Shares of KKR, Apollo, Ares, Blackstone and others fell 2.5‑4% after Blue Owl Capital announced redemption limits on two private credit funds.
Blue Owl Credit Income Corp. faced redemption requests equal to 21.9% of its outstanding shares in the quarter.
Owl Technology Income Corp. received tender requests covering 40.7% of its outstanding shares, prompting sector‑wide concerns.
Blue Owl Capital’s own shares dropped about 6.4% amid the redemption limit announcement, reflecting investor anxiety.