Private credit firms fall after Blue Owl locks withdrawals on private credit retail fund

Blue Owl Capital

19/02/2026 15:25

Updates to after markets open

** Shares of private credit firms fall after alternative asset manager Blue Owl Capital OWL.N said it is permanently blocking withdrawals from its private retail debt fund

** OWL down 7.8% after the news, while Ares Management ARES.N and Blackstone BX.N fall 6% and 4.8%, respectively

** Shares of Apollo Global Management APO.N down 4.8%, KKR KKR.N down 3.5%, Carlyle Group CG.O down 5.1%

** Sale comes as software stocks, direct lending come under pressure in recent months

** OWL also says it is selling $1.4 bln in assets from three of its credit funds to return capital to investors and pay down debt

** Co's credit fund Blue Owl Capital Corp OBDC.N reverses premarket gains and last down 0.6%

** Including session moves, OWL stock down 23.1%, following the 35.7% fall in 2025

 (Reporting by Pragyan Kalita and Tharuniyaa Lakshmi in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com;))