Blue Owl Has £36 Million Exposure to a Collapsed UK Lender

Blue Owl Capital Inc. has a £36 million ($48 million) exposure to Century Capital Partners Ltd., a London-based property lender that filed for administration last month.

The US private credit firm, which manages $307 billion of assets, funded the riskiest tranche of loans originated by Century, a so-called bridging lender focused on high-end central London real estate, according to people familiar with the matter who asked not to be named discussing private information. The company’s shares fell as much as 7% in New York.