Blue Owl, HPS Join Private Credit Funds Stung by February Losses
Blue Owl offices in New York.
Photographer: John Taggart/BloombergPrivate credit funds already under strain from heavy redemptions have a new pain point: losses in February are shaping up as the worst in more than three years.
Two of the biggest retail-focused funds from Blue Owl Capital Inc. and BlackRock Inc.’s HPS Investment Partners joined peers in reporting negative returns for the month.