Part 2/11:
Blue Owl Capital Inc. saw its stock tumble nearly 6% in a single day, closing at $13.78 amid investor concerns. The company announced plans to merge its $1.8 billion non-traded Business Development Company (BDC), Blue Capital Corporation 2, with its much larger publicly listed vehicle, Blue Owl Business Capital Corp (OBDC), valued at approximately $17.6 billion. However, critical to the unfolding crisis is the fact that investors in the non-traded fund are barred from redeeming their capital until the merger concludes—expected early next year.