
Bloomberg Businessweek Daily highlighted two contrasting stories on Thursday, February 19: Figma’s AI‑driven growth trajectory and Blue Owl Capital’s liquidity curtailment in a private‑credit fund. The market backdrop featured modest equity declines, a VIX edging toward 21, and oil prices above $66 a barrel amid heightened geopolitical risk. Figma reported its best quarter yet, posting $304 million in revenue and a 40% year‑over‑year increase. CEO Dylan Field emphasized that AI improvements directly boost the platform, noting that more than 75% of customers with ARR above $10 K now consume AI credits weekly and that weekly active users of the new Figma Make feature rose 70% quarter‑over‑quarter. The company also unveiled an integration with Cloud Code, positioning Figma as a central hub for design‑to‑code workflows. Blue Owl Capital, meanwhile, announced a restriction on withdrawals from one of its flagship private‑credit funds, triggering a sharp sell‑off in its shares and reigniting concerns about liquidity in the $1.8 trillion private‑credit market. Analysts warned that the move could signal deeper stress in a sector already under scrutiny for opaque risk structures. The dual narratives underscore divergent investor themes: Figma’s AI‑centric product expansion may restore confidence in SaaS valuations, while Blue Owl’s withdrawal limits serve as a cautionary tale about hidden credit risks. Both stories suggest that technology adoption and credit‑market transparency will shape capital allocation decisions in the coming months.

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