The firm's primary business development fund saw tender requests fall to 16.8% of shares during the third quarter. This decline from 18.8% in the second quarter coincided with redemption requests at the company's OTIC tech fund climbing to 39%, leading Blue Owl to restrict withdrawals at both entities to manage outflows.

Most of the requests for the flagship OCIC fund were resubmissions of tenders that were not filled in previous periods. Blue Owl shares rose 1.7% in premarket trading, and some analysts viewed the reduced pressure on the flagship BDC as a positive sign despite the continued volatility in the tech-focused portfolio.