Blue Owl Capital Inc. (NYSE: OWL), a leading alternative asset manager, has launched the Blue Owl Alternative Credit Fund (OWLCX), its first interval fund designed to give individual investors access to alternative credit markets historically dominated by institutional players.

The fund’s debut raised $850 million from a broad client base across Blue Owl’s global private wealth channel, making it one of the largest interval fund launches in history. OWLCX aims to offer diversified exposure to credit assets backed by financial and hard assets, targeting differentiated private credit investments while mitigating risk through amortizing pools and reduced correlation to traditional credit markets.

Bringing Institutional-Grade Credit to Individuals

Interval funds like OWLCX operate differently from conventional mutual funds. While they offer daily purchases, liquidity is limited to quarterly repurchase offers, and monthly distributions provide investors with a steady income stream. The structure allows individual investors to tap into alternative credit strategies without the scale typically required for institutional accounts.

Managed by Blue Owl Alternative Credit Advisors II LLC, the fund leverages a team of over 65 professionals with decades of market experience, deep relationships, and a dedicated data science effort analyzing tens of millions of data points. Over nearly 20 years, Blue Owl’s Alternative Credit strategy has deployed more than $24 billion across roughly 950 investments, with nearly 75% of capital allocated to repeat relationships—demonstrating both scale and consistency across market cycles.

Democratizing Access to Asset-Based Finance

“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,” said Sean Connor, President & CEO of Global Private Wealth at Blue Owl. “OWLCX reflects our commitment to democratizing alternative assets while providing accessibility and transparency.”

Ivan Zinn, Head of Alternative Credit, added, “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.”

By providing retail investors with institutional-grade solutions, Blue Owl is expanding the reach of alternative credit and reinforcing the growing trend of democratizing previously exclusive financial markets. As alternative credit continues to gain traction, interval funds like OWLCX could play a pivotal role in broadening investor participation while maintaining disciplined risk management.