Blue Owl halts redemptions, triggering a chain reaction: private credit fund fundraising drops 40% in January
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Blue Owl's permanent suspension of redemptions for its non-traded funds is shaking the confidence of wealthy investors in the entire private credit asset class and triggering an industry-wide liquidity crisis.
According to investment bank RA Stanger, in January this year, new subscriptions for non-traded business development companies (BDCs)