Key Takeaways
- • Brown University's $8 billion endowment cut its position in Blue Owl Capital Corp, one of Blue Owl's publicly traded business development companies, by more than half in the last quarter, according to a regulatory filing reported by Bloomberg.
- • Brown reduced its holding in Blue Owl Capital Corp by 1.7 million shares, from to 1.52 million shares remaining.
- • Brown still holds 2.57 million shares of Blue Owl Capital Inc., the parent company, unchanged from the end of 2025, per its 13F filing.
- • The reduction comes as retail investors also scale back exposure to the roughly $1.8 trillion private credit market.
Summary
Brown University's $8 billion endowment cut its position in a Blue Owl Capital Corp fund by more than half last quarter, according to a regulatory filing reported by Bloomberg on Friday. The endowment reduced its stake in Blue Owl Capital Corp, one of the firm's publicly traded business development companies, by 1.7 million shares, leaving it with 1.52 million shares.
The filing, a 13F report detailing US equity holdings, also shows Brown continues to hold 2.57 million shares of the parent company, Blue Owl Capital Inc. That parent stake is unchanged from the end of 2025.
Bloomberg framed the move as part of a broader pullback from the private credit sector, noting that retail investors are also scaling back exposure to the market, which it valued at about $1.8 trillion. Reuters separately reported that Brown cut its stake in the Blue Owl private credit fund by over 50%.
The filing provides a snapshot of one institutional allocator's position and does not disclose the reasons behind the reduction.
The filing, a 13F report detailing US equity holdings, also shows Brown continues to hold 2.57 million shares of the parent company, Blue Owl Capital Inc. That parent stake is unchanged from the end of 2025.
Bloomberg framed the move as part of a broader pullback from the private credit sector, noting that retail investors are also scaling back exposure to the market, which it valued at about $1.8 trillion. Reuters separately reported that Brown cut its stake in the Blue Owl private credit fund by over 50%.
The filing provides a snapshot of one institutional allocator's position and does not disclose the reasons behind the reduction.
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