Pimco makes a big move to take over Blue Owl's dollar bonds, claiming private credit is "not a systemic risk"!
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The private credit industry is facing multiple pressures, but the entry of leading institutions is sending signals of confidence.
According to Bloomberg, Pacific Investment Management Company (Pimco) bought the entire $400 million bond issuance of the Blue Owl Capital (OBDC) private credit fund under Blue Cat Capital this Monday. Meanwhile,