Blue Owl Capital Launches Debut Interval Fund, Focused on Alternative Credit
- OWLCX aims to generate current income and, to a lesser extent, long-term capital appreciation by accessing alternative credit strategies, with a focus on the estimated
$11.2 trillion asset-based finance market.1, 2
Blue Owl secured
OWLCX pursues its investment objective through a flexible mandate that allocates across credit assets backed by contractual cash flows from financial and hard assets. The strategy mitigates risk via diversified pools of amortizing assets and reduces correlation to traditional credit investments by targeting differentiated private credit asset types. OWLCX is structured as a registered interval fund, offering daily purchases, and intends to provide monthly distributions and quarterly liquidity via repurchase offers.
OWLCX is managed by
Learn more at OWLCX.com.
About Blue Owl
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®.
With over
Together with approximately 1,300 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.
Endnotes
- OWLCX is the Class I ticker for the
Blue Owl Alternative Credit Fund . - Source: Asset-based finance market and dedicated fund AUM reflects market and fund sizing developed by Blue Owl, based on assumptions derived by third-party sources, including With Intelligence, Private Debt Investor, Preqin, NAIC, Morgan Stanley Into the Great Unknown
November 19, 2023 ,Private Equity International : Sizing the NAV finance marketDecember 1, 2023 , MSI research Q4 2023, fund manager web data. assumptions of the underlying include estimated growth rates and product trends derived from the cited industry sources. Actual outcomes may vary materially. - Source: Robert A. Stanger & Company, Inc.
Forward Looking Statements
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "would," "should," "future," "propose," "target," "goal," "objective," "outlook" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor provisions available under applicable securities laws and speak only as of the date made. Blue Owl assumes no obligation to update or revise any such forward-looking statements except as required by law.
These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blue Owl's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.
Important factors, among others, that may affect actual results or outcomes include the inability to recognize the anticipated benefits of strategic acquisitions; costs related to acquisitions; the inability to maintain the listing of Blue Owl's shares on the
Disclaimer
This press release must be read in conjunction with the Fund's prospectus in order to fully understand all the implications and risks of an investment in the Fund. This press release is neither an offer to sell nor a solicitation of an offer to buy securities. Investors should consider the Fund's investment objectives, risks, charges and expenses carefully before investing in securities of the Fund. The Fund's prospectus contains this and other important information about the Fund. Investors should read the Fund's prospectus and
Past performance is not indicative of, or a guarantee of, future performance. Nothing herein shall be relied upon as a representation as to the future performance or portfolio holdings of the Fund. Investment return and principal value of an investment will fluctuate, and shares, when sold, may be worth more or less than their original cost.
From time to time, the Fund may have a registration statement relating to one or more of its securities on file with the
The "Risk Factors" and "Potential Conflicts of Interest" sections of the Prospectus set forth the principal risks of investing in the Fund. An investment in the Fund involves a high degree of risk.
There is not expected to be any secondary trading market in the shares. Unlike an investor in many closed-end funds, shareholders should not expect to be able to sell their shares regardless of how the Fund performs. An investment in the Fund is considered illiquid. Unlike many closed-end funds, the shares are not listed on any securities exchange. The Fund intends to provide liquidity through quarterly offers to repurchase a limited amount of the Fund's shares.
Investor Contact
Head of Investor Relations
blueowlir@blueowl.com
Media Contact
Principal,
Nick.Theccanat@blueowl.com
View original content:https://www.prnewswire.com/news-releases/blue-owl-capital-launches-debut-interval-fund-focused-on-alternative-credit-302558891.html
SOURCE