Blue Owl Capital Corporation (NYSE:OBDC) was among the stocks Jim Cramer discussed on Mad Money, along with the recent sell-off in the market. Toward the end of the lightning round, a caller sought Cramer’s opinion of the stock, and he replied:
I gotta tell you, it’s their business development company. I’ve not recommended anybody’s business development company; I can’t start doing it now, I’m sorry. I don’t know what they own, and I don’t want to; that’s how bad these things have been. Maybe this is the exception, but I’m not going to put my head in that lion’s den.
Photo by Adam Nowakowski on Unsplash
Blue Owl Capital Corporation is a business development company that specializes in direct and fund-of-fund investments across debt, loans, and common or preferred equity. Cramer discussed its parent company when a caller asked about it during the March 18 episode, as he commented:
Okay, Blue Owl, if you want to own in that world, that private equity, private credit world, I have to suggest you to buy Blackstone. It yields 5%. It’s better run. I think you just go with Blackstone and you’ll do better.
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