Leading asset management firm Blue Owl Capital saw its credit business slow, with its Q2 fund-raising hitting a three-year low.

Blue Owl Capital raised roughly $7.6 billion in total fundraising for Q2 2026, a sharp decline from the $12.1 billion it secured in the year-ago period. Its flagship private credit business only pulled in around $1.8 billion—about half of the prior quarter’s haul and the lowest single-quarter level since 2023. The drop was driven primarily by turmoil in the private credit market and redemption waves from high-net-worth individual investors, particularly for its non-traded BDC products. By contrast, real estate and real asset strategies (including those tied to AI data centers) performed strongly, accounting for the bulk of new fundraising. The firm’s assets under management (AUM) still expanded to approximately $319 billion, with profit metrics meeting or slightly outperforming expectations. Blue Owl Capital Inc. is a leading New York-headquartered alternative asset management firm focused on private market capital solutions. As of the end of June 2026, its AUM stood at roughly $319 billion.