Blue Owl Capital Launches Debut Interval Fund, Focused on Alternative Credit

Rhea-AI Summary

Blue Owl Capital (NYSE: OWL) has launched Blue Owl Alternative Credit Fund (OWLCX), its first interval fund targeting the $11.2 trillion asset-based finance market. The fund secured a remarkable $850 million in initial capital, making it one of the largest interval fund launches ever.

OWLCX provides individual investors access to alternative credit assets traditionally reserved for institutional investors. The fund offers daily purchases, monthly distributions, and quarterly liquidity through repurchase offers. It is managed by a team of over 65 professionals with a track record of deploying $24 billion across approximately 950 investments, with 75% of capital invested in repeat relationships over nearly 20 years.

Positive

• Secured substantial initial capital of $850 million, indicating strong investor interest
• Targets large $11.2 trillion asset-based finance market opportunity
• Strong track record with $24 billion deployed across 950 investments
• 75% capital invested in repeat relationships, demonstrating successful execution
• Experienced team of over 65 professionals with data science capabilities

Negative

• Quarterly liquidity limitations may restrict investor flexibility
• New product launch carries execution and scaling risks

Insights

Financial Services Analyst

Blue Owl's $850M interval fund launch expands revenue potential by opening institutional-quality alternative credit to individual investors.

Blue Owl Capital's launch of OWLCX represents a strategic expansion into the rapidly growing democratized alternatives space. With an impressive $850 million initial raise—one of the largest ever for an interval fund—this product demonstrates immediate market validation and establishes a significant new revenue stream for the firm.

The interval fund structure is particularly noteworthy as it solves the liquidity paradox that has historically kept individual investors away from alternative credit. By offering daily purchases with quarterly liquidity windows, Blue Owl has engineered a product that balances investor accessibility with the illiquidity premium necessary for alternative credit strategies to outperform.

This launch strategically positions Blue Owl to capture market share in the $11.2 trillion asset-based finance market, which has remained largely institutional until now. The firm's established 20-year track record in alternative credit—having deployed $24 billion across approximately 950 investments—provides credibility that newer entrants cannot match.

The 75% repeat relationship rate mentioned suggests strong origination capabilities and borrower satisfaction, critical differentiators in private credit where deal sourcing and relationship management drive returns. Their data science capabilities, leveraging decades of counterparty data, create a potential competitive advantage in risk assessment and portfolio construction.

For Blue Owl shareholders, this product represents a compelling growth vector, potentially accelerating AUM growth while diversifying the firm's investor base beyond institutional clients.

• OWLCX aims to generate current income and, to a lesser extent, long-term capital appreciation by accessing alternative credit strategies, with a focus on the estimated $11.2 trillion asset-based finance market.^{1, 2}

NEW YORK, Sept. 17, 2025 /PRNewswire/ -- Blue Owl Capital Inc. (NYSE: OWL), a leading alternative asset manager, today announced the launch of Blue Owl Alternative Credit Fund ("OWLCX"), its first interval fund designed to provide individual investors access to a wide range of alternative credit assets that traditionally have been available predominantly to only institutional investors.

Blue Owl secured $850 million of capital from a diverse client base across its global private wealth channel, making OWLCX one of the largest ever interval fund launches.³    

OWLCX pursues its investment objective through a flexible mandate that allocates across credit assets backed by contractual cash flows from financial and hard assets. The strategy mitigates risk via diversified pools of amortizing assets and reduces correlation to traditional credit investments by targeting differentiated private credit asset types. OWLCX is structured as a registered interval fund, offering daily purchases, and intends to provide monthly distributions and quarterly liquidity via repurchase offers.

OWLCX is managed by Blue Owl Alternative Credit Advisors II LLC, which has an experienced investment team consisting of over 65 professionals with deep expertise, long-standing relationships, and differentiated sourcing capabilities. The team also includes a dedicated data science effort that adds analytical capabilities via decades of counterparty data and tens of millions of data points. Blue Owl's Alternative Credit strategy maintains a nearly 20-year track-record of investing through various market cycles. During that time, the strategy deployed over $24 billion of capital across approximately 950 investments with nearly 75 percent of capital invested across repeat relationships.

Sean Connor, President & CEO of Global Private Wealth at Blue Owl said, "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."

Ivan Zinn, Head of Alternative Credit at Blue Owl said, "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."

Learn more at OWLCX.com.

About Blue Owl
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives^®.
With over $284 billion in assets under management as of June 30, 2025, we invest across three multi-strategy platforms: Credit, Real Assets, and GP Strategic Capital. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with approximately 1,300 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

Endnotes

1. OWLCX is the Class I ticker for the Blue Owl Alternative Credit Fund.
2. Source: Asset-based finance market and dedicated fund AUM reflects market and fund sizing developed by Blue Owl, based on assumptions derived by third-party sources, including With Intelligence, Private Debt Investor, Preqin, NAIC, Morgan Stanley Into the Great Unknown November 19, 2023, Private Equity International: Sizing the NAV finance market December 1, 2023, MSI research Q4 2023, fund manager web data. assumptions of the underlying include estimated growth rates and product trends derived from the cited industry sources. Actual outcomes may vary materially.
3. Source: Robert A. Stanger & Company, Inc.

Forward Looking Statements

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "would," "should," "future," "propose," "target," "goal," "objective," "outlook" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor provisions available under applicable securities laws and speak only as of the date made. Blue Owl assumes no obligation to update or revise any such forward-looking statements except as required by law.

These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blue Owl's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, among others, that may affect actual results or outcomes include the inability to recognize the anticipated benefits of strategic acquisitions; costs related to acquisitions; the inability to maintain the listing of Blue Owl's shares on the New York Stock Exchange; Blue Owl's ability to manage growth; Blue Owl's ability to execute its business plan and meet its projections; potential litigation involving Blue Owl; changes in applicable laws or regulations; and the possibility that Blue Owl may be adversely affected by other economic, business, geo-political and competitive factors.

Disclaimer

This press release must be read in conjunction with the Fund's prospectus in order to fully understand all the implications and risks of an investment in the Fund. This press release is neither an offer to sell nor a solicitation of an offer to buy securities. Investors should consider the Fund's investment objectives, risks, charges and expenses carefully before investing in securities of the Fund. The Fund's prospectus contains this and other important information about the Fund. Investors should read the Fund's prospectus and Securities and Exchange Commission ("SEC") filings (which are publicly available on the EDGAR Database on the SEC website at http://www.sec.gov) carefully and consider their investment goals, time horizons and risk tolerance before investing in the Fund. The investment program of the Fund is speculative and entails substantial risk, including the possible loss of principal. There can be no assurance that the Fund's investment objectives will be achieved. An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. Within the United States and Canada, securities are offered through Blue Owl Securities LLC, member of FINRA/SIPC, as Dealer Manager

Past performance is not indicative of, or a guarantee of, future performance. Nothing herein shall be relied upon as a representation as to the future performance or portfolio holdings of the Fund. Investment return and principal value of an investment will fluctuate, and shares, when sold, may be worth more or less than their original cost.

From time to time, the Fund may have a registration statement relating to one or more of its securities on file with the SEC. Any registration statement that has not yet been declared effective by the SEC, and any prospectus relating thereto, is not complete and may be changed. Any securities that are the subject of such a registration statement may not be sold until the registration statement is filed with the SEC is effective. The SEC has not approved or disapproved any such securities or passed upon the adequacy of any prospectus included in such registration statement. Any representation to the contrary is a criminal offense.

The "Risk Factors" and "Potential Conflicts of Interest" sections of the Prospectus set forth the principal risks of investing in the Fund. An investment in the Fund involves a high degree of risk.

There is not expected to be any secondary trading market in the shares. Unlike an investor in many closed-end funds, shareholders should not expect to be able to sell their shares regardless of how the Fund performs. An investment in the Fund is considered illiquid. Unlike many closed-end funds, the shares are not listed on any securities exchange. The Fund intends to provide liquidity through quarterly offers to repurchase a limited amount of the Fund's shares.

Investor Contact
Ann Dai
Head of Investor Relations
blueowlir@blueowl.com

Media Contact
Nick Theccanat
Principal, Corporate Communications & Government Affairs
Nick.Theccanat@blueowl.com

 

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SOURCE Blue Owl Capital

FAQ

What is Blue Owl Capital's OWLCX fund and when was it launched?

OWLCX is Blue Owl Capital's first interval fund launched on September 17, 2025, designed to provide individual investors access to alternative credit assets, securing $850 million in initial capital.

How much initial capital did Blue Owl's OWLCX fund raise?

Blue Owl's OWLCX fund raised $850 million in initial capital from its global private wealth channel, making it one of the largest interval fund launches ever.

What is the investment strategy of Blue Owl's OWLCX fund?

OWLCX invests in credit assets backed by contractual cash flows from financial and hard assets, targeting the $11.2 trillion asset-based finance market with a focus on diversified pools of amortizing assets.

What are the liquidity terms for Blue Owl's OWLCX fund?

OWLCX offers daily purchases, monthly distributions, and quarterly liquidity through repurchase offers.

What is Blue Owl's track record in alternative credit investing?

Blue Owl's Alternative Credit strategy has a nearly 20-year track record, deploying over $24 billion across approximately 950 investments, with 75% of capital invested in repeat relationships.