Blue Owl Capital co-CEOs Doug Ostrover and Marc Lipschultz revised their personal loan terms to stop pledging company shares as collateral. The executives made this move to address investor concerns regarding potential margin calls.
A significant stock price drop could have forced the founders to sell shares, creating further downward pressure. Each executive previously pledged more than 130 million shares.
These pledges represented approximately two-thirds of their individual holdings in the alternative asset manager. Blue Owl’s stock has declined significantly this year amid broader volatility in the private credit market.