Private credit firms fall after Blue Owl locks withdrawals on private credit retail fund

Shares of private credit firms fall after alternative asset manager Blue Owl Capital OWL.N said it is permanently blocking withdrawals from its private retail debt fund

OWL down 7.8% after the news, while Ares Management ARES.N and Blackstone BX.N fall 6% and 4.8%, respectively

Shares of Apollo Global Management APO.N down 4.8%, KKR KKR.N down 3.5%, Carlyle Group CG.O down 5.1%

Sale comes as software stocks, direct lending come under pressure in recent months

OWL also says it is selling $1.4 bln in assets from three of its credit funds to return capital to investors and pay down debt

Co's credit fund Blue Owl Capital Corp OBDC.N reverses premarket gains and last down 0.6%

Including session moves, OWL stock down 23.1%, following the 35.7% fall in 2025