Blue Owl's Publicly Traded Fund Reports Decline in Income and Asset Values Amid Private Credit Concerns
Blue Owl Capital reported a decline in net investment income, net asset value, and new investments, leading to a cut in its base dividend. The company's publicly traded fund, Blue Owl Capital Corp., fell over 7% after the bell before closing down about 4.5%. The report has raised concerns in the private credit sector despite low default rates.
Topics: dividend cut net asset value net investment income portfolio volatility private credit