Might 1 (Reuters) – Brown College’s $8 billion endowment minimize its stake in a publicly traded non-public credit score fund run by various asset supervisor Blue Owl Capital by roughly 53%, in accordance with a regulatory submitting on Friday.
The Ivy League institute slashed its stake in Blue Owl Capital Corp, the agency’s greatest publicly traded non-public credit score fund, to 1.5 million shares on the finish of March 31, in contrast with 3.2 million shares on the finish of 2025, the 13-F submitting confirmed.
The college, nevertheless, retained its complete stake of roughly 2.6 million shares within the administration firm.
Publicly traded BDCs, like OBDC, are buying and selling at steep reductions as traders develop extra skeptical of valuations and mounting stress within the non-public credit score business.
Whereas institutional traders broadly proceed to indicate sturdy urge for food for personal credit score, retail traders and rich people have pulled away from the multi-trillion-dollar asset class as a barrage of damaging headlines in current months drew intense scrutiny to the business.
Insurance coverage large AIG mentioned on Friday it has pared again its non-public credit score exercise given the present market situations.
Launched in 2016, OBDC is one among Blue Owl’s publicly traded enterprise improvement corporations. Its investor base spans institutional and retail purchasers.
BDCs are funding automobiles that supply traders possession in a diversified pool of personal credit score belongings.
Brown’s portfolio spans asset courses akin to public fairness, actual belongings and personal fairness. The endowment logged an funding return of 11.9% in fiscal 2025.
13-F filings element what funding corporations owned in U.S. shares on the finish of the earlier quarter. They’re backward-looking however are intently watched for indications of funding tendencies. (Reporting by Arasu Kannagi Basil in Bengaluru; Modifying by Tasim Zahid)
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