1058 ET - Withdrawal requests for Blue Owl Capital's biggest private credit fund slowed in the latest quarter, soothing some jitters around the health of the private credit industry. Investors in the fund asked the firm to return 19% of shares outstanding in the fund in the second quarter, down from 22% in the prior quarter. Redemption requests similarly slowed for its technology-focused fund. Those trends are welcome news for Blue Owl and other private credit funds, which have been dealing with a surge in withdrawal requests lately after high-profile defaults last year triggered worries around the health of their investments. "Credit quality remained resilient," boosted by strong fundamentals and borrower health, the firm said in a July letter to shareholders. The firm said it was encouraged to see the modestly lower quarter-over-quarter tender requests, and believes the recent performance reflects has contributed to improved investor sentiment. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
July 02, 2026 10:58 ET (14:58 GMT)
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