Blue Owl Capital Secures $2.9 Billion for Asset-Backed Fund

(NYSE: OWL) successfully closed its Asset Special Opportunities Fund IX (ASOF IX) with approximately $2.9 billion in total capital commitments, surpassing its original target of $2.5 billion, demonstrating strong investor confidence in its asset-backed opportunistic credit strategy. ASOF IX is a diversified, asset-backed opportunistic strategy designed for flexible allocation across changing market conditions.

Blue Owl's Co-CEOs, Doug Ostrover and Marc Lipschultz, emphasize the firm's advantage in asset-based finance, citing its experienced team, unique sourcing network, and data-driven underwriting capabilities. Craig Packer, Co-President and Head of Credit, notes that strong investor support reflects the expanding role of asset-based finance and a structural shift in private credit, driven by market dislocation and demand for flexible capital.

Ivan Zinn, Head of Alternative Credit, highlights asset-based finance as a diversifier to corporate direct lending, offering downside protection and upside potential. The fund aims to deliver attractive risk-adjusted returns and durable income through disciplined deployment and underwriting.

Blue Owl manages over $307 billion in assets as of December 31, 2025.