03/14/2026
You may have recently seen headlines regarding a Blue Owl private credit fund selling a portion of its assets. We want to proactively share some context and, most importantly, explain why this does not impact Raymond James client portfolios.
What's happening?
On February 18, 2026, a Blue Owl fund called OBDC II announced a planned sale of a portion of its loan portfolio. This transaction was part of a broader, pre planned liquidity event and involved several Blue Owl vehicles that are not offered on the Raymond James platform.
The assets were sold at nearly full value to large institutional investors, such as pension funds and insurance companies. This indicates strong demand and confidence in the underlying investments. The goal of the transaction was to return capital to investors in that specific fund and reduce leverage—not because of financial stress.
Why are there negative headlines?
Private credit has received increased media attention recently, and headlines can sometimes amplify concerns even when fundamentals remain intact. Similar situations in the past have led to short term negative sentiment and increased redemption requests across the industry, which can generate additional press coverage. While this can feel unsettling, it does not necessarily reflect underlying credit quality.
What does this mean for you?
• Raymond James clients do not have exposure to the specific Blue Owl funds involved in this transaction.
• The Blue Owl fund available on the Raymond James platform remains fundamentally sound, based on our internal research and independent analyst coverage.
• This was a planned liquidity event, not a distressed or forced sale.
We continue to closely monitor market developments and will reach out if anything changes. As always, please contact us if you'd like to discuss this or review how your portfolio is positioned.
