Blue Owl Surges as Growth Eases Private Credit ‘Doomsday’ Fears

Blue Owl Capital Inc. shares surged after it reported fee-related earnings that beat estimates, providing a reprieve from a bruising year marked by record redemption requests in some of its funds.

Time and again on a conference call with analysts, executives at the New York-based firm said sentiment in private credit is far grimmer than reality. They aren’t seeing any material negative developments from AI risk; their real assets business is gearing up for boom times; and blockbuster investments like SpaceX are generating massive returns that can offset any period of outflows.