Blue Owl is "working down" its exposure to software, CFO says
NEW YORK, April 30 (Reuters) - Blue Owl OWL.N is "working down" its exposure to software, a senior executive said on Thursday. Private equity and credit firms have faced scrutiny over their exposure to software companies as concerns intensify about those companies' business models being disrupted by artificial intelligence. "It's safe to say as of today we are working down our exposure to software given the level of uncertainty," the executive told analysts on a conference call. (Reporting by Isla Binnie and Manya Saini) ((isla.binnie@thomsonreuters.com))
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