Saba Capital's Tender Offers for Blue Owl and Starwood Funds Receive Limited Investor Interest
Saba Capital's tender offers for shares in Blue Owl Capital Corporation II and Starwood Real Estate Income Trust received limited response, with only $10 million in aggregate face value acquired, mostly from Starwood. The offers were made at significant discounts, but investor appetite was low, reflecting broader challenges in the private credit and non-traded BDC sector.
Topics: Blue Owl Capital investor redemptions liquidity private credit funds Starwood Real Estate Income Trust tender offers