Blue Owl Anxiety Rattles $1.8 Trillion Private Credit Market
Worry in the private credit market continued Monday after Blue Owl last week permanently closed one of its tech-focused funds — preventing investors from withdrawing their cash every three months as they’d previously been allowed. The firm began selling assets to return investor capital. It’s the latest sign of tumult in a $1.8 trillion market stricken with worry about overspending on artificial intelligence, the technology’s disruptive power and lending standards more broadly. And it’s ev...
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