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Hedge Fund Private Equity

Blue Owl trims software sector exposure

privateequitywire

3 months ago

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Alternative asset manager Blue Owl Capital is reducing its exposure to the software sector in its largest publicly traded private credit vehicle, as concerns grow over how artificial intelligence may reshape valuations and earnings in enterprise software, according to a report by Reuters.
The share of software-related assets in Blue Owl Capital Corp fell to 16% in the first quarter, down from 19% previously, according to management. Executives said the decline was largely driven by natural loan...

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