Business
Private-Credit Warning Signs Flash After Blue Owl Unloads $1.4 Billion in Assets
Wall Street has been eagerly selling private credit as a hot opportunity for individual investors. That sales pitch just got tougher.
Blue Owl Capital OWL -4.80%decrease; red down pointing triangle, a poster child for the industry, said it is liquidating $1.4 billion in assets to raise money to pay out individuals who bought into some of its funds in their heyday but now want to get out. The firm hoped the sale would shore up wobbling investor confidence.
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