finance
Blue Owl Capital Explores Launch of Private Credit Secondaries Fund
Blue Owl Capital is holding early-stage talks with investors about launching a credit secondaries fund. CEO Marc Lipschultz previously described the sector as offering substantial opportunity while cautioning against signs of market mania. The NYSE-listed firm is moving amid growing activity in private market secondaries.
May 7, 9:24 PM·1m read1 source
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Blue Owl Capital is holding early-stage talks with investors about a credit secondaries fund, Bloomberg News reported. The asset manager, whose shares trade under the ticker OWL on the NYSE, is exploring its first dedicated vehicle to buy secondhand private credit assets. Marc Lipschultz, CEO of Blue Owl Capital, has long viewed the space favorably.
Lipschultz struck a note of caution in the same period. " That warning appeared in a Bloomberg article published on August 16, 2025. Private market secondaries involve investors selling stakes in private funds or companies to other investors before an exit event, according to a recent JPMorgan Chase report.
Such transactions allow limited partners to gain liquidity without waiting for underlying portfolio companies to be sold or taken public. Blue Owl Capital's discussions come as continuation funds and other secondary strategies have driven record volumes in the broader market.
The firm's move would mark an expansion of its existing credit platform into the secondary arena, building on Lipschultz's earlier assessment of the opportunity even as he flagged risks of overheating.
“a great business to be had”
“— Marc Lipschultz, CEO of Blue Owl Capital, during an August 2025 analyst call”
“this sense that people are just picking up free money, and almost a mania”
