Brown University Cuts Blue Owl Private Credit Fund Stake by 53% to 1.5M Shares
Brown University's $8 billion endowment cut its stake in Blue Owl Capital Corp's publicly traded private credit fund by roughly 53%, reducing its holding to 1.5 million shares at March 31 from 3.2 million at end-2025. The endowment retained its entire 2.6 million-share position in Blue Owl's management company.
1. Stake Reduction Details
Brown University's $8 billion endowment reduced its holding in Blue Owl Capital Corp's largest public private credit fund from 3.2 million shares at the end of 2025 to 1.5 million shares as of March 31, representing a 53% stake cut.
2. Management Company Holding
Despite trimming its fund position, Brown retained its entire 2.6 million-share stake in Blue Owl's management company, indicating a targeted adjustment rather than a wholesale exit from the firm's equity.
3. Market and Industry Context
This action comes as publicly traded business development companies like Blue Owl face steep valuation discounts and growing investor skepticism, prompting major institutions to reassess their private credit allocations.