Blue Owl Capital, an alternative asset manager, closed the private offering of an alternative credit fund, securing $850 million in capital commitments from a diverse client base across its global private wealth channel.
The fund seeks to provide current income and, to a lesser extent, capital appreciation through investments in alternative credit strategies with a focus on asset-based finance, such as financing solutions based on financial or hard asset collateral.
“This fundraise reflects both the strength of Blue Owl’s global private wealth platform and investor confidence in our firm’s approach to credit solutions. It is a testament to our team’s expertise, disciplined execution, and long-standing client relationships,” Madeleine Sinclair, head of private wealth, Americas at Blue Owl, said. “Over the past few years, we have seen tremendous growth in our private wealth business, driven by deepening relationships with advisors and expanding access to our credit strategies across the Americas, EMEA and APAC. We are proud to deliver solutions that resonate with advisors and clients worldwide, and we see this as a powerful validation of our alternative credit strategy.”
“The fund marks the evolution in the next generation of private credit, asset-based finance,” Ivan Zinn, head of alternative credit at Blue Owl, said. “Asset-based financing presents a differentiated approach to corporate credit by anchoring investments to tangible collateral or stream of cash flow. Taken together, these characteristics may contribute to a return profile that generates consistent income and is less correlated to both traditional corporate direct lending and broader public markets. For private wealth investors, this may have the potential to complement portfolios by offering stability, income and diversification in a single strategy.”
