Blue Owl Capital Inc. has launched the Blue Owl Alternative Credit Fund (OWLCX), its first interval fund designed to open access for individual investors to a broad spectrum of alternative credit assets. The firm secured $850 million in initial capital commitments through its global private wealth channel, making OWLCX one of the largest interval fund launches on record, according to Robert A. Stanger & Company, Inc. 

OWLCX invests across credit assets supported by contractual cash flows from both financial and hard assets, with a strategy that emphasizes risk mitigation through diversified pools of amortizing assets. By targeting differentiated private credit opportunities, the fund seeks to reduce correlations to traditional credit markets while providing consistent performance across cycles. 

Structured as an interval fund, OWLCX offers daily purchases, monthly distributions, and quarterly liquidity via repurchase offers. The vehicle is managed by Blue Owl Alternative Credit Advisors II LLC. 

Blue Owl’s alternative credit platform has deployed more than $24 billion across roughly 950 investments, with nearly 75% of capital committed through repeat relationships over nearly two decades. “We think asset-based finance represents the next opportunity for investors in private credit,” said Ivan Zinn, head of alternative credit at Blue Owl. “OWLCX is built to support individual investors seeking differentiated exposure and resilient performance across market cycles.” 

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