Key Takeaways
- • Blue Owl Capital is preparing to launch its debut credit secondaries strategy, a fund that would buy existing private credit positions from other investors, according to Bloomberg.
- • The firm is in early-stage discussions with prospective investors, per a person familiar with the matter; no fund size, target or terms were disclosed.
- • A Blue Owl spokesperson declined to comment on the report.
Summary
Blue Owl Capital is preparing to launch its first credit secondaries strategy, a vehicle designed to acquire secondhand private credit assets, according to Bloomberg, citing a person familiar with the matter. The report, published May 7, 2026, said the firm is at an early stage of discussions with prospective investors about the fund.
The source did not provide details on the fund's target size, fee structure, investment focus, or expected timeline for a final close. A spokesperson for Blue Owl declined to comment on the plans, so the report rests on a single unnamed source and has not been confirmed by the firm.
The move would extend Blue Owl's presence in private credit into the secondaries market, where existing loan exposures and fund interests are traded between investors. Secondaries have become a growing segment of private markets as allocators seek liquidity and as managers look to rebalance portfolios. Further detail on the strategy is likely to emerge as the fundraising process advances.
The source did not provide details on the fund's target size, fee structure, investment focus, or expected timeline for a final close. A spokesperson for Blue Owl declined to comment on the plans, so the report rests on a single unnamed source and has not been confirmed by the firm.
The move would extend Blue Owl's presence in private credit into the secondaries market, where existing loan exposures and fund interests are traded between investors. Secondaries have become a growing segment of private markets as allocators seek liquidity and as managers look to rebalance portfolios. Further detail on the strategy is likely to emerge as the fundraising process advances.
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