00:00It's Benzinga bringing Wall Street to Main Street
00:02Blue Owl capital shares remained under pressure as investors continued seeking redemptions
00:06from two of the private credit firm's major funds, according to Benzinga.
00:10Investors in Blue Owl Technology Income Corporation requested to redeem 39 percent of their shares
00:15in the third quarter, while Blue Owl Credit Income Corporation received requests covering
00:20about 16.8 percent.
00:22The company capped redemptions from both funds at 5 percent.
00:25Blue Owl has faced pressure from its billions of dollars in AI-related lending, including
00:30its exposure to Oracle's troubled Project Jupiter in New Mexico.
00:34The company is now increasing its focus on real assets, which account for about 30 percent
00:38of its assets.
00:39Blue Owl said assets under management in the business increased 25 percent year-over-year.
00:44For all things money, visit Benzinga.com.
