Marc Lipschultz, Co-Chief Executive Officer of Blue Owl Capital Inc.
The Walker Webcast
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The Benefits of Floating Rate Debt
Blue Owl's direct lending business, which is just over 70 billion of your 144, essentially working with private equity firms that have invested in companies and putting debt on them. The vast majority of that is floating rate debt. Two years ago those borrowers from you all were paying coupon rates in the 1% and 2% and today they're paying in the 6% to 8%. So absolutely we provide senior secured floating rate debt in our credit business but this therefore has been candidly a good environment for our business.
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