Blue Owl Co-CEO Draws Line Between Public, Private Markets
- Firm not focused on generating liquidity in private credit
- Blue Owl had $235 billion in total AUM at the end of September
There’s still a distinction between private and public markets, according to Blue Owl Capital Inc.’s co-chief executive officer, Marc Lipschultz, despite calls from other executives for more liquidity in the $1.7 trillion industry and a pitch that the two are converging.
The markets are becoming “increasingly adjacent,” but “private markets are private for a reason,” Lipschultz said in a Thursday interview on Bloomberg TV. Blue Owl, he added, is not focused on building products to help investors move in and out of deals easier.