Since they make mostly floating-rate loans, Blue Owl, Apollo Global Management and Blackstone and their peers earn more as rates keep going up. Blue Owl is one of the largest pure-play private credit firms and among the fastest-growing players in the US. Blue Owl focuses on loans to private equity-backed firms or lending to private equity firms themselves against their fund assets. One reason why insurance costs are soaring is because private equity and private credit firms have been buying up insurance firms. ­Analysts say their main worry is that the loans Blue Owl sold were the good ones.

Source: The Edge Markets March 11, 2026 09:01 UTC