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Blue Owl redemption shock in private credit

April 3, 2026The Kobeissi Letter, George Noble

George Noble calls Blue Owl’s reported redemption requests a major warning sign, citing billions demanded back in a single quarter as evidence of stress in private credit liquidity.

BREAKING: Private credit giant Blue Owl Capital was struck with a "mammoth" $5.4 billion increase in redemption requests in Q1 2026, per FT.
Withdrawal requests at Blue Owl's tech-lending fund have surged to 40.7% per cent of the fund’s $3B value
This is one of the most shameless displays of financial gaslighting I've seen in 45 YEARS.
investors demanded 41% of their money back from one fund and 22% from another.
$5.4 BILLION in total redemption requests in a single quarter.
The Kobeissi Letter
George Noble
private-creditliquidityrisk

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