Blue Owl permanently stops redemptions at private credit fund, FT reports

Private credit group Blue Owl will permanently restrict investors from withdrawing their cash from its inaugural private retail debt fund, backtracking from an earlier plan to reopen to redemptions this quarter, Financial Times’ Antoine Gara and Eric Platt report. The New York investment group on Wednesday said investors in Blue Owl Capital (OWL) Corp II would no longer be able to redeem their investments in quarterly intervals but that the company would instead return investors’ capital in episodic payments as it sells down assets in coming quarters and years, the authors write.