Glendon Capital Management Raises Concerns Over Blue Owl's Valuations

Glendon Capital Management has raised alarms regarding the valuations of Blue Owl's private credit portfolio, suggesting they may be inflated compared to public securities.

The concerns come at a time when Blue Owl's retail fundraising has seen a significant decrease, raising questions about investor confidence.

Additionally, there are apprehensions about a potential increase in loan defaults, which could further impact the stability of Blue Owl's financial standing.

Updates

Update at 17:20 UTC on 2026-05-12

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

Sources: Financial Times