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There is no shortage of BDC bear arguments. Yet, as a BDC bull, I have to say that, arguably, the most critical risk remains overlooked. In the article I discuss this risk in detail (it might make you bearish).

The concerns about private credit largely center around non-banks making direct loans. One reason the sector has come under scrutiny is that it lends heavily to the beaten-down software sector.

SAN DIEGO, March 26, 2026 /PRNewswire/ -- The Shareholders Foundation, Inc. announces that a lawsuit is currently pending for certain investors in Blue Owl Capital Inc. (NYSE: OWL) shares. Investors who purchased shares of Blue Owl Capital Inc. (NYSE: OWL) prior to February 2025, and continue to hold any of those NYSE: OWL shares have also certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

A wave of investor withdrawals and concerns over deteriorating loan quality are forcing asset managers to cap redemptions in their private credit funds. But strategists say a rise in defaults could help flush out bad loans, bringing a painful but ultimately healthy reset for the sector.

Blue Owl Capital trades at a significant 24% discount to its $14.81 net asset value, despite insiders maintaining high conviction during the recent correction. A landmark $1.4 billion asset sale to public pension funds at 99.7% of par value confirms the high quality and liquidity of OBDC's underlying portfolio. Management is aggressively executing the largest share repurchase program in company history, buying back stock at accretive prices well below the fund's reported book value.

Blue Owl Capital Corporation remains fundamentally strong despite recent sector-wide private credit selloffs and negative market sentiment. OBDC's asset sales at 99.7% of par and active share repurchases signal no meaningful credit impairment and management confidence. The portfolio's floating-rate loans position OBDC to benefit from higher-for-longer interest rates, partially offsetting macroeconomic headwinds.