70% of Blue Owl’s portfolio, a New York-based private equity giant that manages $307.4 billion in assets — mostly loans with an average tenure of 3-5 years — is in the software domain. The stock is near a two-and-a-half-year low as the market views the rise of artificial intelligence (AI) as an existential threat to traditional software.
Reports that the company, with a market capitalisation of $18 billion, was halting redemptions led to a sharp sell-off in the stock on Wall Street on Thursday. However, it recovered after management clarified its…
