Key Takeaways
- • Blue Owl Capital reported that redemption requests at its flagship non-traded BDC, Blue Owl Credit Income Corporation (OCIC), declined for a second consecutive quarter in Q3 2026, according to CFO Alan Kirshenbaum on the October 29 earnings call.
- • Over 90% of OCIC's 90,000 shareholders remain fully invested, with limited new participation in the redemption queue.
- • Blue Owl raised $5.6bn across its credit strategies in the quarter, a record for institutional credit fundraising, including $2.3bn for investment-grade credit, $1.8bn for direct lending and $1.1bn for alternative credit.
- • Assets under management rose 12% year on year to approximately $330bn at the end of September, and fundraising over the trailing 12 months reached $48.8bn.
- • Inflows across the firm's private wealth business rose 14% quarter on quarter.
Summary
Blue Owl Capital has reported a further decline in redemption requests at Blue Owl Credit Income Corporation (OCIC), its non-traded business development company and flagship private credit vehicle, marking the second consecutive quarter of falling withdrawal demand. The alternative asset manager confirmed the trend covering the three months to September 2026.
Speaking on the firm's third-quarter earnings call on Thursday, October 29, Alan Kirshenbaum, chief financial officer of Blue Owl, said: "For OCIC, redemption requests declined for the second quarter in a row, and we continue to see limited new participation in the redemption queue, with over 90% of OCIC's 90,000 shareholders remaining fully invested."
The firm also reported improving investor flows across its wider private wealth business, with inflows rising 14% compared with the previous quarter. Blue Owl described a record quarter for institutional fundraising across its credit platform, raising $5.6bn (£4.2bn) across credit strategies. The breakdown comprised $2.3bn for investment-grade credit, $1.8bn for direct lending and $1.1bn for alternative credit.
Across the group, assets under management rose 12% year on year to approximately $330bn at the end of September. Total fundraising over the preceding 12 months reached $48.8bn.
Speaking on the firm's third-quarter earnings call on Thursday, October 29, Alan Kirshenbaum, chief financial officer of Blue Owl, said: "For OCIC, redemption requests declined for the second quarter in a row, and we continue to see limited new participation in the redemption queue, with over 90% of OCIC's 90,000 shareholders remaining fully invested."
The firm also reported improving investor flows across its wider private wealth business, with inflows rising 14% compared with the previous quarter. Blue Owl described a record quarter for institutional fundraising across its credit platform, raising $5.6bn (£4.2bn) across credit strategies. The breakdown comprised $2.3bn for investment-grade credit, $1.8bn for direct lending and $1.1bn for alternative credit.
Across the group, assets under management rose 12% year on year to approximately $330bn at the end of September. Total fundraising over the preceding 12 months reached $48.8bn.
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