Blue Owl investors shun cut-price exit offer from Boaz Weinstein
Offer from Saba Capital to buy shares of private credit fund at 65 cents on the dollar fails to attract sellers
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Blue Owl executives and staff bought $200mn in shares after sell-off
Insider purchases intended to support stock in wake of abandoned merger
Hedge fund Saba offers to buy stakes in Blue Owl funds at steep discount
Boaz Weinstein’s investment vehicle launches offer as private credit group is seeking to shore up investor confidence
Blue Owl retail fundraising evaporates amid private credit concerns
Fund it operates took in fraction of capital from year-ago level as worries mount over potential surge in loan defaults
Blue Owl private credit fund merger leaves some investors facing 20% hit
Asset manager blocks redemptions from one of its first private debt vehicles targeting wealthy individuals
Blue Owl co-founders no longer pledging shares for personal loans
Doug Ostrover and Marc Lipschultz had committed firm equity worth more than $1.1bn last year as collateral
Blue Owl slides below listing price as private credit worries mount
Investor redemptions and fears of AI disruption to software companies have prompted worries across the industry