Big Lenders’ Risky Loans Are Rattling Wall Street

Lending troubles at Blue Owl Capital and other so-called private credit behemoths are setting off fears of a “bank run,” as one hedge fund put it.Doug Ostrover, a founder of Blue Owl Capital. Investors are worried that colossal “private credit” lenders like Blue Owl have been too optimistic in their assessments of multiyear, privately traded loans tied to risky companies and industries.