Shares of Blue Owl Capital (OWL) are shifting decrease after Blue Owl Credit score Revenue Corp. disclosed a letter despatched to its shareholders saying redemptions in two of its personal credit score funds will probably be restricted. Blue Owl stated it is going to cap redemptions in its private-credit and technology-focused funds at 5% after receiving withdrawal requests totalling 21.9% within the former and 40.7% within the latter fund. Shares of Blue Owl Capital are down 7%, or 59c, to $8.13 in morning buying and selling. Different different asset administration shares, together with Ares Administration (ARES), KKR (KKR), Apollo World (APO) and Blackstone (BX), are additionally shifting decrease.
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