finance
Blue Owl Private Credit Funds Repurchase $85 Million in Shares
Two private credit funds managed by Blue Owl repurchased $85 million of their shares following a decline in value triggered by volatility in technology markets and a selloff in publicly traded loans. The buyback comes as the funds sought to address the reduced share prices caused by the market movements. @business reported the development.
May 6, 5:30 PM·1m read1 source
Audio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Two private credit funds managed by Blue Owl bought back $85 million of shares after volatility in technology markets and a selloff in publicly traded loans brought down their value. The repurchase occurred as the combined pressures from technology market swings and declining prices in publicly traded loans eroded the funds' share values.
@business reported that the buyback was a direct response to those declines.
A selloff in publicly traded loans also contributed to the reduction in share values for the same funds. The dual market forces prompted the funds to deploy capital for the $85 million share repurchase.
No further details on the timing or exact impact on remaining share values were disclosed.
