Blue Owl BDCs Buy Back $85 Million of Shares as Loan Values Sink
Two private credit funds managed by Blue Owl Capital Inc. bought back $85 million of shares as volatility in technology markets brought down their value. The firm cut the value of its $14.1 billion technology-focused business development fund by about 5% to $16.49 a share in the three months ended March 31.
Blue Owl Capital Inc.'s private credit funds bought back $85 million of shares amid market volatility. The firm's $14.1 billion technology-focused business development fund was valued at $16.49 per share, a 5% decrease, for the three months ending March 31. The $15.3 billion Blue Owl Capital Corporation fell almost 3% to $14.41 a share. The value decrease was attributed to volatility in technology markets and a selloff in publicly traded loans. The funds' share buyback and value adjustments reflect the impact of market fluctuations on their assets.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.