Blue Owl private credit fund merger leaves some investors facing 20% hit
Asset manager blocks redemptions from one of its first private debt vehicles targeting wealthy individuals
Asset manager blocks redemptions from one of its first private debt vehicles targeting wealthy individuals

Fund it operates took in fraction of capital from year-ago level as worries mount over potential surge in loan defaults

Fears mount that outflows may soon overwhelm inflows to some of largest players

Investment group’s decision sends shivers through industry

Insider purchases intended to support stock in wake of abandoned merger

Glendon Capital Management says debts are marked higher than similar publicly traded securities

Troubles at New York-based asset manager are making investors nervous about the wider industry