---
title: "Two funds run by Blue Owl are cutting their dividend - and one sold half its SpaceX stake before IPO"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285515031.md"
description: "Two funds managed by Blue Owl Capital are cutting their dividends due to stress in the private credit sector. Blue Owl Capital Corp. will pay a dividend of 31 cents per share, down from 36 cents, while Blue Owl Technology Finance Corp. will pay 40 cents, down from 45 cents. The net asset values of both funds have declined, with Blue Owl Capital trading at 79 cents to the dollar and Blue Owl Technology at 72 cents. Additionally, the tech fund sold half its SpaceX stake for $117 million ahead of a potential IPO."
datetime: "2026-05-07T08:55:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285515031.md)
  - [en](https://longbridge.com/en/news/285515031.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285515031.md)
---

# Two funds run by Blue Owl are cutting their dividend - and one sold half its SpaceX stake before IPO

By Steve Goldstein

Blue Owl tech fund sells half of its stake in SpaceX

Two Blue Owl funds are reducing their dividends.

Two funds that invest in private credit run by Blue Owl Capital said they're cutting dividends in the latest sign of stress to hit the sector.

The $15.3 billion Blue Owl Capital Corp. (OBDC) and the $14.1 billion Blue Owl Technology Finance Corp. (OTF) late Wednesday reduced payouts.

Blue Owl Capital Corp. said it's paying a 31 cents a share dividend for the second quarter, down from 36 cents a share in the first, while Blue Owl Technology Finance Corp.'s combined base and special dividends amount to 40 cents a share, down from 45 cents.

Investors have rushed to the exit from private-credit funds run by Blue Owl and rivals, on concerns over their lending to software companies and other troubled sectors.

Blue Owl Capital Corp.'s net asset value fell to $14.41 per share in the first quarter from $14.81, with the fund now trading at 79 cents to the dollar, while the Blue Owl Technology Finance Corp. NAV fell to $16.49 from $17.33, with the fund trading at 72 cents to the dollar.

In separate press releases, Blue Owl CEO Craig Packer said the credit performance at both funds remained strong though he acknowledged a more challenging earnings environment and the "evolving" AI environment.

The tech fund sold roughly half of its stake in SpaceX in the first quarter, netting $117 million, ahead of a possible IPO later this year.

In the first quarter, Blue Owl bought back stock in both funds, acquiring $30 million of Blue Owl Capital Corp. and $50 million worth of Blue Owl Technology Finance Corp.

Blue Owl (OWL), the fund manager, has seen its stock drop 29% this year.

\-Steve Goldstein

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

05-07-26 0455ET

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