Prominent asset management firm Blue Owl Capital sees slowdown in credit business, Q2 fundraising hits a three-year low

July 31st, Blue Owl Capital raised approximately $7.6 billion in overall funding in the second quarter of 2026 (a significant decrease from about $12.1 billion in the same period last year), with the flagship private credit business raising only about $1.8 billion (roughly half of the previous quarter and the lowest quarterly level since 2023). This was mainly due to market turbulence in private credit and a wave of redemptions from high-net-worth individual investors (especially in its non-traded BDC products); the real estate/real assets (including AI data center-related) strategy performed well and contributed the majority of the new fundraising.

The company's AUM still grew to around $319 billion, with profit indicators meeting or slightly exceeding expectations.

Blue Owl Capital Inc. is a leading alternative asset management firm headquartered in New York, focusing on private market capital solutions. As of the end of June 2026, the firm managed approximately $319 billion in assets.