Term Sheet: Blue Owl’s credit gains; Blackstone’s mortgage trust hurdles; IOS’s inner circle moves

In today's edition, Blue Owl Capital is expanding its presence in the real estate credit markets with nearly $1 billion raised across data center and sector-wide strategies; Blackstone is narrowing the scope of its mortgage trust’s loan portfolio amid broader market noise; Industrial outdoor storage joins institutional capital's inner circle on the heels of private credit lender activity; and more in today’s Term Sheet, exclusively for our valued subscribers.

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