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Blue Owl Capital (OWL) Surpasses $300B AUM With $0.24 Q4 2025 EPS
Explainer: Why the $2 Trillion Private Credit Market Is Mired in a Trust Crisis
① Following the exposure of multiple private credit fraud incidents, trust in the global private credit market, which is approximately US$2 trillion in size, has rapidly deteriorated. Several funds have faced concentrated redemptions, and some institutions have begun restricting investor exits; ② Due to the poor liquidity and limited transparency of such assets, should the wave of redemptions continue to expand, institutions may be forced to sell assets at a discount, amplifying market volatility.
U.S. stock movements: Blue Owl Capital fell more than 1% pre-market, and NatWest dropped over 3%. Reports indicate that both companies have exposure to the collapsed real estate lending institution.
Gelonghui, March 9 | Blue Owl Capital (OWL.US), which closed down 5.09% last Friday (March 6), continued to decline by 1.42% in pre-market trading on the US stock market today, trading at $9.75. NatWest (NWG.US), which fell 1.4% last Friday, also continued to drop by 3.22% in pre-market trading today, trading at $15.02. On the news front, Century Capital Partners, a London-based real estate lending institution, entered bankruptcy administration in February this year. According to media reports citing insiders, Blue Owl...
A sense of déjà vu from 2008? The spillover from the private credit crisis may make the insurance industry the first 'domino' to fall!
The crisis in the private credit market is breaching boundaries and spreading to the broader financial system, while the insurance industry – a trillion-dollar sector deeply intertwined with private credit – may become the first "domino" to fall in this storm. This week, BlackRock officially announced the imposition of redemption restrictions (gating) on its HPS Corporate Loan Fund, which has a scale of $26 billion, marking the most emblematic event in this round of the private credit crisis. Prior to this, Blue Owl and Blackstone had successively taken emergency measures to avoid triggering redemption thresholds.
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