Blue Owl Chief Points to Bank Loans for Dimon Cockroach Warning

Banks might want to look at their own books for any “cockroaches,” Blue Owl Capital Inc.’s co-chief executive officer, Marc Lipschultz, said on Tuesday, standing in fierce defense of private credit.

Tying private credit to the fallout from the bankruptcies of Tricolor Holdings and First Brands Group is an “odd kind of fear-mongering,” he said at the CAIS Alternative Investment Summit in Beverly Hills, California. “We’re not seeing rising defaults, we’re not seeing companies struggling.”

Lipschultz’s comments came hours after JPMorgan Chase & Co. CEO Jamie Dimon said the collapses should serve as warnings for credit markets.

“I ...