Blue Owl Fund Outlook Cut to Negative by Moody’s on Outflows

The outlook on the flagship fund of private credit giant Blue Owl Capital Inc. was cut to negative by Moody’s Ratings, the latest sign of mounting strains in an industry stung by investors rushing to pull their money from funds aimed at retail buyers.

The rating firm moved the outlook on Blue Owl Credit Income Corp., a non-traded business development company, from stable after “significantly higher-than-peer redemption requests in the first quarter,” it said in a statement Tuesday. The move is part of Moody’s broader revision of its outlook for private credit investment vehicles to negative.