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Regulation

Blue Owl gates retail private credit fund amid redemption pressure

Thursday, February 19, 2026 · first reported by Alternative Credit Investor

Blue Owl Capital has gated redemptions on its retail private credit fund (OBDC II) amid persistent redemption pressure since 2025, selling $1.4bn of direct lending investments to shore up liquidity. This represents a significant operational and reputational event for the alternatives manager.

Asset class
Credit

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