Blue Owl Private Credit Fund Raises $400 Million in Bond Market

A Blue Owl Capital Inc. private credit fund raised $400 million from bond investors Monday, marking the first deal of its kind in over a month, as worries about AI-disrupted software bets and looser lending standards have roiled the once red-hot industry.

The bonds were issued by Blue Owl Capital Corp. — known as OBDC — a publicly-traded business development company that provides direct loans to mostly small and mid-size companies. The investment-grade rated notes, which mature in 2028, were priced to yield 6.5%, according to a regulatory filing.