Blue Owl BDC Allows 17% Redemptions as Investors Storm Exit

Blue Owl Capital Inc. is dramatically increasing the amount of money investors can pull from one of its private credit funds after being hit with a deluge of redemption requests last month.

The firm is allowing investors in Blue Owl Technology Income Corp., a business development company, to withdraw as much as 17% of the non-traded fund’s net assets, worth about $685 million, well in excess of the 5% quarterly limit the firm had previously set, according to regulatory filings. It also amended the deadline for investors to redeem their shares to Jan. 8 from Dec. 31.