Blue Owl has moved to limit withdrawals from two of its funds after receiving elevated redemption requests in the first quarter, as investor sentiment towards private credit – particularly technology-focused strategies – weakened, according to a report by Reuters.
The firm said it will cap redemptions at 5% of shares in both Blue Owl Technology Income Corp (OTIC) and Blue Owl Credit Income Corp (OCIC), despite investors reportedly requesting to withdraw 40.7% and 21.9% of shares respectively.
Th...
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