Blue Owl Capital Corporation II has confirmed the receipt of an unsolicited minority tender offer from Saba Capital and Cox Capital Partners, which seeks to provide liquidity to shareholders at a discount to the company’s net asset value (NAV). This move comes as activist managers are increasingly offering liquidity solutions in the non-traded private credit sector due to ongoing market dynamics. Additionally, Blue Owl has been implementing accelerated capital returns through asset sales to address redemption pressures from its investors.
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