Jun. 25 at 6:40 PM
Higher interest rates make it easier for Blue Owl to continue to take market share from banks
$OWL
If interest rates lower.... then M&A heats up.
Remember we're just talking about the ~36% of Owl's AUM (direct lending). Ignoring the digitial infrastructure, GP stakes, other credit strategies and real estate.
Wasn't it the high interest rates rhat cause OWL's huge run up a couple years ago? Lol I'm not concerned about some borrowers defaulting. Just a cost of doing business as a lender
Also not concerned about some borrower's equity values going lower....
Majority of
$OTF loans are first lien senior secured with 40% LTV. OTF is the first to be paid in the capital stack. Blue Owl gets paid first as the lender before private equity boys get paid........ ain't now way these PE firms want to lose money, they'll make sure of it, right? Lol
Didn't equity values already crash? How much lower can we go?
Am I making sense to anybody or am I retarded
