Blue Owl：2025年年中全球投资展望报告：聚焦信贷、房地产及GP战略资本（英文版）

Since April, we have seen indices rebound and remain remarkably resilient. Sitting here at the midpoint of the year, both the public and private loan markets are relatively open, and we did not see a sustained move toward wider credit spreads, as many initially expected. Public markets have stabilized, but the volatility has not been forgotten. In contrast, the comparable stability of private credit markets has only been amplified during this period. While the impact of tariffs is still p