Blue Owl Capital announced the final close of the private offering of an alternative credit fund, securing $850 million in capital commitments from a diverse client base across its global private wealth channel.
The fund aims to generate current income and, to a lesser extent, capital appreciation through investments in alternative credit strategies, focusing on asset-based finance, such as financing solutions backed by financial or tangible assets.
This milestone represents a significant achievement for Blue Owl’s Private Wealth platform, underscoring the firm’s ability to offer exclusive access to a substantial alternative credit market that addresses the growing demand for institutional-grade private credit solutions among individual investors.
KEY QUOTES:
“This fundraise reflects both the strength of Blue Owl’s global private wealth platform and investor confidence in our firm’s approach to credit solutions. It is a testament to our team’s expertise, disciplined execution, and long-standing client relationships. Over the past few years, we have seen tremendous growth in our private wealth business, driven by deepening relationships with advisors and expanding access to our credit strategies across the Americas, EMEA and APAC. We are proud to deliver solutions that resonate with advisors and clients worldwide, and we see this as a powerful validation of our alternative credit strategy.”
Madeleine Sinclair, Head of Private Wealth, Americas at Blue Owl
“The Fund marks the evolution in the next generation of private credit, asset-based finance. Asset-based financing presents a differentiated approach to corporate credit by anchoring investments to tangible collateral or stream of cash flow. Taken together, these characteristics may contribute to a return profile that generates consistent income and is less correlated to both traditional corporate direct lending and broader public markets. For private wealth investors, this may have the potential to complement portfolios by offering stability, income, and diversification in a single strategy.”
Ivan Zinn, Head of Alternative Credit at Blue Owl
