BREAKING: Private credit giant Blue Owl Capital was struck with a "mammoth" $5.4 billion increase in redemption requests in Q1 2026, per FT. Details include: 1. Withdrawal requests at Blue Owl's tech-lending fund have surged to 40.7% per cent of the fund’s $3B value 2. Concerns have intensified about the health of the private credit market 3. Requests to exit the the firm’s marquee $20B direct-lending fund surged toto 21.9% of the fund’s value 4. Blue Owl said it has limited withdrawals to 5 per cent at both vehicles Private credit markets are under pressure.(The Kobeissi Letter)