Public markets saw it coming: Blue Owl Capital down 61% in a year

Share price of Blue Owl Capital Inc ($OWL), USD, April 2025 – April 2026

Blue Owl Capital is the listed asset manager behind two of the most stressed non-traded BDCs: OCIC ($20bn direct lending fund) and OTIC ($3bn tech lending fund). The stock peaked above $21 in July 2025 — before redemption requests began accelerating. The sharp leg down from January 2026 coincides with Q4 2025 earnings season, when peers began disclosing record redemption volumes and NAV writedowns.
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