Blue Owl Capital (OWL) Scraps OBDC–OBDC II Merger as Redemption Freeze Roils the $3 Trillion Private Credit Market
Alternative asset manager Blue Owl Capital Inc. (NYSE: OWL) has pulled the plug on a controversial merger of two of its private-credit funds, capping a tumultuous week that has turned one mid‑size Wall Street firm into the poster child for growing stress in private credit. On Wednesday, Blue Owl Capital Corporation (NYSE: OBDC) and Blue Owl Capital Corporation II (OBDC II) said they have terminated their planned merger, just weeks after announcing it, citing “current market conditions” and a desire to protect shareholders. PR Newswire+1 The reversal comes after: Here’s what changed today, why it matters, and what investors in