Jul 2
Two Blue Owl Private Credit Funds Impose Caps After Redemption Requests
➤ Two Blue Owl private credit funds, Blue Owl Credit Income Corp. (OCIC) and Blue Owl Technology Income Corp. (OTIC), have imposed withdrawal caps for the second consecutive quarter due to significant redemption requests. ➤ Despite the caps, Blue Owl noted a modest decrease in tender requests for OCIC and highlighted that approximately 90% of investors remain in the larger fund, which has seen inflows this year. ➤ The funds, which have generated strong annualized returns, report having substantial liquidity and 'dry powder' to leverage current market conditions for lending opportunities.
