received large redemption requests for the second consecutive quarter, Bloomberg reported Thursday, citing an investor letter.

Blue Owl Credit Income, or OCIC, received requests amounting to 18.8% of shares, or $3.6 billion, while Blue Owl Technology Income received shareholder requests totaling 38.1%, or $1.1 billion, the report said.

The company said it has satisfied over 43% of the original demand from shareholders with repeat withdrawal requests and that OCIC doesn't need to sell a single private loan to satisfy the tender offer, according to the report.

Blue Owl didn't immediately reply to a request for comment from MT Newswires.

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