Blue Owl BDC Hits Multi-Year Low on Sector’s Tech Exposure Fears

Shares of business development companies fell on Monday, as concerns over the group’s widespread exposure to software sparked a renewed sell off.

Blue Owl Capital Corp.’s stock ended the day down more than 4%, at the lowest level since October 2022. Ares Capital Corp. pared some earlier losses to close down 1.9%, while Sixth Street Specialty Lending Inc. and Trinity Capital Inc. had both fallen by almost 3% at the close, also clawing back some prior losses.