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Highlights
Blue Owl Capital Inc.'s business development companies have faced increasing withdrawal requests from investors, fueled by concerns about its exposure to software companies amid the rapid rise of artificial intelligence.
The firm has decided to start returning investors' cash, with plans to return 30% of their capital at book value in the next 45 days, after abandoning an earlier plan to reopen withdrawals later this quarter.
The developments underscore the risks facing retail investors as they move into the private credit market, with Democratic Senator Elizabeth Warren calling for increased regulation and data disclosure from private credit funds.