Blue Owl Reels as Investors Who Fueled Its Growth Now Want Out

The top-line numbers from Blue Owl Capital Inc.’s funds were unambiguous and, by just about any measure, ugly.

Investors sought to cash in more than 20% of shares from its flagship $36 billion private credit fund. Its smaller, tech-focused vehicle saw redemption requests top 40%. The firm, like others across the $1.8 trillion market, enforced a 5% withdrawal limit, leaving billions trapped.