Blue Owl flagship fund withdrawal requests slow as private credit turmoil eases
OWL•Investors sought to withdraw $4.2 billion from two Blue Owl funds in the third quarter, down from $4.7 billion in the prior quarter. The funds will repurchase 5% of shares, their customary threshold.
1. Requests decline
Withdrawal requests at Blue Owl Capital’s two funds fell to $4.2 billion in the third quarter from $4.7 billion in the previous quarter. The funds will repurchase 5% of shares.
2. OCIC requests fall
At the $35.1 billion Blue Owl Credit Income Corp, requests fell to 16.8% in the third quarter from 18.8% in the prior quarter. The fund said most requests came from investors resubmitting previously unfulfilled tenders.
3. OTIC remains elevated
Investors sought to withdraw $1.1 billion, or 39% of shares, from Blue Owl Technology Income Corp, compared with $1.1 billion, or 38.1%, in the prior quarter. The fund said most requests were resubmissions of previously unfulfilled tenders.
