Blue Owl private credit fund will be "very cautious" on software assets, president says

Blue Owl Capital
Owl Rock Capital Corporation

Blue Owl Capital

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Owl Rock Capital Corporation

OBDC

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NEW YORK, May 7 (Reuters) - Blue Owl's OWL.N publicly traded private credit fund Blue Owl Capital Corporation OBDC.N will continue to be "very cautious" around software assets, the fund's president said on Thursday.

Craig Packer said the fund's exposure to software had fallen to 16% from 19% in the first quarter "naturally, due to some repayments".

"We're going to continue to be, I think, very cautious in software, and as we get repayments probably look to continue to take that down," Packer added.


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