Blue Owl Capital shares rose about 2% on Friday after co‑CEOs revised personal loan terms by removing pledged shares as collateral.
Doug Ostrover and Marc Lipschultz each had pledged over 130 million shares, roughly two‑thirds of their stakes, per a February filing.
The filing did not disclose loan drawdowns; an updated filing reflecting the change could appear as early as Friday.
Blue Owl’s stock, trading just under $10, has fallen nearly 40% year‑to‑date amid private‑credit concerns.