Blue Owl's blues reignite debate over retail money in private credit

Welcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at two billionaire brothers supporting the reconstruction drive in their Syrian homeland, growing demand to hedge hyperscaler debt, and how one tech-focused venture capital firm is still managing to reel in billions. But first, we look at Blue Owl. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net

Question marks about whether private markets can ever truly offer liquidity to retail investors are to the fore again after asset manager Blue Owl restricted withdrawals from one of its retail-focused credit funds.