Blue Owl Capital sells 1.4 billion dollars in credit assets to return capital and reduce debt
The firm is selling credit assets to institutional investors to return capital and pay down debt. This move follows market pressure on software investments.
Insights:
Blue Owl Capital Inc. has completed the sale of $1.4 billion of loans from three of its credit funds, a move that enables Blue Owl Capital Corp. II to return 30% of its net asset value to investors. The transaction, which also allows the firm to pay down debt and return capital to its broader investor base, serves as a significant test of investor appetite amid recent software stock selloffs and heightened credit concerns.
