Glendon Capital Management has raised alarms regarding the valuations of Blue Owl's private credit portfolio, suggesting they may be inflated compared to public securities.
The concerns come at a time when Blue Owl's retail fundraising has seen a significant decrease, raising questions about investor confidence.
Additionally, there are apprehensions about a potential increase in loan defaults, which could further impact the stability of Blue Owl's financial standing.
Updates
Update at 17:20 UTC on 2026-05-12
Financial Times reported Fund it operates took in fraction of capital from year-ago level as worries mount over potential surge in loan defaults.
Sources: Financial Times