Blue Owl is Screwed?
22% withdrawal requests from its large private credit fund ($36B assets total) and 40%! withdrawals request from its tech focused private credit fund. Company is limiting to 5% withdrawals. Stock is set to be at an all time low. Is this thing a ticking time bomb?
Just saw that on Bloomberg and couldn't believe it. I have a friend who works there not focused on tech and a few weeks ago he said the mood has shifted but it didn't feel dire.
Curious to hear more opinions and if anyone in the tech focused groups has a different feel. 41% seems pretty fucking dire to me.
kiddan singh
Private credit is learning that both sides of the balance sheet matter.
I find it funny when Dimon & co talk about 'cockroaches', when they're the very people whom gave these cockroaches money in the first place. Logical conclusion of PC in my view
Won't be around in ~2 years
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