Investment fund questions valuations in Blue Owl’s private credit portfolio
Glendon Capital Management says debts are marked higher than similar publicly traded securities
Glendon Capital Management says debts are marked higher than similar publicly traded securities

Asset manager blocks redemptions from one of its first private debt vehicles targeting wealthy individuals

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

Investment group’s decision sends shivers through industry

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

Growth in headline figure obscures worse than expected $700mn increase in fee-paying assets

Investor redemptions and fears of AI disruption to software companies have prompted worries across the industry