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Blue Owl Halts Redemptions as Discount Offer Falls Flat

4/28/2026

42 5 Full Breakdown

Summary

Story summary

Saba Capital Management and Cox Capital Partners offered to buy Blue Owl Capital Corp. II shares at a discount, but investors tendered under 1%.
Saba secured $10 million from 190 trades and plans bids on Cliffwater and Blue Owl Credit Income funds.
Blue Owl halted redemptions, capped other fund withdrawals at 5% after $5.4 billion requests in Q1, and will return capital targeting 35% of NAV by mid-April and over 50% by year-end.

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Story summary

Saba Capital Management and Cox Capital Partners offered to buy Blue Owl Capital Corp. II shares at a discount, but investors tendered under 1%.
Saba secured $10 million from 190 trades and plans bids on Cliffwater and Blue Owl Credit Income funds.
Blue Owl halted redemptions, capped other fund withdrawals at 5% after $5.4 billion requests in Q1, and will return capital targeting 35% of NAV by mid-April and over 50% by year-end.