Blue Owl Halts Redemptions on Private Credit Retail Fund (2)

Blue Owl Capital Inc. said it will restrict withdrawals from one of its retail-focused private credit funds, reversing a previous plan to resume redemptions this quarter.

The New York–based alternative investment firm said that investors in Blue Owl Capital Corp II, known as OBDC II, will no longer be able to redeem shares on a quarterly basis. Instead, the fund will return capital through periodic distributions funded by loan repayments, asset sales or other transactions.

Blue Owl on Wednesday said it had sold about $1.4 billion in direct-lending investments across three funds: Blue Owl Capital Corp II, Blue Owl Capital ...