Blue Owl Capital announced the launch of Blue Owl Alternative Credit Fund ("OWLCX"), its first interval fund designed to provide individual investors access to a wide range of alternative credit assets that traditionally have been available predominantly to only institutional investors. Blue Owl secured $850 million of capital from a diverse client base across its global private wealth channel, making OWLCX one of the largest ever interval fund launches. 

OWLCX pursues its investment objective through a flexible mandate that allocates across credit assets backed by contractual cash flows from financial and hard assets. The strategy mitigates risk via diversified pools of amortizing assets and reduces correlation to traditional credit investments by targeting differentiated private credit asset types. OWLCX is structured as a registered interval fund, offering daily purchases, and intends to provide monthly distributions and quarterly liquidity via repurchase offers.

OWLCX is managed by Blue Owl Alternative Credit Advisors II LLC, which has an experienced investment team consisting of over 65 professionals with deep expertise, long-standing relationships, and differentiated sourcing capabilities. The team also includes a dedicated data science effort that adds analytical capabilities via decades of counterparty data and tens of millions of data points. Blue Owl's Alternative Credit strategy maintains a nearly 20-year track-record of investing through various market cycles. During that time, the strategy deployed over $24 billion of capital across approximately 950 investments with nearly 75 percent of capital invested across repeat relationships.

Sean Connor, President & CEO of Global Private Wealth at Blue Owl said, "With this launch, we're opening the door for individual investors to access a market traditionally dominated by institutions—one that offers strong income potential backed by diversified pools of asset collateral. OWLCX reflects Blue Owl's commitment to continue democratizing alternative assets in a way that we believe aligns with the evolving demands of today's private wealth investors, offering institutional-grade solutions with the accessibility and transparency they expect."

Ivan Zinn, Head of Alternative Credit at Blue Owl said, "We think asset-based finance represents the next opportunity for investors in private credit. OWLCX is built to support individual investors seeking differentiated exposure and resilient performance across market cycles."