Blue Owl Cuts Fees for Early European Private Credit Investors

Blue Owl Capital is waiving a large chunk of fees on one of its funds to attract European investors into private credit.

The private capital manager is offering to remove performance charges, also known as carried interest, for early investors to kickstart its first direct lending fund based in the region. It’s also cut management fees to levels typically seen in mutual funds.

The private credit fund will invest in US assets and charge participants a 0.65% management fee in the initial €1 billion ($1.05 billion) of fundraising, according to people with knowledge of the matter. Private credit and special ...