OWL directional thesis
Owl's shares slide as the manager caps withdrawals on flagship funds that drew redemption requests of 22% and 41%, exposing the liquidity illusion at the core of its non-traded credit machine.
“Blue Owl capped private credit fund redemptions at 5% after steep request levels. This was the other news. News. Oh, from this morning, I think they got something like, uh, 21, uh, redemption requests outstanding during the first quarter, so they had to cap it at 5%.”61:01claim_id
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