Blue Owl Capital has implemented severe measures, halting redemptions and liquidating over $1 billion in loans to navigate a liquidity crisis triggered by a wave of retail investor withdrawals. Their shares have plummeted more than 45% over the past year, prompting the firm to limit distributions to 30% as part of efforts to stabilize its financial footing. Plans are underway to merge Blue Owl Capital II with Blue Owl Capital Corp to offer controlled exit options for investors, alongside a fixed annual dividend of $0.92 for 2026 to increase investor confidence.

“And about a week ago, there was this moment when the retail backers of Blue Owl got wind that they'd invested in a lot of these SaaS companies. And because of the SaaS-pocalypse, there was a sudden move to withdraw funds and it was kind of a run on the bank.”