Blue Owl Capital Inc. (NYSE: OWL), an alternative asset manager, announced the final close of the private offering of an alternative credit fund , securing $850 million in capital commitments from “a diverse client base across its global private wealth channel.”
The Fund seeks to provide “current income, and to a lesser extent, capital appreciation through investments in alternative credit strategies with a focus on asset-based finance, such as financing solutions based on financial or hard asset collateral.”
This milestone reportedly marks a significant achievement for Blue Owl’s Private Wealth platform, underscoring the firm’s ability “to deliver differentiated access to a large and underpenetrated Alternative Credit market that meets the growing demand for institutional-grade private credit solutions among individual investors.”
Ivan Zinn, Head of Alternative Credit at Blue Owl said:
“Asset-based financing presents a differentiated approach to corporate credit by anchoring investments to tangible collateral or stream of cash flow. Taken together, these characteristics may contribute to a return profile that generates consistent income and is less correlated to both traditional corporate direct lending and broader public markets.”
As noted in the update, Blue Owl (NYSE: OWL) is an asset manager that is focused on redefining alternatives.
With over $273 billion in assets under management as of March 31, 2025, they invest “across three multi-strategy platforms: Credit, Real Assets, and GP Strategic Capital.”
Anchored by a permanent capital base, they provide businesses with private capital solutions to “drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.”
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