Blue Owl Capital was once the hottest name in private credit, In April 2026, disclosed that it received notice that investors were seeking to withdraw 41 percent of the money out of a $6 billion fund, and 22 percent from another $36 billion fund. Blue Owl said it would only immediately fulfill a fraction of those requests — 5 percent in each investment vehicle — while the remaining requests would take years to pay out. Blue Owl’s executives, in letters to backers on Thursday, blamed a litany of external factors for its troubles. ounded by veterans of Wall Street firms like Goldman Sachs, Blue Owl exploded in size over the past decade.