Blue Owl’s Packer Sees No ‘Plateau’ or ‘Peak’ for Private Credit

While JPMorgan Chase & Co.’s Jamie Dimon thinks the $1.7 trillion private credit market may have hit a peak, Blue Owl Capital Inc. is still bullish on its bread-and-butter product.

The firm is seeing a “continued secular shift to private credit, and direct lending in particular,” Craig Packer, the co-president and head of credit at Blue Owl, said during an interview with Bloomberg Television on Tuesday.

“Even after tariffs, where you thought you might see a slowdown, there was a little bit of a slowdown, but certainly nothing that you would call a plateau or a peak,” he ...