Boaz Weinstein Warns ‘Wheels Coming Off’ Private Credit Funds

Activist investor Boaz Weinstein is stepping up his warnings on private credit, saying the turmoil surrounding Blue Owl Capital’s funds is exposing deeper cracks in the $1.8 trillion industry.

“All you need is the snowball to start going down the hill and it started. Blue Owl is right in the middle of that,” the Saba Capital Management founder said Tuesday at the iConnections Global Alts conference in Miami Beach, Florida. “I think we are in the super-early innings of the wheels coming off the car.”

Read more: Blue Owl Anxiety Rattles $1.8 Trillion Private Credit Market

The comment was ...