What investors are saying about Blue Owl Capital (OWL)

Summary

In the past 30 days, 2 people on 2 investor and market shows discussed Blue Owl Capital (OWL) in 3 views. Going by each speaker's latest call, 1 is bearish. Chorus has followed Blue Owl Capital since October 1, 2026: 5 views from 4 people on 3 shows.

Who talks about it most

• Laks Ganapathi · 2
• Jan van Eck · 1
• Jeff Snider · 1
• Ed Zitron · 1

The latest views

Newest first. Every quote is checked against the episode's transcript.

• Laks Ganapathi · Unicus ResearchBearish

  Blue Owl's OBDC markdowns concentrate in education, consumer and healthcare, not software.

  Her team's loan-book work on OBDC as of March 31 found that software was not the main source of markdowns. Healthcare providers and services, consumer goods, HR support services, joint ventures, education and household products made up most of the top exposures. Internet software and services ranked only tenth in net unrealized depreciation. Education was marked down by about 52% of cost and consumer products by about 20%, while software was not even in the top nine. She argues that most private credit funds have losses across the board and that the 'AI disrupting software' story does not match the book. She adds that Blue Owl is the weaker link in the sector, and that other managers are probably doing worse, though she offers no data for them.

  “But majority of the book and the loans that they have taken in OBDC are not even software or not even AI.”at 36:43

  Monetary Matters: Following the Private Credit Loan Books | Laks Ganapathi · November 8, 2026

• Laks Ganapathi · Unicus ResearchBearish

  OBDC's biggest markdowns sit in healthcare, education and consumer, so its software exposure may be mislabelled.

  Laks is reviewing OBDC's loan book. The top markdowns are not in software-tagged sectors, but in healthcare, education and consumer borrowers. She suspects healthcare or education borrowers may actually be software businesses that are classified differently. Her team is hiring engineers to check these companies line by line, to see whether they are really healthcare or healthcare software. She says the default figures reported may therefore understate the real problem.

  “I'm looking at the loan book for OBDC, and I'm like, since top nine is not software... are they identifying the health care sector in some way as software?”at 38:10

  Monetary Matters: Following the Private Credit Loan Books | Laks Ganapathi · November 8, 2026

• Jan van Eck · VanEckUncertain

  Blue Owl gave back its Q2 rally as rising yields squeezed it; dividend still healthy, so holding.

  Jan bought private credit manager equities in Q2 and Blue Owl rose about 30%, from roughly $9 to over $12. He says bond yields squeezed it and it gave back all of that gain. He did not anticipate the rise in the 10-year, and Blue Owl saw more redemption requests on one of its biggest funds. He is not selling his personal position and says the equity still pays a healthy dividend, so holders get paid to wait.

  “But again, squeezed by bonds, I would argue. They gave back all of that value.”at 45:22

  Thoughtful Money: The Big Squeeze: High Bond Yields Now Becoming A Problem For Stocks | Jan van Eck · October 21, 2026

• Jeff Snider · Atlas FinancialBearish

  Blue Owl's redemption pressure and capped withdrawals contradict its claim that loans are resilient; stock prices show distrust.

  Blue Owl Technology Income Corp had investors request to withdraw 39% of the fund's shares in the third quarter, and withdrawals have had to be capped. Blue Owl says the requests partly reflect investors rejoining the queue and that credit fundamentals are fine. Snider argues that repeated redemption requests and gated withdrawals make that denial unconvincing. He points to the sharp fall in Blue Owl's BDC share price as evidence that the market no longer trusts the company's account of its loans.

  “But when investors repeatedly ask for their money back and withdrawals have to be capped, that denial just doesn't work. Just look at the stock prices of some of these publicly traded credit funds. No one believes the industry spin any longer.”at 0:35

  Eurodollar University: Private Credit Investors Want Their Money Back… And It’s Getting Worse · October 5, 2026

• Ed Zitron · EZPRBearish

  Blue Owl's private credit lending to data centers is poorly collateralized and at risk of not being repaid.

  Ed says Blue Owl is in pretty much every Oracle Stargate data center and in multiple CoreWeave projects. He expects most private credit debt tied to these projects will not be repaid if the data centers are delayed or fail. He argues private credit is not collateralized well enough to withstand that, and singles out Blue Owl. He also cites a report that Blue Owl took fifteen minutes to decide to invest in Stargate Abilene, which he takes as evidence that lenders have not thought hard about the risk.

  “In fact, I think most of the private credit debt doesn't get paid here. And I don't think private credit is collateralized well enough to weather that, especially not BlueOwl.”at 1:03:21

  Monetary Matters: Ed Zitron on Anthropic's IPO (S-1), AI Debt, and Counterparty Risk · October 1, 2026