Blue Owl BDCs buy back $85 million in shares as loan values sink

11 articles · Updated · Bloomberg · May 6

In the quarter to 31 March, Blue Owl cut its $14.1 billion technology-focused fund's value about 5% to $16.49 a share and marked down Blue Owl Capital Corporation nearly 3% to $14.41.
The repurchases came as volatility in technology markets and a selloff in publicly traded loans weighed on the two private credit funds managed by Blue Owl Capital Inc.
Blue Owl Capital Corporation had assets of $15.3 billion, underscoring the scale of the markdowns and buybacks across the firm's listed business development companies.

Are Blue Owl's massive buybacks a sign of confidence or a defense against deeper cracks in its tech portfolio?

Is the AI-driven software selloff a fleeting panic or a permanent crisis for the private credit market?

Will a new rule letting 401(k)s into private credit save the market or endanger American retirement savings?