Blue Owl Capital (NYSE:OWL) said private credit redemption pressures are easing and highlighted growing diversification beyond direct lending, even as fundraising in its credit business slowed to a three-year low and wealthy investor inflows weakened.
The company reported $7.6 billion of new capital raised in the second quarter, down from $12.1 billion in the year-ago period. Credit assets under management edged lower to $158.1 billion from $159.2 billion at the end of March as withdrawals offset fundraising, Reuters reported.
