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Brief: Blue Owl Credit Income Receives Withdrawal Requests Estimated At 21.9% Of The Fund's Shares In Q1

By Isla Binnie

NEW YORK, April 2 (Reuters) - Blue Owl OWL.N will limit the amount investors can withdraw from two retail-focused funds after receiving a surge in requests to do so, the private credit firm said on Thursday.

Investors asked to withdraw 40.7% of the shares in technology-focused Blue Owl Technology Income Corp (OTIC), and 21.9% of shares in larger fund Blue Owl Credit Income Corp (OCIC), the funds said in two shareholder updates based on preliminary figures.

Blue Owl said it would limit payouts to 5% of the shares in the funds. This has been the standard amount funds like these, which are structured as business development companies, offer to buy back from shareholders every three months, but Blue Owl opted last quarter to allow holders of 15.4% of its shares to redeem.

 (Reporting by Isla Binnie, Editing by Louise Heavens)

 ((isla.binnie@thomsonreuters.com))

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