Blue Owl Faces Private-Credit Liquidity Pressure

Blue Owl (OWL) faces mounting private-credit and liquidity stress into Q1–Q2 2026 after redemptions, gating and asset sales, the analysis shows. The firm manages about $307 billion AUM, trades near $10.20–$10.30 (52-week low $10.08) with an 8.7–9.0% dividend yield while adjusted free-cash-flow yield falls toward 3% after $673M stock-based compensation. Persistent redemptions and concentrated AI/data-center exposure could compress NAVs and stall fee growth.