Blue Owl Capital IncOWL
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Cramer advises avoiding Blue Owl, preferring Blackstone instead.
Jim Cramer advised investors to avoid Blue Owl and instead buy Blackstone, citing that the private credit scare was overblown. He noted that Goldman Sachs reported only 3.24% of its investors chose to redeem their funds this month, well below the 5% allowed, signaling that private equity stocks are recovering. Cramer argued that the narrative of private credit chaos was largely manufactured by the media, leading to billions in losses for those who sold during the panic.
Blue Owl Capital IncCramer advises avoiding Blue Owl, preferring Blackstone instead.
Goldman Sachs Group IncGoldman Sachs reported low redemption rate, supporting private credit recovery.
Blackstone Group IncCramer recommends buying Blackstone, citing recovery in private credit.