Blue Owl Founders Pledged $1.9 Billion Stake Before Stock Plunge
bloomberg.com • • business
Key Points:
- Blue Owl Capital Inc.’s stock experienced a record plunge due to concerns about its private credit investments.
- The company now faces additional instability as its founders’ loans pose new risks to the shares.
- Co-CEOs Doug Ostrover and Marc Lipschultz have pledged over half of their Blue Owl stakes as collateral for loans from financial institutions.
- The value of this pledged collateral has decreased by $260 million since the beginning of the year, coinciding with a 16% drop in Blue Owl’s share price.
