US Stock Market Move | Blue Owl Capital (OWL.US) fell more than 5.6% due to exposure to a real estate loan institution that has already closed down.

On Friday, the share price of alternative asset management company Blue Owl Capital (OWL.US) fell, dropping more than 5.6% to $9.85 as of the time of writing. Earlier, there were reports in the media that the company had exposure to a collapsed UK real estate lending institution, causing market concern. According to reports, London-based real estate lending institution Century Capital Partners entered bankruptcy proceedings in February of this year. Market sources said that Blue Owl Capital provided funding for the highest-risk layer of financing in loans issued by the company. The reports also noted that UK bank NatWest Group is one of Century Capital's senior creditors. In response to this news, NatWest (NWG.US) also dropped by 2.22% to $15.45. Currently, RSM UK Restructuring Advisory, responsible for managing Century Capital's bankruptcy proceedings, expects to fully recover approximately 95 million in debts, which to some extent alleviates market concerns about potential losses. In recent years, Blue Owl Capital has rapidly expanded in the private credit sector, but the company has been facing increased pressure recently. Last month, the company permanently restricted redemptions for a $1.6 billion private credit fund and sold approximately $1.4 billion in loan assets to pension funds and its own insurance companies, once again raising concerns in the market about the quality of its assets and liquidity.