Private Capital Titans Rush to Defend Software Companies as AI Rout Deepens

High finance’s new ultra-rich lined up one by one, in TV spots, earnings calls and LinkedIn posts, to make the same pitch: Don’t take out big AI fears on private credit funds.

Blue Owl Capital Inc. billionaire Marc Lipschultz insisted that there were no “red flags” — or even “yellow flags” — in the firm’s technology loans, speaking on an earnings call Thursday after an unprecedented losing streak for its shares. Scott Nuttall at KKR & Co. similarly told analysts that “our level of anxiety is pretty low.”