Blue Owl Capital received a positive boost after Saba Capital and Cox Capital offered to purchase stakes in the company’s private credit funds, which sent its shares higher in post-market trading. This move comes as activist investors, like Boaz Weinstein’s Saba Capital, have increasingly targeted business development companies to improve asset valuations amid pressures on private credit fund discounts. Blue Owl Capital is known for its focus on middle-market direct lending through its flagship business development companies, including OBDC.
Saba and Cox Capital launch tender offers for Blue Owl Capital stakes
