Blue Owl news
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The gist
Blue Owl Capital fell as rising yields and private-credit worries weighed on the sector.
The firm plans a data center REIT IPO while slashing a loan mark to.
Background
Blue Owl Capital, an alternative asset manager, has been in the news due to a mix of pressures and strategic moves. Its stock has declined nearly 21% this year, reflecting broader concerns about private credit and rising yields. The firm is reportedly planning to create a publicly traded data center REIT, seeding it with about $6.5 billion of its own assets, following a trend of investors capitalizing on AI-driven data center demand. At the same time, its retail private credit fund has slashed the value of a loan to Loparex to near zero amid bankruptcy risk, highlighting credit quality issues in the sector.
How it unfolded
- Aug 31, 2026Blue Owl announced it would present at the Barclays 24th Annual Global Financial Services Conference.
- Sep 1, 2026Blue Owl Capital's stock fell as rising yields and private-credit worries weighed on the sector.
- Sep 3, 2026Blue Owl opened a window for a BDC tender offer, according to a private debt investor note.
- Sep 4, 2026Bloomberg reported Blue Owl plans to create a data center REIT and take it public, seeding it with approximately $6.5 billion of its own data center assets.
- Sep 5, 2026Blue Owl's OBDC slashed Loparex loan marks to pennies as default worries piled up, with the loan valued near zero amid bankruptcy risk.
Who’s saying what
- Analysts
- Bloomberg Intelligence analysts noted annual global data center capital expenditure could increase to over $1.2 trillion by 2028 from $421 billion last year, supporting the REIT move.
- Market
- Shares of Blue Owl climbed as much as 1.2% following the data center REIT report, but they have declined nearly 21% this year, reflecting sector worries.
Still unverified
The data center REIT plan is based on anonymous sources reported by Bloomberg; Blue Owl declined to comment. The exact details of the REIT structure and timing are unconfirmed.