On July 2, Blue Owl Capital rose 6.66% in regular trading, trading at $9.3638/share, with turnover of $36.78 million. The rally was triggered by news that redemption requests at the company's two private credit funds declined on a quarter-over-quarter basis.

Specifically, Blue Owl Credit Income (OCIC) received redemption requests amounting to 18.8% of shares, or $3.6 billion, while Blue Owl Technology Income received requests totaling 38.1%, or $1.1 billion. However, the company stated it has satisfied over 43% of original demand from shareholders with repeat withdrawal requests, and OCIC does not need to sell any private loans to meet the tender offer. Both funds will fulfill 5% tender offers on a pro-rata basis. Blue Owl Technology Income further disclosed $1.3 billion in liquidity and a net leverage ratio of just 0.78x as of May 31, underscoring financial stability.

The marginal easing of redemption pressure and ample liquidity buffers alleviated market concerns over private credit fund liquidity risk that had weighed on the stock in recent weeks.

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