Blue Owl (OWL) is facing scrutiny regarding retail liquidity and exposure to AI/Software lending. They recently sold assets to return capital. While Love maintains an overweight rating, the commentary highlights a "sentiment divide" and potential "headline risk" for retail-heavy private credit firms. The gating of funds or forced asset sales creates a negative feedback loop for the stock price in the near term. WATCH / AVOID until liquidity concerns stabilize. If the asset sales are viewed as highly accretive or if the Fed cuts rates aggressively, alleviating pressure on borrowers.