Blue Owl’s Big Sale

Blue Owl, a direct lender that specializes in loans to the software industry, just sold $1.4 billion of its loans to institutional investors at 99.7% of par value. That’s right, it’s a whopping sale that’s got everyone talking.

What’s the Big Deal?

It’s not every day you see a sale of this magnitude, especially in the private credit space. Blue Owl’s move is likely to send shockwaves through the industry, and it’s got investors on high alert. The fact that they managed to sell these loans at nearly full value is a pretty big feat, and it says a lot about the state of the market right now.