{"id":6018,"date":"2026-11-04T20:43:47","date_gmt":"2026-11-04T12:43:47","guid":{"rendered":"https:\/\/www.872317.com\/?p=6018"},"modified":"2026-11-04T20:43:47","modified_gmt":"2026-11-04T12:43:47","slug":"%e5%9b%be%e8%a7%a3%e7%a7%81%e5%8b%9f%e4%bf%a1%e8%b4%b7%e5%8d%b1%e6%9c%ba%ef%bc%9a-blue-owl-%e6%9a%b4%e8%b7%8c-66%ef%bc%8c%e9%ab%98%e7%9b%9b%e4%b8%ba%e4%bd%95%e8%83%bd%e3%80%8c%e6%ad%bb%e9%87%8c","status":"publish","type":"post","link":"https:\/\/www.872317.com\/?p=6018","title":{"rendered":"\u56fe\u89e3\u79c1\u52df\u4fe1\u8d37\u5371\u673a\uff1a Blue Owl \u66b4\u8dcc 66%\uff0c\u9ad8\u76db\u4e3a\u4f55\u80fd\u300c\u6b7b\u91cc\u9003\u751f\u300d\uff1f"},"content":{"rendered":"<p>2026 \u5e74 4 \u6708 6 \u65e5\u5468\u4e00\u6536\u76d8\uff0c\u7f8e\u56fd\u79c1\u52df\u4fe1\u8d37\u8d44\u7ba1\u5de8\u5934 Blue Owl Capital\uff08OWL\uff09\u80a1\u4ef7\u8dcc\u81f3 8.45 \u7f8e\u5143\uff0c\u5468\u7ebf\u5237\u51fa\u4e0a\u5e02\u4ee5\u6765\u65b0\u4f4e\uff0c\u76d8\u4e2d\u4e00\u5ea6\u4e0b\u63a2 7.80 \u7f8e\u5143\u3002\u89e6\u53d1\u8fd9\u4e00\u8f6e\u629b\u552e\u7684\u4e8b\u4ef6\uff0c\u662f Blue Owl \u524d\u4e00\u5468\u56db\u516c\u5e03\u7684\u4e00\u5b63\u5ea6\u534a\u6d41\u52a8\u6027\u57fa\u91d1\u8d4e\u56de\u6570\u636e\u3002\u65d7\u4e0b\u4e24\u53ea\u4e3b\u529b\u975e\u4ea4\u6613\u578b BDC\uff08\u5546\u4e1a\u53d1\u5c55\u516c\u53f8\uff09\u57fa\u91d1\uff0cOTIC\uff08Blue Owl \u79d1\u6280\u6536\u76ca\uff09\u548c OCIC\uff08Blue Owl \u4fe1\u8d37\u6536\u5165\uff09\uff0c\u672c\u5b63\u5ea6\u7d2f\u8ba1\u6536\u5230\u7ea6 54 \u4ebf\u7f8e\u5143\u7684\u6295\u8d44\u8005\u8d4e\u56de\u8bf7\u6c42\uff0c\u5176\u4e2d OTIC \u8d4e\u56de\u7387\u8fbe\u5230\u6d41\u901a\u80a1\u7684 40.7%\uff0cOCIC \u4e3a 21.9%\uff0c\u4e24\u53ea\u57fa\u91d1\u540c\u65f6\u89e6\u53d1 5% \u7684\u884c\u4e1a\u786c\u6027\u95f8\u95e8\uff0c\u6309\u6bd4\u4f8b\u53ea\u653e\u884c\u4e86\u4e0d\u5230 12 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u4e3b\u6d41\u8d22\u7ecf\u5a92\u4f53\u7acb\u523b\u628a\u8fd9\u4ef6\u4e8b\u5305\u88c5\u6210\u300c\u6563\u6237\u79c1\u52df\u4fe1\u8d37\u53d9\u4e8b\u7834\u88c2\u300d\u548c\u300cAI \u98a0\u8986\u8f6f\u4ef6\u516c\u53f8\u5916\u6ea2\u5230\u503a\u6743\u4eba\u300d\u3002\u4f46\u8fd9\u4e24\u4e2a\u6807\u7b7e\u906e\u4f4f\u4e86\u4e00\u4ef6\u66f4\u5173\u952e\u7684\u4e8b\u3002\u540c\u4e00\u5468\uff0c\u9ad8\u76db\u8d44\u7ba1\u65d7\u4e0b\u7684 Goldman Sachs Private Credit Corp \u4e00\u5b63\u5ea6\u8d4e\u56de\u8bf7\u6c42\u5360\u6bd4\u662f 4.999%\uff0c\u548c 5% \u7684\u95f8\u95e8\u53ea\u5dee 0.001 \u4e2a\u767e\u5206\u70b9\uff0c\u6210\u4e3a\u540c\u4e1a\u4e2d\u5c11\u6570\u3001\u53ef\u80fd\u662f\u552f\u4e00\u4e00\u53ea\u672a\u89e6\u53d1\u95f8\u95e8\u3001\u7ed9\u8d4e\u56de\u6295\u8d44\u8005\u5168\u989d\u5151\u4ed8\u7684\u5927\u578b\u534a\u6d41\u52a8\u6027\u6c38\u7eed BDC\u3002\u8fd9\u573a\u8d4e\u56de\u6f6e\uff0c\u4e0d\u662f\u300c\u79c1\u52df\u4fe1\u8d37\u5d29\u76d8\u300d\uff0c\u800c\u662f\u4e00\u573a\u6e05\u6670\u7684 K \u5b57\u5206\u5316\u3002<\/p>\n<p>\u636e\u5f6d\u535a 4 \u6708 6 \u65e5\u7684\u62a5\u9053\uff0c\u9ad8\u76db\u8fd9\u53ea\u89c4\u6a21 157 \u4ebf\u7f8e\u5143\u7684\u57fa\u91d1\u662f\u672c\u5b63\u5ea6\u300c\u8eb2\u8fc7\u51fa\u9003\u6f6e\u300d\uff08Dodges Exodus\uff09\u7684\u5f02\u7c7b\u3002\u4e0e\u6b64\u540c\u65f6 Blue Owl \u7684 OTIC \u8d4e\u56de\u7387\u662f\u9ad8\u76db\u7684 8.1 \u500d\uff0cOCIC \u662f\u9ad8\u76db\u7684 4.4 \u500d\u3002\u5f53\u5e02\u573a\u6ce8\u610f\u529b\u5168\u90e8\u96c6\u4e2d\u5728 Blue Owl \u7684\u66b4\u8dcc\u65f6\uff0c\u771f\u6b63\u503c\u5f97\u8ffd\u95ee\u7684\u95ee\u9898\uff0c\u662f\u4e3a\u4ec0\u4e48\u540c\u6837\u7684\u7ed3\u6784\u3001\u540c\u6837\u7684\u4e00\u5468\u3001\u540c\u6837\u7684 5% \u95f8\u95e8\uff0c\u4e24\u5bb6\u673a\u6784\u4f1a\u5448\u73b0\u51fa\u5b8c\u5168\u4e0d\u540c\u7684\u7ed3\u5c40\u3002<\/p>\n<h2>\u80a1\u4ef7\u5341\u4e94\u4e2a\u6708\u84b8\u53d1\u4e09\u5206\u4e4b\u4e8c<\/h2>\n<p>\u5148\u770b\u5e02\u573a\u7ed9 Blue Owl \u7684\u5b9a\u4ef7\u3002\u636e Yahoo Finance \u5386\u53f2\u5468\u7ebf\u6570\u636e\uff0cBlue Owl Capital\uff08OWL\uff09\u5728 2025 \u5e74 1 \u6708 20 \u65e5\u5f53\u5468\u6536\u4e8e 25.02 \u7f8e\u5143\uff0c\u521b\u5386\u53f2\u5cf0\u503c\u3002\u5230 2026 \u5e74 4 \u6708 6 \u65e5\u5f53\u5468\u6536\u4e8e 8.45 \u7f8e\u5143\uff0c\u5341\u4e94\u4e2a\u6708\u8dcc\u53bb 66.2%\uff0c\u84b8\u53d1\u8fd1\u4e09\u5206\u4e4b\u4e8c\u5e02\u503c\u3002<\/p>\n<p class=\"ql-align-center\"><img decoding=\"async\" src=\"https:\/\/oss.odaily.top\/image\/2026\/04\/07\/c24781f202e14c0ba5ae4fe96ae8ad09.png\"><\/p>\n<p>\u80a1\u4ef7\u7b2c\u4e00\u6b21\u51fa\u73b0\u660e\u663e\u88c2\u7f1d\u662f 2026 \u5e74 1 \u6708\u521d\uff0cBlue Owl \u65d7\u4e0b\u53e6\u4e00\u53ea\u57fa\u91d1 OBDC II\uff08\u4e00\u53ea\u89c4\u6a21\u8f83\u5c0f\u7684\u975e\u516c\u5f00 BDC\uff09\u62ab\u9732\u6536\u5230\u76f8\u5f53\u4e8e\u6d41\u901a\u80a1 17% \u7684\u8d4e\u56de\u8bf7\u6c42\uff0c\u8fd9\u88ab\u89c6\u4e3a\u300c\u7b2c\u4e00\u9053\u88c2\u7f1d\u300d\u3002\u6b64\u540e\u80a1\u4ef7\u4e00\u8def\u4e0b\u884c\uff0c\u76f4\u5230\u4e00\u5b63\u5ea6\u6536\u5b98\uff0cOTIC \u548c OCIC \u4e24\u53ea\u4e3b\u529b\u57fa\u91d1\u540c\u65f6\u89e6\u53d1\u95f8\u95e8\uff0c\u5468\u4e00\u76d8\u4e2d\u4e00\u5ea6\u5237\u51fa 7.80 \u7f8e\u5143\u7684\u4e0a\u5e02\u4ee5\u6765\u7edd\u5bf9\u4f4e\u70b9\u3002<\/p>\n<p>\u6709\u610f\u601d\u7684\u662f\uff0cBlue Owl \u7684\u80a1\u4ef7\u8dcc\u5e45\uff08-66.2%\uff09\u8fdc\u8fdc\u9886\u5148\u4e8e\u5b83\u7684\u57fa\u672c\u9762\u6076\u5316\u5e45\u5ea6\u3002OCIC \u4f9d\u7136\u62e5\u6709 360 \u4ebf\u7f8e\u5143 AUM\uff0c2026 \u5e74\u4e00\u5b63\u5ea6\u51c0\u8d44\u4ea7\u503c\u4e0b\u8dcc\u7ea6 6.5%\uff0c\u516c\u53f8\u6574\u4f53\u7ba1\u7406\u89c4\u6a21\u4ecd\u5728 2,900 \u4ebf\u7f8e\u5143\u4ee5\u4e0a\u3002\u5e02\u573a\u660e\u663e\u5728\u7528\u300c\u672a\u6765\u7684\u5151\u4ed8\u4e0d\u786e\u5b9a\u6027\u300d\u548c\u300c\u4f30\u503c\u4fe1\u5fc3\u5d29\u584c\u300d\u4e24\u4e2a\u56e0\u5b50\uff0c\u800c\u4e0d\u662f\u5355\u7eaf\u7684\u5f53\u671f\u4e1a\u7ee9\uff0c\u6765\u91cd\u65b0\u5b9a\u4ef7\u8fd9\u5bb6\u516c\u53f8\u3002<\/p>\n<h2>\u540c\u4e00\u9053\u95f8\u95e8\uff0c\u4e24\u79cd\u547d\u8fd0<\/h2>\n<p>\u771f\u6b63\u80fd\u628a\u300cK \u5b57\u5206\u5316\u300d\u8bf4\u6e05\u695a\u7684\uff0c\u662f\u6a2a\u622a\u9762\u3002\u628a 2026 \u5e74\u4e00\u5b63\u5ea6\u516c\u5f00\u62ab\u9732\u8fc7\u8d4e\u56de\u6570\u636e\u7684\u4e94\u53ea\u5927\u578b\u534a\u6d41\u52a8\u6027\u6c38\u7eed BDC \u653e\u5728\u4e00\u8d77\uff0c\u7ed3\u6784\u4e00\u76ee\u4e86\u7136\u3002<\/p>\n<p>\u636e\u5f6d\u535a\u3001CNBC \u548c\u5404\u57fa\u91d1\u7684\u516c\u53f8\u516c\u544a\uff0c\u4e94\u53ea\u57fa\u91d1\u7684\u8d4e\u56de\u7387\u4f9d\u6b21\u662f Blue Owl OTIC 40.7%\u3001Blue Owl OCIC 21.9%\u3001Apollo Debt Solutions 11.2%\u3001\u6469\u6839\u58eb\u4e39\u5229 North Haven Private Income Fund 10.9%\u3001\u9ad8\u76db Goldman Sachs Private Credit Corp 4.999%\u3002\u8fd9\u4e94\u53ea\u57fa\u91d1\u5927\u81f4\u53ef\u4ee5\u5212\u6210\u4e09\u6863\u3002<\/p>\n<p class=\"ql-align-center\"><img decoding=\"async\" src=\"https:\/\/oss.odaily.top\/image\/2026\/04\/07\/da557751c8134273b5402b292aa53152.png\"><\/p>\n<p>\u4e0a\u6863\uff0cBlue Owl \u4e24\u53ea\u57fa\u91d1\u8fdc\u8d85\u95f8\u95e8\uff0cOTIC \u51e0\u4e4e\u662f\u4e00\u534a\u6301\u6709\u4eba\u8981\u64a4\uff0cOCIC \u63a5\u8fd1\u95f8\u95e8\u7684\u56db\u500d\u3002\u6309\u89c4\u5219\u53ea\u653e\u884c\u6700\u591a 5% \u7684\u6d41\u901a\u80a1\u8d4e\u56de\uff0cOTIC \u5b9e\u9645\u53ea\u5151\u4ed8\u4e86\u7ea6 1.79 \u4ebf\u7f8e\u5143\uff0cOCIC \u5151\u4ed8\u4e86\u7ea6 9.88 \u4ebf\u7f8e\u5143\uff0c\u5176\u4f59\u8d85\u8fc7 42 \u4ebf\u7f8e\u5143\u7684\u8d4e\u56de\u8bf7\u6c42\u88ab\u9501\u5728\u4e86\u95f8\u95e8\u4e4b\u5916\u3002<\/p>\n<p>\u4e2d\u6863\uff0cApollo \u548c\u6469\u6839\u58eb\u4e39\u5229\u7684\u8d4e\u56de\u7387\u90fd\u843d\u5728 10% \u5230 11% \u4e4b\u95f4\u3002\u636e\u5f6d\u535a 3 \u6708 11 \u65e5\u548c 3 \u6708 23 \u65e5\u7684\u62a5\u9053\uff0cApollo Debt Solutions \u5151\u4ed8\u4e86\u7ea6 45% \u7684\u8bf7\u6c42\uff0cNorth Haven \u5151\u4ed8\u4e86\u7ea6 46%\uff0c\u6309 PitchBook \u548c iCapital \u7684\u884c\u4e1a\u8bf4\u660e\uff0c\u540c\u6837\u89e6\u53d1\u4e86\u95f8\u95e8\uff0c\u4f46\u538b\u529b\u6bd4 Blue Owl \u663e\u8457\u66f4\u5c0f\u3002<\/p>\n<p>\u4e0b\u6863\uff0c\u53ea\u6709\u9ad8\u76db\u4e00\u5bb6\u30024.999% \u662f\u540c\u671f\u552f\u4e00\u672a\u89e6\u53d1 5% \u95f8\u95e8\u7684\u5927\u578b\u57fa\u91d1\uff0c\u5168\u90e8\u8d4e\u56de\u8bf7\u6c42\u6309 100% \u5151\u4ed8\u3002<\/p>\n<p>\u5f6d\u535a\u5728\u6587\u7ae0\u6807\u9898\u91cc\u7528\u7684\u662f\u300cDodges Exodus\u300d\uff08\u8eb2\u8fc7\u51fa\u9003\u6f6e\uff09\uff0cOTIC \u662f\u9ad8\u76db\u7684 8.1 \u500d\u8fd9\u4e00\u6570\u5b57\uff0c\u672c\u8eab\u5df2\u7ecf\u8bf4\u660e\u4e86\u5206\u5316\u7684\u70c8\u5ea6\u3002\u540c\u4e00\u5468\u3001\u540c\u4e00\u7c7b\u7ed3\u6784\u3001\u540c\u4e00\u9053\u89c4\u5219\uff0c\u4e24\u5bb6\u673a\u6784\u7684\u547d\u8fd0\u5b8c\u5168\u4e0d\u540c\u3002<\/p>\n<h2>\u6ce1\u6cab\uff0c\u6563\u6237\u628a\u5b83\u62ac\u9ad8\u4e86 4.4 \u500d<\/h2>\n<p>\u8981\u7406\u89e3\u8fd9\u573a\u8d4e\u56de\u6f6e\u4e3a\u4ec0\u4e48\u6765\u5f97\u8fd9\u4e48\u731b\uff0c\u9700\u8981\u5148\u770b\u8fdb\u6765\u7684\u6c34\u6709\u591a\u6df1\u3002\u636e Robert A. Stanger &amp; Co. \u7684\u884c\u4e1a\u7edf\u8ba1\uff0c\u7f8e\u56fd\u975e\u4ea4\u6613\u578b BDC \u8fc7\u53bb\u4e94\u5e74\u7684\u5e74\u5ea6\u52df\u8d44\u89c4\u6a21\uff0c\u5448\u73b0\u51fa\u4e00\u6761\u660e\u663e\u7684\u629b\u7269\u7ebf\u3002<\/p>\n<p>2021 \u5e74\u5168\u5e74 143 \u4ebf\u7f8e\u5143\uff0c\u5230 2025 \u5e74\u5168\u5e74\u521b\u4e0b 630 \u4ebf\u7f8e\u5143\u7684\u5386\u53f2\u7eaa\u5f55\uff0c\u4e94\u5e74\u653e\u5927 4.4 \u500d\u3002\u540c\u7bc7\u7edf\u8ba1\u663e\u793a\uff0c2025 \u5e74\u524d\u4e94\u5927\u673a\u6784\uff08Blackstone\u3001Blue Owl\u3001Apollo\u3001Ares \u548c HPS\uff09\u62ff\u8d70\u4e86\u5176\u4e2d\u7ea6 83%\uff0c\u7ea6 523 \u4ebf\u7f8e\u5143\u96c6\u4e2d\u6d41\u5411\u5934\u90e8\u4e94\u5bb6\u3002\u8fc7\u53bb\u4e94\u5e74\u6d8c\u8fdb\u6765\u7684\u6563\u6237\u8d44\u91d1\uff0c\u4e0d\u4ec5\u603b\u91cf\u5de8\u5927\uff0c\u5206\u5e03\u4e5f\u6781\u5ea6\u96c6\u4e2d\u3002<\/p>\n<p class=\"ql-align-center\"><img decoding=\"async\" src=\"https:\/\/oss.odaily.top\/image\/2026\/04\/07\/8781ec94b810466d8e96dcc9fc0ad184.png\"><\/p>\n<p>\u4f46\u5230 2026 \u5e74 1 \u6708\uff0cStanger \u7684\u5355\u6708\u6570\u636e\u663e\u793a\u975e\u4ea4\u6613 BDC \u52df\u8d44\u53ea\u6709 32 \u4ebf\u7f8e\u5143\uff0c\u76f8\u6bd4 2025 \u5e74 3 \u6708\u7684\u5cf0\u503c 62 \u4ebf\u7f8e\u5143\u63a5\u8fd1\u8170\u65a9\u3002\u636e Connect Money \u548c FinancialContent \u7684\u62a5\u9053\uff0c2026 \u5e74\u4e00\u5b63\u5ea6 BDC \u6574\u4f53\u9500\u552e\u76f8\u6bd4\u53bb\u5e74\u540c\u671f\u4e0b\u964d\u7ea6 40%\u3002\u5728\u6295\u8d44\u8005\u5f00\u59cb\u96c6\u4e2d\u8981\u6c42\u8d4e\u56de\u7684\u540c\u4e00\u4e2a\u5b63\u5ea6\uff0c\u65b0\u589e\u8d44\u91d1\u5df2\u7ecf\u5728\u8089\u773c\u53ef\u89c1\u5730\u51cf\u901f\uff0c\u8d4e\u56de\u538b\u529b\u4e0a\u5347\u548c\u65b0\u7533\u8d2d\u4e0b\u964d\u4e24\u5934\u540c\u65f6\u53d1\u751f\uff0c\u95f8\u95e8\u88ab\u8e29\u5f97\u6bd4\u4efb\u4f55\u4eba\u9884\u60f3\u7684\u90fd\u8981\u7528\u529b\u3002<\/p>\n<p>\u8fd9\u4e0d\u662f\u4e00\u4e2a\u5468\u671f\u6027\u7684\u56de\u64a4\uff0c\u800c\u662f\u534a\u6d41\u52a8\u6027\u6c38\u7eed BDC \u4f5c\u4e3a\u4e00\u79cd\u300c\u7c7b\u50a8\u84c4\u4ea7\u54c1\u300d\u552e\u5356\u7ed9\u6563\u6237\u7684\u90a3\u6761\u53d9\u4e8b\uff0c\u7b2c\u4e00\u6b21\u5728\u8d44\u91d1\u5c42\u9762\u88ab\u91cd\u65b0\u5ba1\u89c6\u3002<\/p>\n<h2>\u4ece BREIT \u5230 Blue Owl\uff0c\u8106\u5f31\u6027\u5728\u56db\u5e74\u91cc\u9010\u6b65\u663e\u6027<\/h2>\n<p>\u628a\u8fd9\u573a\u8d4e\u56de\u6f6e\u653e\u8fdb\u66f4\u957f\u7684\u65f6\u95f4\u8f74\uff0c\u4f1a\u53d1\u73b0\u5b83\u4e0d\u662f\u7a81\u7136\u7206\u53d1\u7684\u3002<\/p>\n<p>\u300c\u534a\u6d41\u52a8\u6027\u6c38\u7eed\u300d\u8fd9\u4e2a\u7ed3\u6784\u6709\u4e24\u5c42\u627f\u8bfa\u3002\u5b83\u5141\u8bb8\u57fa\u91d1\u4e0d\u4e0a\u5e02\u3001\u4e0d\u516c\u5f00\u4f30\u503c\uff0c\u53c8\u627f\u8bfa\u6295\u8d44\u8005\u6bcf\u5b63\u5ea6\u53ef\u4ee5\u6309 NAV \u8d4e\u56de\u4e00\u90e8\u5206\u4efd\u989d\u3002\u672c\u8d28\u4e0a\u8fd9\u662f\u628a\u975e\u6d41\u52a8\u8d44\u4ea7\uff08\u79c1\u52df\u4fe1\u8d37\u3001\u79c1\u52df\u5730\u4ea7\uff09\u5305\u88c5\u6210\u4e00\u4e2a\u300c\u770b\u8d77\u6765\u53ef\u4ee5\u968f\u65f6\u63d0\u73b0\u300d\u7684\u4ea7\u54c1\u3002\u4e3a\u4e86\u9632\u6b62\u6324\u5151\uff0c\u884c\u4e1a\u7edf\u4e00\u8bbe\u4e86 5% \u7684\u5b63\u5ea6\u8d4e\u56de\u95f8\u95e8\uff0c\u4e00\u65e6\u5b63\u5ea6\u8d4e\u56de\u8bf7\u6c42\u8d85\u8fc7\u6d41\u901a\u80a1\u7684 5%\uff0c\u57fa\u91d1\u6309\u6bd4\u4f8b\u5151\u4ed8\uff0c\u4f59\u4e0b\u7684\u8bf7\u6c42\u88ab\u9501\u5728\u4e0b\u4e00\u4e2a\u5b63\u5ea6\u7b49\u5f85\u3002<\/p>\n<p class=\"ql-align-center\"><img decoding=\"async\" src=\"https:\/\/oss.odaily.top\/image\/2026\/04\/07\/2e8528110b5640a694cda0d7f7c783e5.png\"><\/p>\n<p>2022 \u5e74 11 \u6708\uff0cBlackstone \u65d7\u4e0b\u7684\u975e\u4ea4\u6613\u578b\u5730\u4ea7\u4fe1\u6258 BREIT \u9996\u6b21\u89e6\u53d1\u8fd9\u9053\u95f8\u95e8\uff0c\u6210\u4e3a\u6c38\u7eed\u534a\u6d41\u52a8\u6027\u7ed3\u6784\u7684\u7b2c\u4e00\u6b21\u7cfb\u7edf\u6027\u6d41\u52a8\u6027\u4e8b\u4ef6\u3002\u636e Caproasia \u7684\u6570\u636e\uff0c2023 \u5e74 1 \u6708 BREIT \u5355\u6708\u53ea\u653e\u884c\u4e86\u5168\u90e8\u8bf7\u6c42\u7684 25%\uff0c\u7d2f\u8ba1\u5230 2023 \u5e74 11 \u6708\uff0cBREIT \u4e00\u5171\u5151\u4ed8\u4e86 143 \u4ebf\u7f8e\u5143\u7684\u8d4e\u56de\u8bf7\u6c42\u3002\u90a3\u4e00\u6b21\u88ab\u89e3\u8bfb\u4e3a\u5730\u4ea7\u8d44\u4ea7\u7c7b\u522b\u7684\u5b64\u7acb\u4e8b\u4ef6\uff0c\u79c1\u52df\u4fe1\u8d37\u5e02\u573a\u5e76\u672a\u88ab\u62d6\u4e0b\u6c34\u3002<\/p>\n<p>\u56db\u5e74\u4e4b\u540e\uff0c\u540c\u6837\u7684\u88c2\u7f1d\u4ece\u5730\u4ea7\u8513\u5ef6\u5230\u4fe1\u8d37\u30022026 \u5e74 1 \u6708\uff0cBlue Owl OBDC II \u62ab\u9732 17% \u7684\u8d4e\u56de\u8bf7\u6c42\uff0c\u6210\u4e3a\u7b2c\u4e00\u9053\u4fe1\u53f7\u30023 \u6708 11 \u65e5\uff0c\u6469\u6839\u58eb\u4e39\u5229 North Haven \u89e6\u53d1\u95f8\u95e8\u30023 \u6708 23 \u65e5\uff0cApollo Debt Solutions \u89e6\u53d1\u95f8\u95e8\u30024 \u6708 2 \u65e5\uff0cBlue Owl OCIC \u548c OTIC \u540c\u65f6\u89e6\u53d1\u95f8\u95e8\u3002\u4e03\u5929\u5185\u56db\u5bb6\u5934\u90e8\u8d44\u7ba1\u7684\u5927\u578b BDC \u8fde\u7eed\u88ab\u8e29\u8fdb\u540c\u4e00\u9053\u95e8\u69db\uff0c\u800c\u9ad8\u76db\u5728\u540c\u4e00\u4e2a\u5b63\u5ea6\u91cc\u4ee5 4.999% \u7684\u5dee\u8ddd\uff0c\u7559\u5728\u4e86\u95f8\u95e8\u4e4b\u5916\u3002<\/p>\n<p>\u534a\u6d41\u52a8\u6027\u6c38\u7eed BDC \u7684\u7ed3\u6784\u6027\u8106\u5f31\u6027\u4e0d\u662f\u88ab Blue Owl \u7684\u8fd9\u6b21\u8d4e\u56de\u6f6e\u624d\u66b4\u9732\u7684\uff0c\u5b83\u4ece 2022 \u5e74 BREIT \u90a3\u6b21\u5c31\u5df2\u7ecf\u6446\u5728\u684c\u9762\u4e0a\uff0c\u53ea\u662f\u56db\u5e74\u91cc\u6ca1\u6709\u4eba\u771f\u6b63\u628a\u5b83\u5f53\u56de\u4e8b\u3002<\/p>\n<h2>\u6839\u56e0\uff0cOTIC \u516b\u6210\u538b\u5728\u79d1\u6280\u4e0e\u533b\u7597<\/h2>\n<p>\u73b0\u5728\u56de\u5230\u90a3\u4e2a\u5173\u952e\u95ee\u9898\uff0c\u4e3a\u4ec0\u4e48\u540c\u6837\u7684\u7ed3\u6784\u3001\u540c\u6837\u7684\u4e00\u5468\uff0c\u9ad8\u76db\u548c Blue Owl \u7684\u7ed3\u5c40\u5dee\u4e86 8 \u500d\u3002\u628a OTIC \u7684\u6295\u8d44\u7ec4\u5408\u62c6\u5f00\uff0c\u7b54\u6848\u5c31\u6e05\u6670\u4e86\u3002<\/p>\n<p>\u636e KBRA \u8bc4\u7ea7\u62a5\u544a\u548c Blue Owl OTIC 2024 \u5e74\u56db\u5b63\u5ea6\u8d22\u62a5\u62ab\u9732\uff0c\u622a\u81f3 2025 \u5e74\u672b\uff0cOTIC \u6295\u8d44\u7ec4\u5408\u89c4\u6a21 62 \u4ebf\u7f8e\u5143\uff0c\u6301\u6709 190 \u5bb6\u516c\u53f8\u3001\u8986\u76d6 39 \u4e2a\u7ec8\u7aef\u5e02\u573a\uff0c\u5176\u4e2d 92% \u6709\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u80cc\u4e66\uff0c93% \u4e3a\u7b2c\u4e00\u7559\u7f6e\u6743\u9ad8\u7ea7\u6709\u62c5\u4fdd\u8d37\u6b3e\u3002\u4ece\u8d26\u9762\u7ed3\u6784\u770b\u8fd9\u662f\u4e00\u53ea\u8d28\u5730\u4e0d\u5dee\u7684\u57fa\u91d1\uff0c\u4f46\u5b83\u7684\u884c\u4e1a\u96c6\u4e2d\u5ea6\u76f8\u5f53\u7279\u6b8a\u3002\u7cfb\u7edf\u8f6f\u4ef6\u5360 16.1%\u3001\u533b\u7597\u79d1\u6280\u5360 13.0%\u3001\u5e94\u7528\u8f6f\u4ef6\u5360 12.4%\uff0c\u4ec5\u8fd9\u4e09\u4e2a\u7ec6\u5206\u9886\u57df\u5c31\u5360\u4e86 41.5%\u3002<\/p>\n<p class=\"ql-align-center\"><img decoding=\"async\" src=\"https:\/\/oss.odaily.top\/image\/2026\/04\/07\/ec338800490a4910b453f4c660b19688.png\"><\/p>\n<p>\u5173\u952e\u662f\uff0c\u8fd9\u5e76\u4e0d\u662f\u7ba1\u7406\u4eba\u4e34\u65f6\u7684\u884c\u4e1a\u504f\u597d\uff0c\u800c\u662f\u5199\u8fdb OTIC \u6295\u8d44\u7ae0\u7a0b\u7684\u786c\u6027\u89c4\u5219\uff0c\u81f3\u5c11 80% \u603b\u8d44\u4ea7\u5fc5\u987b\u6295\u5411\u300c\u8f6f\u4ef6\u548c\u6280\u672f\u76f8\u5173\u300d\u516c\u53f8\u3002Blue Owl \u5728\u516c\u5f00\u6750\u6599\u91cc\u628a OTIC \u63cf\u8ff0\u4e3a\u300c\u4e3b\u8981\u6295\u5411\u5927\u578b\u3001\u5e02\u573a\u9886\u5148\u7684\u8f6f\u4ef6\u4f01\u4e1a\uff0c\u63d0\u4f9b\u5173\u952e\u4efb\u52a1\u3001\u7ecf\u5e38\u6027\u6536\u5165\u7684\u89e3\u51b3\u65b9\u6848\u300d\u3002OTIC \u5728\u5b83\u7684\u8bbe\u8ba1\u4e4b\u521d\u5c31\u662f\u4e00\u53ea SaaS \u79d1\u6280\u4fe1\u8d37\u57fa\u91d1\u3002<\/p>\n<p>\u800c\u8fc7\u53bb\u534a\u5e74\u7684\u5e02\u573a\u53d9\u4e8b\u91cc\uff0cSaaS \u662f\u88ab AI \u91cd\u5b9a\u4ef7\u6700\u5267\u70c8\u7684\u8d44\u4ea7\u7c7b\u522b\u4e4b\u4e00\u3002\u5f53\u6295\u8d44\u8005\u5f00\u59cb\u62c5\u5fe7\u300cAI \u98a0\u8986\u8f6f\u4ef6\u516c\u53f8\u7684\u957f\u671f\u8ba2\u9605\u6536\u5165\u300d\u65f6\uff0c\u4e00\u53ea 80% \u655e\u53e3\u90fd\u5728\u8f6f\u4ef6\u548c\u6280\u672f\u4e0a\u7684\u79c1\u52df\u4fe1\u8d37\u57fa\u91d1\uff0c\u9996\u5f53\u5176\u51b2\u3002\u636e\u5f6d\u535a\u548c\u8def\u900f\u793e\u7684\u62a5\u9053\uff0cBlue Owl \u7ba1\u7406\u5c42\u81ea\u5df1\u5728\u7ed9\u6295\u8d44\u8005\u7684\u6c9f\u901a\u4e2d\u4e5f\u627f\u8ba4\uff0c\u4e00\u5b63\u5ea6\u7684\u8d4e\u56de\u538b\u529b\u90e8\u5206\u6765\u81ea\u300cAI \u5bf9\u8f6f\u4ef6\u516c\u53f8\u7684\u98a0\u8986\u62c5\u5fe7\u300d\u3002<\/p>\n<p>\u5bf9\u6bd4\u4e4b\u4e0b\uff0c\u9ad8\u76db Goldman Sachs Private Credit Corp \u7684\u6295\u8d44\u7ec4\u5408\uff08157 \u4ebf\u7f8e\u5143 AUM\uff09\u88ab\u5f6d\u535a\u63cf\u8ff0\u4e3a\u300c\u5206\u6563\u5316\u7a0b\u5ea6\u663e\u8457\u9ad8\u4e8e\u540c\u884c\u300d\uff0c\u6ca1\u6709\u54ea\u4e00\u4e2a\u5355\u4e00\u884c\u4e1a\u5360\u6bd4\u8fbe\u5230 OTIC \u7684\u79d1\u6280\u655e\u53e3\u6c34\u5e73\u3002\u540c\u6837\u7684\u79c1\u52df\u4fe1\u8d37\u3001\u540c\u6837\u7684\u534a\u6d41\u52a8\u6027\u7ed3\u6784\u3001\u540c\u6837\u7684 5% \u95f8\u95e8\uff0c\u5e95\u5c42\u8d44\u4ea7\u5bf9\u5f53\u671f\u5e02\u573a\u4e3b\u9898\u7684\u66b4\u9732\u5ea6\u4e00\u4e2a\u662f 80% \u4e00\u4e2a\u4e0d\u5230 15%\uff0c\u7ed3\u679c\u4e00\u4e2a\u8d4e\u56de\u7387 40.7%\uff0c\u53e6\u4e00\u4e2a 4.999%\u3002<\/p>\n<p>\u8fd9\u624d\u662f\u300cK \u5b57\u5206\u5316\u300d\u7684\u6839\u672c\u539f\u56e0\u3002\u5b83\u4e0d\u662f\u79c1\u52df\u4fe1\u8d37\u4f5c\u4e3a\u4e00\u4e2a\u8d44\u4ea7\u7c7b\u522b\u5d29\u584c\u4e86\uff0c\u800c\u662f\u62bc\u5728\u540c\u4e00\u4e2a\u5e02\u573a\u4e3b\u9898\u4e0a\u7684\u57fa\u91d1\u96c6\u4e2d\u51fa\u95ee\u9898\uff0c\u800c\u5206\u6563\u5316\u7684\u57fa\u91d1\u51e0\u4e4e\u6ca1\u53d7\u5f71\u54cd\u3002\u5206\u5316\u53d1\u751f\u5728\u98ce\u9669\u66b4\u9732\u5c42\uff0c\u4e0d\u5728\u7ed3\u6784\u5c42\u3002<\/p>\n<h2>\u6536\u5c3e<\/h2>\n<p>\u6469\u6839\u5927\u901a CEO \u6234\u8499\u5728 4 \u6708 6 \u65e5\u53d1\u5e03\u7684 2026 \u5e74\u80a1\u4e1c\u4fe1\u91cc\uff0c\u6b63\u597d\u78b0\u4e0a\u4e86 Blue Owl \u521b\u65b0\u4f4e\u7684\u8fd9\u4e00\u5929\u3002\u4ed6\u5728\u4fe1\u4e2d\u5199\u9053\uff1a\u79c1\u52df\u4fe1\u8d37\u6574\u4f53\u800c\u8a00\u7f3a\u4e4f\u900f\u660e\u5ea6\u548c\u4e25\u683c\u7684\u8d37\u6b3e\u4f30\u503c\u6807\u8bb0\uff0c\u8fd9\u4f7f\u5f97\u4eba\u4eec\u5982\u679c\u8ba4\u4e3a\u73af\u5883\u4f1a\u53d8\u7cdf\uff0c\u5c31\u66f4\u53ef\u80fd\u9009\u62e9\u5356\u51fa\uff0c\u54ea\u6015\u5b9e\u9645\u4e8f\u635f\u51e0\u4e4e\u6ca1\u6709\u53d8\u5316\u3002<\/p>\n<p>\u6234\u8499\u8fd9\u53e5\u8bdd\u6307\u5411\u7684\u662f\u7ed3\u6784\u95ee\u9898\u3002\u79c1\u52df\u4fe1\u8d37\u96be\u4ee5\u76ef\u5e02\uff0c\u6301\u6709\u4eba\u5bf9\u98ce\u9669\u7684\u611f\u77e5\u53cd\u800c\u6bd4\u5b9e\u9645\u635f\u5931\u66f4\u654f\u611f\u3002\u653e\u5728 2026 \u5e74 4 \u6708 7 \u65e5\u8bfb\u8d77\u6765\u6709\u4e24\u5c42\u542b\u4e49\u3002\u4e00\u662f\u9ad8\u76db\u90a3 0.001 \u7684\u5dee\u8ddd\uff0c\u66f4\u591a\u662f\u5206\u6563\u5316\u7ed3\u6784\u7684\u7ed3\u679c\u800c\u4e0d\u662f\u8fd0\u6c14\u3002\u4e8c\u662f\u6574\u4e2a 1.8 \u4e07\u4ebf\u7f8e\u5143\u89c4\u6a21\u7684\u79c1\u52df\u4fe1\u8d37\u5e02\u573a\uff0c\u8fd8\u6ca1\u6709\u628a\u300c\u6d41\u52a8\u6027\u4e0e\u4e0d\u900f\u660e\u7684\u7ec4\u5408\u300d\u8fd9\u4e00\u5e95\u5c42\u77db\u76fe\u89e3\u51b3\u6389\u3002<\/p>\n<p>\u4e00\u9053 5% \u7684\u95f8\u95e8\u6ca1\u80fd\u628a Blue Owl \u548c\u9ad8\u76db\u5206\u6210\u300c\u597d\u57fa\u91d1\u300d\u548c\u300c\u574f\u57fa\u91d1\u300d\uff0c\u5b83\u53ea\u662f\u628a\u300c\u96c6\u4e2d\u62bc\u6ce8\u5f53\u671f\u4e3b\u9898\u300d\u548c\u300c\u5206\u6563\u5316\u300d\u4e24\u79cd\u4e0d\u540c\u7684\u6295\u8d44\u51b3\u7b56\uff0c\u653e\u5728\u540c\u4e00\u5f20 K \u7ebf\u56fe\u4e0a\u4e00\u6b21\u6027\u7ed3\u7b97\u3002<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>2026 \u5e74 4 \u6708 6 \u65e5\u5468\u4e00\u6536\u76d8\uff0c\u7f8e\u56fd\u79c1\u52df\u4fe1\u8d37\u8d44\u7ba1\u5de8\u5934 Blue Owl Capital\uff08OWL\uff09\u80a1\u4ef7\u8dcc\u81f3 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6018","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.872317.com\/index.php?rest_route=\/wp\/v2\/posts\/6018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.872317.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.872317.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.872317.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.872317.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6018"}],"version-history":[{"count":1,"href":"https:\/\/www.872317.com\/index.php?rest_route=\/wp\/v2\/posts\/6018\/revisions"}],"predecessor-version":[{"id":6841,"href":"https:\/\/www.872317.com\/index.php?rest_route=\/wp\/v2\/posts\/6018\/revisions\/6841"}],"wp:attachment":[{"href":"https:\/\/www.872317.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.872317.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.872317.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}