pakistan
Blue Owl will reduce private credit exposure to software
Key takeaways
- The share of software assets in Blue Owl Capital Corp declined to 16% from 19% in the first quarter of the year, Craig Packer told analysts on a conference call on Thursday.
- This happened “naturally” as borrowers repaid loans, Packer said. “We’re going to continue to be, I think, very cautious in software, and as we get repayments probably look to continue to take that down,” he added.
- Private equity and credit firms invested heavily in enterprise software companies during and after the COVID-19 pandemic.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Blue Owl’s biggest publicly traded private credit fund will look to reduce its exposure to software, the fund’s chief executive said, as uncertainty about the impact of artificial intelligence on the sector roils valuations.
The share of software assets in Blue Owl Capital Corp declined to 16% from 19% in the first quarter of the year, Craig Packer told analysts on a conference call on Thursday.
This happened “naturally” as borrowers repaid loans, Packer said. “We’re going to continue to be, I think, very cautious in software, and as we get repayments probably look to continue to take that down,” he added.
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