Blue Owl Capital limits withdrawals after investors try to redeem $5.4bn

Private credit investment firm’s move is latest sign of crumbling confidence in unregulated lending marketA major private credit investment firm, Blue Owl Capital, has imposed a cap on withdrawals after investors tried to pull $5.4bn from two key funds, in the latest sign of crumbling confidence in the unregulated lending market.The New York-headquartered firm released filings on Thursday that showed a surge in redemption requests, with investors asking to take back 21.9% of the cash stored in Blue Owl’s $20bn (£15bn) Credit Income Corp fund between January and March. Meanwhile, investors requested 40.7% of funds from its $3bn tech lending fund. Continue reading...