Blue Owl Capital (OWL) has decided to call off the merging of two of its private-credit funds after the deal caused some angst among investors, people familiar with the matter told CNBC’s Leslie Picker. The firm had planned to merge its smaller, non-traded Blue Owl Capital Corporation II into the larger, publicly traded fund Blue Owl Capital Corporation (OBDC), but news of the restricted redemptions caused shares of the parent company to slump about 6% on Monday and added to concerns about the state of the private credit industry among investors, the report says.
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