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Blue Owl BDCs Buy Back $90 Million of Shares to Support Value

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Blue Owl BDCs Buy Back $90 Million of Shares to Support Value Two private credit funds managed by Blue Owl Capital Inc. bought back a combined $90 million of shares, marking a consecutive quarter of repurchases as the asset manager sought to steady the vehicles’ value amid turbulence in the sector. The firm also cut the net asset value of its main publicly-traded private credit vehicle, Blue Owl Capital Corp., by 1% to $14.26 per share compared to the first three months, according to a...

Blue Owl BDCs Buy Back $90 Million of Shares to Support Value Two private credit funds managed by Blue Owl Capital Inc. bought back a combined $90 million of shares, marking a consecutive quarter of repurchases as the asset manager sought to steady the vehicles’ value amid turbulence in the sector. The firm also cut the net asset value of its main publicly-traded private credit vehicle, Blue Owl Capital Corp., by 1% to $14.26 per share compared to the first three months, according to a filing Wednesday. The drop reflected markdowns on a small number of names, though those were offset by the repurchase of roughly $35 million of stock in the vehicle known as OBDC, Blue Owl said.
Blue Owl Capital Inc. (ORG) Blue Owl Capital Corp. (ORG) OBDC (ORG) Blue Owl (ORG)
Originally published by Bloomberg Markets Read original →