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