Blue Owl Capital has launched the Blue Owl Alternative Credit Fund, known as OWLCX, its first interval fund designed to give individual investors access to alternative credit assets that have traditionally been available only to institutional investors. The fund secured $850 million of capital from a diverse global client base, making it one of the largest interval fund launches to date.
OWLCX operates under a flexible mandate, allocating across credit assets backed by contractual cash flows from both financial and hard assets. The strategy is designed to mitigate risk by investing in diversified pools of amortizing assets and to reduce correlation with traditional credit markets by targeting differentiated private credit asset types. Structured as a registered interval fund, OWLCX offers daily purchases, intends to provide monthly distributions, and allows quarterly liquidity through repurchase offers.
The fund is managed by Blue Owl Alternative Credit Advisors II LLC, a team of more than 65 professionals with extensive experience, long-standing industry relationships, and strong sourcing capabilities. The team also incorporates a dedicated data science function, leveraging decades of counterparty data and tens of millions of data points to enhance decision-making. Blue Owl’s Alternative Credit strategy has a nearly 20-year track record, having deployed over $24 billion across approximately 950 investments, with nearly three-quarters of that capital invested in repeat relationships. The launch of OWLCX represents a significant step in expanding access to alternative credit for individual investors.
KEY QUOTES:
“With this launch, we’re opening the door for individual investors to access a market traditionally dominated by institutions—one that offers strong income potential backed by diversified pools of asset collateral. OWLCX reflects Blue Owl’s commitment to continue democratizing alternative assets in a way that we believe aligns with the evolving demands of today’s private wealth investors, offering institutional-grade solutions with the accessibility and transparency they expect.”
Sean Connor, President & CEO of Global Private Wealth at Blue Owl
“We think asset-based finance represents the next opportunity for investors in private credit. OWLCX is built to support individual investors seeking differentiated exposure and resilient performance across market cycles.”
Ivan Zinn, Head of Alternative Credit at Blue Owl
