Blue Owl Just Took A 100% Loss, Signaling A Lot More Stress Ahead

Blue Owl recently wrote down a private loan from full value to zero, signaling severe stress in the credit cycle.

Source: DepositPhotos

One hundred to Zero. That’s Blue Owl writing down a private loan from full value to something resembling nothing—in a matter of months. That is not supposed to happen. Together with a global migration of debt searching, these show a credit cycle that keeps going deeper in reverse.

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