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Blue Owl permanently halts redemptions at private credit fund aimed at retail investors
Blue Owl/OWL tried to merge its smaller private-credit BDC fund OBDC II into larger OBDC in 11/2025. But there was lot of opposition from holders - the funds were at different discounts and merger numbers were to be based on NAVs, not prices. Marc Lipschultz in Barron's 11/24/25 acknowledged the merger misstep, but was otherwise very optimistic about private-credit in general, and OWL in particular. He even jokes that Jamie Dimon/JPM should worry more about cockroaches in banking, not private-equity/credit.
Frankly, I am not surprised at this news about halting redemptions for OBDC II. OWL saw potential problems developing last year but was stopped from acting by the holders of OBDC II.
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Frankly, I am not surprised at this news about halting redemptions for OBDC II. OWL saw potential problems developing last year but was stopped from acting by the holders of OBDC II.
https://ybbpersonalfinance.proboards.com/post/2306/thread