The exodus from private credit's most battered funds is spreading beyond retail investors

Mădălin Mihai

In March, a representative of Blue Owl , the embattled private-credit fund manager, dialed into a meeting with local officials in Columbia, Missouri. The city's police and firefighters' retirement fund held a stake in one of the firm's investment funds, Blue Owl Technology Income, representing around 1.5% of its portfolio. After a wave of negative attention tied to requests from investors to withdraw their money, the representative sought to inject calm. "There are no forced asset sales, no