Blue Owl limits withdrawals in two funds after historic surge in redemption requests

Blue Owl is limiting withdrawals from two of its funds after a historic level of redemption requests came in for the first quarter, the company told investors Thursday, as AI-related worries drove an investor ‌exodus from ⁠its ⁠technology-focused fund.

The private credit firm said it plans to only meet a fraction of the requests, saying there was a “meaningful disconnect” between public sentiment on private credit funds and the underlying performance of its portfolio.