Blue Owl Co-CEOs’ Personal Loans No Longer Backed by Firm Shares

Blue Owl Capital Inc. Co-Chief Executive Officers Doug Ostrover and Marc Lipschultz have revised the terms of personal loans to remove the company’s shares as collateral, after turmoil in the private credit market hammered the stock’s value in recent months.

The pair had previously pledged more than half of their Blue Owl stakes to secure loans from financial institutions, according to regulatory filings. But in a new disclosure on Friday, Blue Owl said that the executives no longer have any equity interests pledged as collateral.

Doug Ostrover and Marc Lipschultz

Photographers: Chris O’Meara/AP Photo, Michael Nagle/Bloomberg

A representative for the firm declined to comment on the change, which was reported ...