Blue Owl BDCs Buy Back $85 Million of Shares as Loan Values Sink

Two private credit funds managed by Blue Owl Capital Inc. bought back $85 million of shares as volatility in technology markets and a selloff in publicly traded loans brought down their value.

The firm cut the value of its $14.1 billion technology-focused business development fund by about 5% to $16.49 a share in the three months ended March 31, according to a filing Wednesday. The value of its $15.3 billion Blue Owl Capital Corporation, fell almost 3% to $14.41 a share.