Blue Owl Cancels Merger Amid Market Volatility

Blue Owl Capital, a significant private lender, has called off a planned merger of two debt funds due to market volatility. The merger, which would have combined a smaller private fund with a larger public fund, was met with public concern and a potential twenty percent loss for private fund investors. The company is now focusing on expanding into retail investor, wealth management, and retirement account channels, despite a challenging year and JPMorgan Chase CEO Jamie Dimons concerns about private lenders underwriting standards.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.